India, Feb. 15 -- The latest Indian Risk Survey report ranks fire outbreak as the third biggest risk to businesses
Fire outbreak is the third biggest risk to business continuity and operations, according to India Risk Survey (IRS) 2018. In IRS 2016, fire outbreak was ranked eighth biggest risk to businesses.
Two examples of this were witnessed in the Capital the past week. First when a fire broke out at Arpit Palace hotel in Karol Bagh on February 12 and second when a four-storey building belonging to gift store Archies almost gutted on February 14.
The survey blames non-compliance of safety norms and under-equipped fire services for the sudden increase in risk posed by fire outbreaks, which comes immediately after information and cyber ...