Safe Workplace and Safety News

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Wednesday, May 21, 2008

Factory Mutual Makes Its Premium Risk Prevention Data Available at No Cost

The following is a press release that was issued today by Factory Mutual.

Insurer FM Global Makes Its Premium Risk Prevention Data Available at No Cost For First Time in 170 Years

Release of unique source of property protection information reflects changing global risk environment

JOHNSTON, R.I., USA—For the first time in its 170-year history, FM Global, one of the world’s largest commercial and industrial property insurers, today announced its decision to release thousands of pages of its previously exclusive property loss prevention engineering guidelines at no cost through its Web site www.fmglobaldatasheets.com.

FM Global’s Property Loss Prevention Data Sheets provide large-scale businesses, facility and risk managers, as well as the architects, consultants and contractors who work for them, a valuable 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.

The engineering guidelines contain a wealth of risk prevention information on hundreds of topics, ranging from building construction and fire prevention, to industrial equipment maintenance and natural disaster preparedness. Users who download the content also receive automatic notification via e-mail when data sheets are updated. FM Global is the only commercial property insurer in the world that develops and provides this type of premium technical data, all of which is based on scientific research and nearly two centuries of loss prevention experience.

FM Global’s 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.

“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.”

Subjects covered by FM Global’s data sheets include: