Verisk has compiled guidelines to help underwriters work successfully with insureds to reduce or eliminate hazardous conditions in the use, storage, and maintenance of flammable and combustible liquids.
The misuse of flammable and combustible liquids can cause property losses of catastrophic proportions. Flammable and combustible liquids ignite easily, cause severe fires and explosions, and release toxic fumes. In those scenarios, the potential for loss of life is also very real.
Almost any type of occupancy — anywhere in a facility — may contain flammable and combustible liquids. Those liquids have many different uses, including painting/coating, cleaning, and lubricating, and are excellent solvents. They are also a source of fuel and often serve as raw materials in manufacturing.