Nuts & Bolts: Commercial property insurer Affiliated FM added a new all-risk manufacturing policy to its line of products written specifically to meet the property coverage needs of manufacturers. It includes a combined business interruption/extra expense form and customized extensions of coverage. Also, the policy’s embedded coverage for flood, earth movement, boiler and machinery streamlines the binding process, reducing the number of endorsements needed. Policy-holders also receive customized loss prevention engineering services focused on the risks unique to clients’ manufacturing facilities.
Dollars: Target accounts are premiums greater than $100,000. Deductibles vary depending on the occupancy and range from a minimum of $10,000 per occurrence to whatever is appropriate based on the size of the company and its exposures. There are 25 extensions of coverage with automatic limits.
Carrier: Affiliated FM rated “A+” (superior) by A.M. Best.
States Available: All.
Contact: Affiliated FM corporate headquarters, (401) 275-3000 or www.affiliatedfm.com.
Topics Manufacturing
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