You’ve probably come across other insurance companies that offer many lines of coverage. At FM, we give everything we’ve got to commercial and industrial property insurance. It’s just one way we serve our clients differently.
We want all our clients to receive the comprehensive coverage they need. Crafting the right personalized policy begins with understanding the value of insured property.
The replacement value of buildings and other structures is determined by the same methods used by contractors to develop their estimates and bids, with costs regionally adjusted for local labor and material price variances.
The contracted appraiser will list enough information about the contents so that values may be accurately researched. When needed, a determination of replacement value might involve document review and consultation with knowledgeable plant staff.
Building costs are regionally adjusted for local labor and material price variances. Cost sources include publications of building cost information from national and international construction estimating services. The determination may involve a review of facility drawings and other documentation.
Equipment costs are determined by researching original equipment manufacturers’ (OEM) pricing and other third-party price resources, to which allowances for shipping, installation, and infrastructure are added.
Insurance around the reality of engineering and your specific needs.
Build your business resilience with unrivaled benefits like risk engineering advice, sustainability support and protection from loss of income following a disaster. We now provide this coverage for one in four Fortune 500 companies.
With proVision® you'll get insurance solutions across three key areas: Real Property, Personal Property, and Business Interruption. Our comprehensive coverage offers unique advantages in protecting equipment breakdown and supply chain disruption.
Global delivery. Timely payouts. Loss prevention. Just a few of the reasons more than one-third of Fortune 500 companies choose to partner with FM.
