Annual Meetings-Builders Risk: Water Damage - Kevin Furlow, CRIS, Sr. Construction Risk Engineer, XL Catlin

Builders Risk: Water Damage - Kevin Furlow, CRIS, Sr. Construction Risk Engineer, XL Catlin

Pdf Summary

The document discusses strategies for preventing and mitigating water damage in builder's risk projects. Water damage is identified as a growing cause of loss in construction risks, requiring insurers to develop strategies to protect against it. Various statistics show that water damage ranks high in frequency and total incurred losses. Exposure to water varies depending on the project type, with different stages facing different risks such as rising ground water, internal water sources, and inundation. To avoid water losses, contractors must control, monitor, and mitigate exposure to water sources by implementing prevention programs and conducting regular inspections. Specific measures include shutting down inspections, wet work permits, controlling hose usage, and having a corporate water loss prevention plan in place. In the event of water damage, rapid drying and dehumidification are recommended to minimize the impact and prevent mold growth. Advanced technology like sensors and alarm systems can also help in avoiding and mitigating water damage. Case studies and examples are provided throughout to illustrate the importance of proactive measures in dealing with water-related risks in construction projects.

Asset Caption

Presented by : Kevin Furlow, CRIS, Sr. Construction Risk Engineer, XL Catlin

Keywords

water damage prevention

mitigating water damage

builder's risk projects

construction risks

insurers strategies

water damage statistics

water exposure in construction

water damage prevention programs

rapid drying techniques

advanced technology for water damage prevention