Just a couple of weeks ago, an apartment in London was engulfed in an unsparing fire incident which claimed over 30 lives and left many more injured.
In India too, one of the worst fire incidents to have happened in recent history is that of Uphaar cinema in Delhi.
It claimed 59 lives and left over 100 injured.
If you have started to wonder why I am talking about fire on a investing blog, there is a reason to it. Just be with me.
A fire can be devastating. The effects – people are killed or injured, valuable property and other stuff are destroyed. Small businesses not able to bear the consequences can vanish in no time. It triggers a state of emergency – mental as well as physical.
If you are caught unprepared, it can be a terrible setback.
Can one prepare to face a situation like this? Yes, of course.