Middle-market commercial property insurer Affiliated FM has introduced a new ‘green’ coverage endorsement to its proVision all-risk property policy.
The green endorsement provides flexible coverage for the additional costs of repairing, replacing or rebuilding damaged property using environmentally responsible practices, green alternatives and to whatever level of green standards a policyholder chooses.
The endorsement limit, which has no built in sub-limits, also covers the potential increased time and associated business interruption that may occur when undertaking green, sustainable practices and securing third-party certification from green authorities.
Coverage also includes:
Additional costs to replace damaged roofs with green roofing systems, including vegetative roofing systems
Additional costs for the green removal, disposal and recycling of damaged property
Air flushing with 100 percent outside air for establishing healthy indoor building environments
Replacement filtration media for ventilation systems
Costs to hire an accredited green consultant to assist in green design and reconstruction
Affiliated FM is a member of the FM Global Group.
Source: Affiliated FM
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