Description:  

This course will multiply your value as a key employee, teaching you how to get beyond ‘handling the insurance’ for your firm, and achieve comprehensive enterprise risk management, propelled by robust interfaces with all the departments in your company. The program will explore all aspects of surety, insurance, project bidding, safety, loss control, crisis management, technology risks, claims management, contract administration and legal issues.  You will learn a “best practices” approach to managing the insurance year, the art of effectively interfacing with both internal/external partners, and how to mitigate risk from a project standpoint.  Discover how effective risk management can provide you with a competitive edge and become a major profit center for your company.

Presenters: 

Nick Knudtson, Principal Adviser, Konen Insurance

Patrick Duggan, Vice President, Power Construction

 Who should take this course: CFO’s, Controllers, Risk Managers, and CPAs that provide services to construction clients and insurance agents and brokers.

Learning Objectives:
After completing this course, you will be able to:

• Design and implement an effective risk management strategy at your company;
• Determine how your management of risk touches all facets of company operations;
• Interface with key players, internal and external, to make risk management a competitive advantage tool;
• Identify the factors in managing and mitigating risk in specific projects; and
• Explain the life cycles of project risk management, strategic company risk management, and insurance program management.

Level & Prerequisites: This is a group-live program at the Intermediate level. A basic understanding of insurance products, surety requirements, contract risks the construction project process and at least 3 years’ experience in construction financial management are recommended.

CPE Credits:This program provides 4 CPE credits in the field of Management Services.