Commercial/Multifamily: Builder’s Risk Insurance: Analysis & Perspectives 2024–March 20
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About the Event
With guidance from an industry expert, you will gain insight into the pros and cons of policy purchases, when it is advisable to utilize a “Course of Construction” endorsement, or when to procure a true builder’s risk policy. Discussion will focus around the components of hard costs, with detailed explanations about what is “covered property” and permanent vs. temporary works. Significant analysis will be given to the overlooked subject matter of soft costs and the risks of delays in project completion. Throughout the presentation, learn about standard coverage parts, perils and exclusions, when coverage ceases transitions to permanent insurance.
Date/Time
Wednesday, March 20 (2:00 PM – 3:30 PM ET)
Objectives
• Gain insight into the pros and cons of policy purchases, learn when it is advisable to use a “Course of Construction” endorsement or when to get a true builder’s risk policy
• Discuss the components of hard costs, what is “covered property” and permanent vs. temporary work
• Analyze soft costs and risks of delays in project completion
Experience Level
• Entry-Level
• Intermediate
Target Audience
• Real Estate Owners & Investors
• Insurance Directors
• Loan Closers & Underwriters
• Commercial Servicers
• Others concerned with insurance matters, such as attorneys and consultants who work within the real estate industry
Speaker(s)
• Grisela Crespo, Director of Real Estate Lending Practice, Fortress Risk Consultants, LLC
• Mike McDaniel, President & Owner, Fortress Risk Consultants, LLC
