With uncertainty in material pricing and delivery times, home builders today must use comprehensive risk management strategies to reduce construction risks and other exposures. NAHB's Risk Management for Builders and Remodelers
live online course is designed to help building companies of various sizes understand and apply fundamental risk management concepts. The course will be conducted over three consecutive Tuesdays, Nov. 2, 9 and 16, from 1-3 p.m. ET each day.
Instructor Michael Kelley, Esq. will cover risk management topics like contractual risk transfer, financing risk, construction loss exposures, and solutions for controlling risk through insurance coverage.
By completing this course, participants will be able to:
- Define and explain the purpose and use of risk management in construction
- Identify and address potential sources of business risk
- Discuss industry-specific methodologies for assessing and managing risk, such as use of insurance and contractual risk-shifting mechanisms
- Select and employ appropriate risk mitigation solutions
- Distinguish and report on risks for both internal and external audiences
- Practice basic insurance claims processes
- Evaluate and modify existing organizational risk management and business continuity processes
For NAHB designation holders, the course offers six hours of continuing education credits for the following designations: CAPS, CGA, CGB, CGP, CGR, CMP, GMB, GMR, Master CGP, Master CSP, and MIRM.