Fire in any occupancy has potential to cause harm to people and severe damages to property. Fire Safety audit is found to be the effective tool for assessing fire safety standards of an organization. It helps the people to identify the areas for improvement and evolve an action plan. In addition to technical risk control measures like fire prevention and fire protection the insurance protection against the property damage is also required.

Fire is one of the threats faced by every individual and organization. The accidental death statistics provided by National Crime Research Bureau, India reveals that about 19000 people per year lost their lives due to fire during the years 2003 & 2004. Apart from human casualties, fires can cause property damage affecting the building, plant and machinery, furniture and fittings, electrical and electrical equipment etc. The loss of property to the tune of even Rs. 600 crores per year has been experienced recently by some of the insurance company in India. The above losses are coupled with business interruption losses which are not covered in many of the cases. The other losses like loss of market, loss of good will, loss of data, damage to the reputation can not be assessed quantitatively and hence pose severe threats to the survival of the organization. Interestingly many of the property losses are not covered by insurance due to lack of insurance awareness and cost factor involved in taking insurance in India. The total actual due to fires in the country could be of high magnitude.