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For the majority of businesses, fire has the potential to cause fatalities on a scale unmatched by any other workplace hazard.

Fire causes damage to property, equipment, the environment, interrupts business and reduces profits.
Both the insured and the uninsured losses can be substantial. Indeed, it is estimated that 70% of companies cease trading after suffering a fire, and yet the vast majority of fires can be readily avoided if basic safety precautions are followed.

The relevant executive authorities of the Republic of Azerbaijan and the company’s insurers are, in most cases, the two organisations who will have most influence over the company’s fire safety standards. Fire authorities exercise control primarily through the issue of fire certificates for certain categories of
premises; they are primarily interested in the risk to human life in the event of a fire. Insurance companies are primarily concerned with the potential financial effects of a fire, and will therefore pay
close attention to the fire prevention measures and firefighting systems that the company has in place.

It is often stated that money spent on improving standards of health and safety should be regarded as an investment, given the costs that can be incurred as a result of poor standards. Of all the workplace health and safety issues that need to be addressed, this statement applies particularly to fire. Therefore,
an effective fire risk assessment should be approached not only with the objective of safeguarding life, but also as a means of ensuring that the business itself remains profitable and viable.