Property Loss Prevention

Several titles relevant to our work were updated in January 2023.

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Property Loss Prevention

December 7, 2023
mike@standardsmichigan.com
, ,

Left Panel Of George Julian Zolnay’s Allegorical “Academic, Business & Manual Education” Granite Frieze At Francis L. Cardozo High School (Washington, DC)

All fifty United States have their own “signature” disaster with which to reckon; some more than others.   California has earthquakes, Florida has hurricanes, Missouri has floods; and so on,  Life and property loss are preventable; but losses will persist because technical solutions notwithstanding, culture determines human behavior.  It is impossible to be alive and safe.

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:

 

Note that the bulk of the safety concepts in the foregoing titles 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:

FM GLOBAL PROPERTY LOSS PREVENTION DATA SHEETS

Note FM Global updates its standards every three months:

Standards in Progress

To respond to calls for public consultation you will need to set up (free) access credentials.

We keep FMGlobal titles — and the literature of other property insurers involved in standards setting — on the standing agenda of our Risk, Snow and Prometheus colloquia.  See our CALENDAR for the next meeting.

Issue: [Various]

Category: Risk, Facility Asset Management


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Representative force majeure clauses.

Example 1: Basic Force Majeure Clause

“Neither party shall be liable for any failure or delay in performance of its obligations under this agreement due to events beyond its reasonable control, including but not limited to acts of God, war, terrorism, civil commotion, labor strikes, and natural disasters. The affected party shall promptly notify the other party of the force majeure event and take reasonable steps to mitigate its impact on performance. During the continuance of such events, the obligations of the affected party shall be suspended, and the time for performance shall be extended.”

Example 2: Detailed Force Majeure Clause

“In the event that either party is unable to perform its obligations under this agreement due to a force majeure event, the affected party shall promptly notify the other party in writing, specifying the nature and anticipated duration of the force majeure event. Force majeure events shall include, but are not limited to, acts of God, strikes, lockouts, government action or inaction, war, terrorism, epidemics, and natural disasters. The affected party shall use reasonable efforts to overcome or mitigate the effects of the force majeure event. If the force majeure event continues for a period of [specified duration], either party may terminate this agreement by providing written notice to the other party.”

 

 

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