Construction Risk Assessment

The time of construction is one of the highest risk involved for any business and its facilities. The involvement of many parties such as owners, contractors, and sub-contractors produces increased variable safety standards. This includes activities which may cause an extension to the schedule, which increases various other risk exposures. Due to these factors, insurance normally applies a higher rate for the construction period, compared to the operational period.

SYNERGY helps clients to understand the factual risk associated with each construction and provide comprehensive information for underwriters and construction companies and recommendations to reduce risk of losses.