The new RiskPro 7 Workshop was created to assist members to identify, manage and mitigate the property and liability risks attributed to extreme weather events.
As in previous years, RiskPro 7 covered both property and liability exposures but with a distinct focus on property and liability exposures related to environmental events such as floods, fires, windstorms and hail. Water and weather related claims continue to comprise almost 50% of our property claims annually. We addressed the importance of regular property inspections and maintenance if extreme weather is not considered the greatest threat in your individual area.
The RiskPro 7 workshop identified the errors and omissions (E & O) exposures that arise from zoning, planning, and by-laws relating to the MGA act. Members learned how important an effective and well thought out policy is and how your risk management may impact ratepayers and the environment including orphan wells, old landfills and river valley cliffs.
RiskPro 7 also covered:
- Pre & post loss mitigation as it relates to mold and water related events and sewer backup in general in addition to flooding.
- Property issues with special attention given to losses related to property upkeep.
- How all members can work to reduce losses, in general, by being more proactive in managing their Capital Assets with regular inspections and maintenance.
For more information please contact:
Risk management Advisor