Run Time: 3:27
Bridging Risk Across Real Estate and Construction
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Discover how risk management practices from construction and real estate intertwine to create comprehensive safety protocols, driving strategic decisions and preventing claims. This excerpt of Andrea Wells, Vice President of Content for Insurance Journal and Tiara Wallace Director of Risk Management of Invesco Real Estate, discusses the differences and similarities of risk management from a real estate and construction perspective. To watch the full interview and the rest of the panels from the summit, visit riskyfuture.com to watch the videos on-demand!
Main Points:
- Similar yet Distinct Risk Indicators: While real estate and construction share common risk factors, real estate focuses more on incident reporting to monitor trends and update safety protocols.
- Holistic Approach to Risk Management: By understanding safety practices across industries, risk managers can create strategic programs that mitigate claims, lawsuits, and accidents.
- Industry Collaboration for Risk Mitigation: Open communication with carriers, brokers, and risk consultants helps tie risk behaviors to claims and inform key decisions within organizations.
#RiskManagement #ConstructionSafety #RealEstateRisk
