Builder’s Risk Insurance Essentials for Commercial & Multifamily Properties, Mar. 18

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About the Event
Builder’s risk insurance plays a critical role in protecting construction projects from the financial impact of loss, delays, and unexpected exposures. With guidance from industry experts, participants 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.

This discussion will focus on the components of hard costs, including detailed explanations of what qualifies as “covered property” and the differences between permanent and 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 18 (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

Target Audience:
Real Estate Owners & Investors
Insurance Directors & Analysts
Loan Closers & Underwriters
Commercial Servicers

Speakers:
Grisela Crespo, Director of Real Estate Lending Practice, Fortress Risk Consultants, LLC
Kevin Jones, Executive Director and Senior Lead Corporate Insurance Consultant, Wells Fargo
Mike McDaniel, President & Owner, Fortress Risk Consultants, LLC