Developers and contractors entering new markets that are looking to mitigate their projects’ risk now have available an interactive tool that not only allows them to access real-time updates pertaining to the risk climate of municipalities across the U.S., but also to create a job-specific risk profile that takes into account such factors as local statutes and the potential for catastrophic exposure.
Aon Risk Solutions, through its Construction Services Group, has gone live with its Construction Risk Portal, a web-enhanced tool that helps clients navigate risk when working across multiple geographies simultaneously.
Aon Risk Solutions is a division of London-based Aon plc, a publicly traded global provider of risk management, insurance and reinsurance brokerage, and human resources solutions and outsourcing services. It has clients in 120 countries.
The portal is a single website with two applications:
• Construction Risk Map is a searchable reference library. It provides a macroeconomic vantage of the construction risk climate across the country, and outlines specific issues—such as litigation, legislation, and insurance requirements—that contribute to overall construction’s risk rating;
• Construction Risk Register is an interactive module through which users can create project- and location-specific risk profiles based on data about the project. The profile would have three components: State-specific statutes and case law based on construction-specific issues as tracked in the Construction Risk Map; a map that plots a project’s location based on information input and through a partnership with Aon Benfield’s Impact Forecasting capabilities and analysis of catastrophic exposure; and a risk “matrix” that plots the potential severity of jurisdictional issues and catastrophic exposures on a construction project.
Aon Risk Solutions developed this interactive platform with assistance from Johnson & Bell, a real estate and construction litigation firm, and one of several information partners with which Aon has on retainer.
“The Construction Risk Portal will allow our clients and colleagues to have access 24-hours a day, seven days a week to statutory developments, case law, risk trends and regulatory updates,” says Matt Walsh, Executive Vice President and Chief Broking Officer of Aon Risk Solutions’ Construction Services Group.
Aon now includes access to this portal as one of the services it offers to clients, says Walsh. The plan is to add other applications in 2015, which Walsh says could revolve around safety drivers, contractual issues, and information about risks in other countries, such as Canada.
Related Stories
Architects | Apr 5, 2018
Tech Report 5.0: The Human Touch
Can studying humans at a behavioral level produce better buildings? Cognitive architecture experts are working to find out.
Architects | Apr 4, 2018
How to acquire speaking engagements and hone your skills
So, you understand the benefits, but how do you actually get started with speaking engagements?
Architects | Apr 4, 2018
8 things to consider before using digital media to communicate with employees
The Marlin Company, a visual communications and digital signage provider, published a guide that outlines eight basic questions, along with some advice, about workplace digital signage.
Education Facilities | Mar 30, 2018
How can we design safer schools in the age of active shooters?
How can we balance the need for additional security with design principles that foster a more nurturing next-generation learning environment for students?
Architects | Mar 26, 2018
Designing for homeless facilities: Critical spaces to consider
The City of San Diego is home to the fourth largest homeless population in the U.S.
Education Facilities | Mar 23, 2018
An introvert's oasis: How to create learning environments for all student types
In order to understand why a school day can be so grueling for an introverted student, it’s important to know what it means to be introverted, writes NAC Architecture’s Emily Spiller.
Architects | Mar 22, 2018
The benefits and nuances of integrated design
Achieving integrated design usually means operating under a strong relationship.
Architects | Mar 14, 2018
Becoming nature: The building design evolution meets the living building revolution
With the environmental movement, sustainability became a marker of innovation in design for the built environment.
Office Buildings | Mar 12, 2018
Sound advice on workplace design
Thoughtful design, paired with a change management program to educate staff, can both enhance connectivity and minimize distractions.
Architects | Mar 9, 2018
Designing healthier buildings: Fitwel certification system
The Fitwel certification system is relatively simple and involves registering a building on a custom scorecard.