Reports & Papers-Builders Risk Guide to Loss Prevention Part Four: Crime Exposures

Builders Risk Guide to Loss Prevention Part Four: Crime Exposures

Pdf Summary

The document is a guide to loss prevention for Builder's Risk insurance, specifically focusing on crime exposures at construction sites. It emphasizes the importance of security planning based on project scope, location, and values at risk. Detailed considerations such as surveillance systems, perimeter security, and interior renovations are discussed. The guide highlights industry statistics related to theft and vandalism, as well as the need for security measures to combat potential risks like arson, vandalism, and terrorism. Recommendations include having a well-defined security plan, involving local law enforcement, and implementing security systems like CCTV and motion sensors. The importance of limiting vehicle parking on-site, engaging with neighbors for added vigilance, and developing response plans for emergencies is also emphasized. Overall, the guide aims to assist insurers, underwriters, and construction professionals in minimizing losses due to crime exposures during building projects.

Keywords

Loss prevention

Builder's Risk insurance

Crime exposures

Security planning

Surveillance systems

Perimeter security

Interior renovations

Theft and vandalism

Arson prevention

Security systems