Risk Management is the process of identifying, assessing and controlling possible risk and every business implements some form of Risk Management procedures that involves prioritizing risk. For construction companies, that can change on a daily basis depending on the projects that a contractor becomes involved with or encounters. This creates challenges for construction Risk Managers since they not only have to develop appropriate programs that address these risks, but they must be able to implement those programs and procedures company-wide against risks that are often constantly changing. Be it contractual, procurement or operational, it isn’t an easy task for risk professionals.
At TSIB we feel our unique and extensive experience gives us in-depth understanding and proven abilities in Risk Management consultation. We have managed the risk management department of one of the largest construction companies in the world and developed the most comprehensive CCIP program in the country that placed billions in construction volume annually. This experience involved insurance procurement on over 40 lines of insurance coverage, direct oversight over contractual language that is utilized with owners as well as subcontractors, risk oversight and operational controls from a claims and safety perspective, all of which had a direct result on the construction companies bottom line. TSIB’s Risk Management Services can be grouped under three distinct categories: