Modern Slavery Act 2015
This statement is made by FM Insurance Company Limited (“FMI”) with regard to its obligations under s54 (1) Modern Slavery Act 2015 for the 2017 financial year and will be updated and published on its website annually.
FMI takes a zero tolerance approach towards modern slavery and human trafficking. This statement sets out steps taken by FMI to ensure and confirm that there is no evidence of modern slavery or human trafficking taking place within its business or supply chains.
About FM Insurance Company Limited
FMI is a UK insurer providing industrial and commercial property insurance from its head office in Windsor and is licensed throughout the European Economic Area. FMI is a wholly owned subsidiary of Factory Mutual Insurance Company.
FMI is authorized by the Prudential Regulation Authority (“PRA”) and regulated by the Financial Conduct Authority and the PRA. As a regulated firm, FMI takes compliance with laws and regulation very seriously. This includes taking the necessary steps to ensure no modern slavery or human trafficking is taking place in its business or supply chains.
Steps We Have Taken
FMI has undertaken due diligence with regards to its business and supply chain. FMI employees who are responsible for procuring goods and services understand the requirements of the Modern Slavery Act 2015 and have confirmed adherence to ensure there is no suspected modern slavery or human trafficking taking place either within the business or in connection with the vendors we use. FMI’s procurement policy reflects FMI’s zero tolerance to modern slavery and human trafficking and to make clear that this is also the attitude we expect our suppliers to adopt. Furthermore, FMI has developed a Supplier Code of Conduct to reinforce its stance against modern slavery and human trafficking.
Employees are encouraged to report any concerns, including suspected modern slavery and human trafficking, using FMI’s anonymous whistleblowing procedure. Alternatively, they can contact the Legal and Compliance department.
FM Insurance Company Limited