LONDON, U.K. – Just when insurers may be scrambling for ways to restrict coverage and reduce capacity to stave off the fallout from the next major disaster, FM Global, one of the world’s largest commercial property insurers, today announced that a new and improved
FM Global Advantage® policy is now available to clients at renewal. Policy enhancements include the addition of four new coverages (Accidental Interruption of Services, Attraction Property, Crisis Management, and Machinery or Equipment Startup Option) and one dozen expansions to existing coverage to keep pace with clients’ exposure to emerging property risks. Additionally, the policy’s terms and conditions have been simplified to make it easier to read and understand.
“As the world becomes an increasingly risky place, it’s important that companies protect themselves with a comprehensive insurance policy that keeps pace with the evolution of that risk,” said Carol Barton, senior vice president, underwriting and reinsurance, FM Global. “As we continue to serve our mutual policyholders’ best interests, we’re committed to providing them the broadest coverage in the marketplace, backed by stable capacity and with the highest level of contract certainty.”
About FM Global
FM Global (www.fmglobal.co.uk ) works with many of the world’s largest organisations to develop robust property insurance and engineering solutions to protect their business operations from fire, natural disasters and other types of property risk. In recent years, FM Global has been named “Best Property Insurer in the World” by Euromoney magazine, “Best Global Property Insurer” by Global Finance magazine and received the prestigious Queen’s Award for Enterprise. The company is rated A+ (Superior) by A.M. Best and AA (Very Strong) by Fitch Ratings. In the United Kingdom, FM Global is the communicative name for FM Insurance Company Limited, which is regulated by the Financial Services Authority.