Incidents in industries have huge social and political impact and minimizing the consequent damage has been a high priority. However, automated analysis of repositories of incident reports has remained a challenge. In this paper, we focus on automatically extracting events from incident reports. Due to absence of event annotated datasets for industrial incidents we employ a transfer learning based approach which is shown to outperform several baselines. We further provide detailed analysis regarding effect of increase in pre-training data and provide explainability of why pre-training improves the performance.