Risk Mitigation Services

Our process for risk mitigation is thorough and personal to ensure you receive the right coverage to fit your business. When you partner with AFM, you receive dedicated assistance with everything from risk assessment to post-loss analysis to help keep your business a step ahead of potential risk, and resilient in the event of a property loss.

Risk assessment is an important step in developing an insurance programme that fits your business. We offer loss prevention and control advice so our clients can make informed decisions about allocating capital to manage their unique risks. A blend of site-specific loss prevention programmes with the right insurance coverage is key to appropriately managing your cost of risk. We pride ourselves on helping our clients choose how to best identify, prioritise and reduce future loss in a way that makes practical and affordable sense. We're focused on helping you achieve a long-term competitive advantage.

Loss Control Visits

Superior risk mitigation starts with a visit from one of our expert engineers. Our engineers assess your facility, identify exposures and work with you to come up with a plan for your business to control risk and help keep your business resilient. These well-trained engineers use exposure-driven engineering techniques to identify and help you understand the unique property hazards of your business.

Jurisdictional Inspection
In North America, our jurisdictional consultants can help your business meet machinery and equipment jurisdictional inspection requirements. It is important to make sure your boiler and machinery are well-maintained and compliant with inspection standards to help mitigate risk and prevent potential loss.

Risk Reports

Following your loss control visit, your consultant engineer will provide you with a detailed risk report. This report outlines exposures that could cause a property loss at your facility. You also can find these in the Risk Reports section of AFM Online, along with the RiskMark loss prevention analytics tool.

RiskMark®
RiskMark is the only global, fact-based property risk quality benchmarking model available. It provides a relative measure of risk quality for your business on a scale of 1 to 100, to help guide you toward more meaningful risk management decisions. It allows you to compare your facilities and understand how they rank against competitors, as well as understand where you can prioritise your loss prevention resources. For more information, read about the FM Global Group's predictive analytics tools.

Post-Loss Analysis
Losses can have many impacts beyond financial repercussions. Information collected by our engineers and adjusters after a loss occurs can have specific and immediate benefits for clients who suffer losses. Analysis of losses can help capture valuable lessons that may aid in avoiding or mitigating potential future losses. Post-loss analysis may identify trends or highlight areas of concern for our clients, and/or additional loss prevention research.

Account Engineering

Your account engineer is the liaison between you, your broker and our consultant engineers. AFM account engineers are dedicated to connecting you with all the engineering products and services AFM has to offer. They are committed to working with brokers and clients to develop and implement a risk management plan that meets individual business needs and risk tolerance.

Plan Review Services

As your business grows, it is essential to maintain, renovate and upgrade your facilities. When you renovate a facility, build a new location or install new equipment, new risks are often introduced. AFM plan review services help ensure these potential new risks don't exceed your comfort level. Our plan review services team can objectively review project plans and make suggestions to minimise loss expectancy and the introduction of new risks. Also, as part of plan review services, our field engineers will inspect work done by contractors to make sure products certified by FM Approvals meet the installation guidelines set forth in the FM Global Property Loss Prevention Data Sheets.

Hot Work

Any operation producing heat, open flames or sparks that introduce an ignition source qualifies as hot work. If hot work is taking place in your facility, proper management protocols should be followed to help mitigate the risk of potential fire and guide response if a fire should occur. The FM Global Hot Work Permit System is a valuable tool designed to help manage hot work. For more information, visit our Hot Work Resources Page or take our online training courses.