Construction projects are inherently dangerous things and face a wide variety of unique risks, but there is one risk that is so common it can seem almost benign. That risk is water damage.
Damage from water accounts for roughly 30% of Builders Risk claims and water damage can happen at any time, with certain times and phases of construction presenting greater potential for loss.
In this article, Joe Vierling, Profit Center Head, Construction Property, AXA XL and Yaron Dycian, Chief Product & Strategy Officer, WINT, focus on why water is the new fire in construction risk and how businesses can mitigate the risks.
• Water damage mitigation in risk planning.
• Areas to cover as part of a comprehensive water management plan.
• Leak detection technology.