Extend manufacturing expertise to more companies than ever before with FM Essential

Insurance brokers have used FM’s unique blend of loss prevention expertise, stable coverage, and claims excellence for decades to build lasting relationships with manufacturing clients.

Historically, our solutions have been focused on large enterprises that are fully committed to maximizing business resilience against foreseeable risks. But brokers regularly tell us that there’s a huge number of organizations with different priorities and risk qualities that could benefit from our offering. These businesses may be at different stages in their risk journeys, but they are still interested in enhancing their resilience.

That’s why we’re excited to announce the launch of FM Essential, a new solution for enhanced resilience in the manufacturing sector. This brand-new offering lets us meet manufacturers where they are today and tailor our coverage based on their unique needs, while still retaining the differentiators that set us apart from other insurance carriers. Read on to discover more about our new and expanded risk appetite for manufacturing and the unique benefits this solution brings to insurance brokers.

Unlock resilience for even more manufacturing clients

We developed FM Essential to provide an offering for a segment of the commercial property insurance market that collectively feels underserved and is seeking a highly rated carrier with the ability to provide meaningful capacity. While still benefitting from FM’s manufacturing expertise. Our message to these companies is clear: Wherever clients are in their risk journey, we can provide the right coverage and work together proactively to reduce risk exposures so unforeseen incidents and losses can be avoided. Our flexible, partnership-driven approach supports gradual progress without rigid timelines, so clients can enhance their protection and implement mitigation measures at their pace.

FM Essential enables you to bring FM’s renowned risk engineering, data-driven analytics, and reputation for claims excellence to a wider range of manufacturing clients, offering benefits including:

• Greater flexibility: FM Essential supports both 100% capacity placements and “shared or layered” insurance programs, allowing for greater flexibility in structuring coverage. This means you can tailor solutions to address clients’ unique needs, even in cases where FM might not take on the entire risk.
• Faster and efficient service: Designed for speed and efficiency, FM Essential offers a quicker quote process and fast-tracked claims handling. This enables you to respond rapidly to client needs, strengthening your reputation for responsiveness and service excellence.
• Access to FM’s risk engineering and analytics: Help clients to leverage FM’s advanced analytics and AI capabilities. We draw on more than a billion risk engineering datapoints to provide targeted insights and risk improvement plans, so you can offer consultative, value-added guidance to clients.
• Enhanced partnership and collaboration: FM partner with you and your clients to set and achieve the right risk improvement aspirations based on their needs.

Following a successful pilot stage, FM Essential is expanding the proof of concept to North America, France, Italy, Spain, Switzerland, Australia, South Korea and India. This allows us to serve a broader spectrum of manufacturing clients, while utilising a market competitive form that helps brokers competitiveness and client retention.

Tell your clients about FM Essential

With FM Essential, we are redefining our risk appetite for the manufacturing sector to include low-to-medium complexity manufacturers—excluding high-hazard industries such as chemicals—who are committed to improving their resilience. We create tailored solutions for each client individually, prioritizing their ambition to enhance risk management over strict quantitative cutoffs.

If you have a manufacturing client who could benefit from FM’s loss prevention expertise, claims excellence, and market competitive coverage, we would love to hear from you. Submit a new business enquiry here and we’ll be in touch ASAP.

This is part of a series of articles FM is producing to help brokers understand the value we can provide to their commercial property insurance clients. Look out for the next post in this series for more valuable insights.