Ongoing natural disasters in the United States over the past week inspires a review of best practice literature for mitigation, response and remediation. Insurance companies supplement the literature of standards setting organizations with their own loss experience and risk calculations.
FM Global is one of several organizations that curate privately developed consensus products that set the standard of care for many industries; education communities among them. These standards contribute to the reduction in the risk of property loss due to fire, weather conditions, and failure of electrical or mechanical equipment. They incorporate nearly 200 years of property loss experience, research and engineering results, as well as input from consensus standards committees, equipment manufacturers and others.
If you want FMGlobal as your insurance carrier, or to supplement your organization’s self-insurance program, then you will likely be assigned an FMGlobal conformity professional.
A scan of its list data sheets since January indicate a number of noteworthy updates of documents establishing minimum requirements for safety technologies common in education facilities:
- Safeguards During Construction, Alteration, and Demolition
- Roof Mounted Solar Photovoltaic Panels
- Maximum Foreseeable Loss
- Wind Design
- Repair of Wind-Damaged Single- and Multi-Ply Roof Systems
- Field Verification of Roof Wind Uplift Resistance
- Foam-Water Sprinkler Systems
- Cables and Bus Bars
- Natural Gas and Gas Piping
- Fire Protection for Gas Turbines and Electric Generators
- Fire Protection for Steam Turbines and Electric Generators
- Asset Integrity
- USA and Canada Cost Trends (excl. Puerto Rico)
- Vessels and Piping
Note that the bulk of the safety concepts in the foregoing list of revised consensus products incorporate by reference the safety concepts that cross our radar every day FM Global provides direct access to the full span of its documents at this link:
Note that several documents have been updated as recently as January 2021 — Earthquakes, Roof Mounted Solar Panels, Fire Protection for Nonstorage Occupancies, Cables and Bus Bars, several boiler-related titles, Safety controls, alarms and interlocks, Asset integrity, and Rest of World Cost Trends, among them.
FMGlobal also makes it standards setting agenda public at the link below:.
To respond to calls for public consultation you will need to set up (free) access credentials.
We keep FMGlobal consensus products — and the products of other property insurers involved in standards setting — on the standing agenda of our Risk and Prometheus colloquia. See our CALENDAR for the next meeting.
Category: Risk, Facility Asset Management