What is the difference between FM Global and other insurance providers?

FM Global differentiates itself from other insurance providers through its unique approach to risk management and property insurance. Unlike many traditional insurers that often focus primarily on the financial aspects of insurance and claims processing, FM Global emphasizes a proactive approach to risk mitigation. This means that their services extend beyond just providing coverage; they actively engage with clients to identify potential risks to their property and provide tailored solutions to prevent losses from occurring in the first place. This risk management approach includes comprehensive loss prevention engineering services, where highly trained professionals assess facilities and operations to determine vulnerabilities and recommend improvements. FM Global utilizes a vast amount of risk data and analysis to develop customized insurance solutions that not only offer financial protection but also enhance the overall resilience of a business. Additionally, FM Global operates on a mutual basis, which means it is owned by its policyholders rather than shareholders. This structure allows FM Global to prioritize long-term relationships and the interests of its clients over short-term profits. Other insurance providers may be more focused on profit margins and may not invest as heavily in prevention and risk management services. Ultimately, FM Global's commitment to risk assessment, prevention, and a mutual approach to insurance sets it apart from many conventional insurance companies. For those interested in understanding more about their offerings, it may be helpful to visit their website for detailed information on their services and philosophy.