When working on new construction or refurbishment projects, planners, architects and engineers typically pay sufficient attention to meeting code requirements, particularly around life safety. But using best practice to address property risks is also important, especially for high-valued equipment or where key services could be interrupted.
A new construction or refurbishment project is often covered by a Contract Work policy whilst in progress, but while this insurance covers the area being worked on, it provides only limited cover for exposed existing facilities which can be at risk from the work. When a new building or project is completed, Unimutual will take on the risk – and that includes any risks not adequately considered during the design and construction phases. For that reason, we ask that members discuss major projects with us so we can review the risk control measures to be incorporated in the design at an early stage and if necessary have input into any aspects posing risk exposures.
If risks (beyond those of life safety compliance) are not considered at an early stage, they can later become the subject of a risk mitigation recommendation – either as a result of a risk assessment after handover or worst case as a result of a loss. If appropriate measures can be identified in the design phase or in even in the early stages of construction, it is more cost effective and efficient to address issues at those stages rather than as a retrofit which will typically be at higher cost.
Use of higher risk construction materials or design can, in the longer term, adversely impact a Member’s risk profile. Incorporating best practice for new facilities will also either help maintain or improve the risk profile of the site over time
As a rule of thumb, Unimutual should be consulted for new facilities or refurbishments with a project value greater than $20 million. Even if an individual project value is less than $20 million, we would ask that a member also contact us if the completed works will involve:
Even if an individual project does not meet any of the above criteria, there are some changes that could impact a member’s ongoing risks, in which case please contact us to discuss the proposals and risk mitigation measures. Examples include:
If your project meets any of this criteria, please let us know early on and let us help you review the risks involved. To enable a risk review, the following information should be provided:
If you have any concerns, irrespective of the size of the project, Unimutual is available to support your risk management needs.
If you have a construction project planned or started, use the following flowchart to determine your next steps:
|Greg Burton||Senior Risk Engineer, 0456 876 386, (02) 9250 2888, firstname.lastname@example.org|
|Simon Iliffe||Risk Manager, 0407 556 323, (02)9250 2818, email@example.com|
|Christine Cummings||Member Services Manager (02) 9250 2806 firstname.lastname@example.org|
|Kerry French||Member Services (02) 9250 2823, email@example.com|
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