WINDSOR, UK - FM Global, one of the world’s largest commercial property insurers, is introducing Sustainability Select®, an innovative new two-part coverage endorsement to its all-risk FM Global Advantage Policy, designed to help its clients facilitate sustainable practices at their facilities.
FM Global’s new Risk Improvement Coverage Endorsement is an industry first and allows clients to transfer some of the risk, after a loss occurs, for improving risk quality at the location where the loss occurred. Additionally, FM Global’s new Green Coverage Endorsement provides clients an opportunity to more easily upgrade physically damaged portions of a facility utilising “green” materials and practices.
“FM Global clients have asked us for creative strategies to help them complete risk improvement objectives at their facilities,” explained Gary Love, vice president and staff operations underwriting manager. “We believe clients will continue to proactively address targeted risk improvement opportunities and this coverage will supplement those efforts by providing an additional means to facilitate risk improvement at their facilities. In addition, clients are likely to want the green upgrade option as a component of their recovery options.”
The coverage can be purchased either separately or together, and both are available on a location-by-location basis.