Construction Risk Management Session 7

1. Construction Risk ManagementSession 7

2. Performance Objectives • Identify the various types of insurance policies that many contractors carry • Calculate worker’s compensation experience modification rating (EMR) • Identify and estimate direct and indirect costs associated with an accident • Identify components of fleet safety programs • Manage site environmental responsibilities • Manage an on-site crisis An AGC Construction Learning Tool

3. Common Types of Insurance • Automobile • General liability • Property insurance • Professional insurance • Umbrella insurance • Inland marine • Builders risk • Worker’s compensation An AGC Construction Learning Tool

4. Direct and Indirect Costs of an Accident An AGC Construction Learning Tool

5. Other Insurance Requirements • Certificate of insurance • Indemnification/Hold harmless • Waiver of subrogation • Additional insured status • Personal and public liability • Fleet safety • Environmental issues An AGC Construction Learning Tool

6. Crisis Management • Control the workforce • Secure the site • Deal with the media An AGC Construction Learning Tool

7. Session 7 Summary • Identify insurance policies required by contract • Calculate and control the costs associated with an accident • Manage a crisis situation • Perform a complete accident investigation An AGC Construction Learning Tool