Name
SPOTLIGHT CASE STUDY -- MITIGATING RISK: Accounting For All Contingencies, Including Elevating Insurance Rates
Date & Time
Wednesday, April 23, 2025, 2:10 PM - 2:25 PM
Description
• Risk assessment strategies - identifying and assessing potential risks, including environmental hazards and building resilience, to develop comprehensive mitigation plans
• Stakeholder collaboration – aligning with insurers, contractors, and regulatory bodies early in the process to streamline expectations, reduce risks, and ensure that all contingencies are accounted for in project planning and execution
• Avoiding long-term liabilities - strategies for reducing long-term liabilities
• Insurance cost projections - how retrofit projects can positively impact insurance rates, including upgraded material choices and exceeding building codes and safety features