Boiler and Machinery: Reliable All-Risk Coverage
FM Global has been a leader in boiler and machinery (B&M) insurance and reinsurance for more than 125 years. We offer B&M equipment coverage and services through our FM Global Advantage all-risk policy.
Our B&M coverage applies to a broad range of equipment for mechanical and electrical breakdown as well as pressure failures, and our policies are specifically designed to meet your unique exposures and service requirements.
In conjunction with this coverage, we provide specialized loss prevention services and exposure analysis on a worldwide basis. Safety devices are tested and evaluated along with your preventive maintenance program and operating procedures. Because most boilers and many pressure vessels are subject to mandatory government inspection laws, FM Global engineers conduct regular reviews of your machinery to identify signs of leakage, corrosion, cracking, overheating, scale, bulging and other conditions requiring corrective action. The result? The peace of mind that comes with knowing hazards affecting your machinery have been addressed.
FM Global's B&M coverage can be applied to many types of equipment, including:
- Pressure vessels
- Refrigeration systems
- Pumps and compressors
- Heating and air conditioning systems
- Electronic data processing (EDP) systems
- Engines that utilize electrical or mechanical energy or are under steam pressure
FM Global's WorldReach® capabilities deliver consistent loss prevention and risk transfer solutions across entire global property programs.
FM Global experts identify and address inherent business risks to help prevent losses in high-challenge industries.