Name
SPOTLIGHT CASE STUDY MITIGATING RISK: Accounting For All Contingencies, Including Elevating Insurance Rates
Date & Time
Thursday, April 24, 2025, 10:10 AM - 10:25 AM
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