Release of property protection information reflects increasing interdependence of businesses
For the first time in its 170-year history, FM Global, has released thousands of pages of its previously exclusive property loss prevention engineering guidelines at no cost.
The data is available through its Web site.
The insurer said its Property Loss Prevention Data Sheets provide a tool to help prevent property damage and maintain business continuity due to threats posed by fire, weather conditions, and failure of electrical or mechanical equipment.
FM Global said it is the only commercial property insurer in the world that develops and provides this type of premium technical data, which is based on scientific research and nearly two centuries of loss prevention experience.
The decision to make its loss prevention data available at no cost reflects the changing risk profiles of its clients around the world, especially the increasing interdependence of businesses brought about as a result of globalization and technology, said FM Global.
‘Companies are now so intertwined and geographically dispersed, that to help them reduce risk and prevent loss, it is beneficial to make our intellectual property widely accessible,’ said Tom Lawson, FM Global’s senior vice president, engineering and research. ‘FM Global is always developing new ways to prevent risk, and we feel this complete access to our engineering recommendations can be invaluable to helping businesses manage the evolving risk environment in this increasingly interconnected world.’