This course explores the landscape of mass timber builder’s risk insurance, with insights from a general contractor, insurance broker, and insurance carrier on how they collaborate to navigate insurance challenges
and manage cost considerations to support project success. Attendees will gain a well-rounded understanding of how to procure builder’s risk insurance, how insurance considerations impact design choices, and proactive engagement with insurers that can streamline the process, promote safer building practices, and improve project outcomes.
Learning Objectives
- Understand the roles and perspectives of the general contractor, insurance broker, and insurance carrier in the builder’s risk insurance process to facilitate better project coordination and risk
management.
- Identify key risks associated with mass timber construction and understand how insurers evaluate builder’s risk policies.
- Learn what information is required to submit a builder’s risk insurance application, including project details, construction specifications, fire protection measures, and risk mitigation strategies.
- Explore strategies to streamline the insurance process, promote safer building practices, and integrate insurance considerations into early-stage design decisions to improve project feasibility and success.