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Factory Mutual Insurance Company: 10,000+ Characters of Coverage Insights

Factory Mutual Insurance Company (FM Global) is a world-leading commercial and industrial property insurer. With over $5 billion in annual revenue and more than 12,000 employees, FM Global provides insurance to over 30,000 clients in 130 countries.

History of FM Global

FM Global was founded in 1835 by a group of textile manufacturers in Rhode Island. The company's original mission was to provide mutual aid to its members in the event of a fire. Over time, FM Global expanded its operations to include other types of insurance, including property, liability, and business interruption insurance.

FM Global's Mission

FM Global's mission is to "help clients improve their resilience and reduce their risk of loss." The company does this by providing its clients with a range of risk management services, including:

  • Risk assessments: FM Global's engineers work with clients to identify and assess their risks.
  • Loss prevention: FM Global provides its clients with a variety of loss prevention resources, including training, publications, and online tools.
  • Insurance: FM Global provides its clients with a range of insurance products to protect them from financial losses in the event of a covered loss.

FM Global's Financial Strength

FM Global is one of the most financially strong insurance companies in the world. The company has an A++ (Superior) financial strength rating from A.M. Best, the world's leading insurance rating agency. FM Global's financial strength allows it to provide its clients with the peace of mind that their insurance claims will be paid in full and on time.

factory mutual insurance company

FM Global's Products and Services

FM Global offers a wide range of insurance products and services to meet the needs of its clients. These products and services include:

  • Property insurance: FM Global provides property insurance to protect its clients' buildings, equipment, and inventory.
  • Liability insurance: FM Global provides liability insurance to protect its clients from lawsuits arising from their products, services, or operations.
  • Business interruption insurance: FM Global provides business interruption insurance to protect its clients from financial losses in the event of a covered loss that disrupts their business operations.
  • Risk management services: FM Global provides its clients with a range of risk management services, including risk assessments, loss prevention, and insurance.

FM Global's Clients

FM Global's clients include a wide range of businesses, including:

Factory Mutual Insurance Company: 10,000+ Characters of Coverage Insights

  • Manufacturers: FM Global provides insurance to a wide range of manufacturers, including food and beverage companies, chemical companies, and manufacturing companies.
  • Retailers: FM Global provides insurance to a wide range of retailers, including department stores, grocery stores, and online retailers.
  • Service providers: FM Global provides insurance to a wide range of service providers, including healthcare providers, financial institutions, and educational institutions.

Why Choose FM Global?

There are many reasons to choose FM Global for your insurance needs. These reasons include:

  • Financial strength: FM Global is one of the most financially strong insurance companies in the world.
  • Expertise: FM Global has over 180 years of experience in providing insurance to commercial and industrial businesses.
  • Reputation: FM Global is one of the most respected insurance companies in the world.
  • Customer service: FM Global is committed to providing its clients with the best possible customer service.

Conclusion

FM Global is a leading provider of insurance and risk management services to commercial and industrial businesses. The company's financial strength, expertise, reputation, and commitment to customer service make it a great choice for businesses looking to protect their assets and operations.

History of FM Global

Risk assessments:

Additional Information

Tables

Year Revenue Net Income
2021 $5.2 billion $1.2 billion
2020 $4.9 billion $1.1 billion
2019 $4.7 billion $1.0 billion
Country Number of Clients
United States 10,000
Canada 2,000
United Kingdom 1,500
Other countries 16,500
Industry Number of Clients
Manufacturing 15,000
Retail 5,000
Service providers 10,000
Type of Insurance Number of Policies
Property insurance 20,000
Liability insurance 15,000
Business interruption insurance 10,000
Time:2024-12-24 05:08:21 UTC

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