Electrical source vehicle fires are on the rise
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Electrical source vehicle fires are on the rise
An increasingly common source of building fires is vehicles experiencing electrical malfunctions while parked overnight in the repair shop when no one is around. Faulty vehicle electrical components such as batteries, chargers, and cables can cause heat to build up and eventually fires or explosions, resulting in a devastating loss of property and income due to business interruption.
As electric vehicles become more common, we anticipate this may become a bigger issue in the future. Electric vehicle fires are hard to fight as the batteries burn hotter and faster. They can also re-ignite hours or days after the fire is controlled while the vehicle may still be in the repair shop or salvage yard.*
To help prevent costly damage to your business and property, we’ve created a risk management resource on battery safety best practices and maintenance procedures.
To learn more about Federated Insurance, visit www.federated.ca or if you’re a Federated customer, you can contact your Commercial Insurance Specialist with any questions.
