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New NFPA infographic looks at total cost of fire

Blog Post created by RYAN QUINN Employee on Jul 29, 2014

Total Cost of Fire 2014

NFPA’s latest infographic highlights the total cost of fire in the U.S. The cost was estimated at $329 billion in 2011, based on latest available data, a 34 percent increase over 1980 and roughly 2.1 percent of U.S. gross domestic product (GDP).

NFPA's total cost of fire report defines the core total cost of fire as the sum of economic loss (e.g. property damage, business interruption) and the cost of provisions to prevent or mitigate the cost of fire (e.g. fire departments, insurance, and the fire protection part of construction).

The complete total cost of fires adds costs that cannot be measured every year or do not involve direct payments. This includes costs of compliance with fire safety standards for equipment and other products, the value of the time donated by volunteer firefighters, human loss (e.g. lives lost, medical treatment, pain and suffering), and federal government costs for fighting wildfires.

Easily download the infographic now.

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