Principles of Risk Management

Presented by: Michael Buchanan, 2-10 Homebuyers Warranty Principles of Risk Management 1. Risk Management Basics a. Understanding the puzzle of risk b. Techniques for indentifying and handling 2. Risk Shifting a. Subcontractor selection b. Subcontractor work agreements c. Certificates of Insurance and understanding them d. Builder administration of contracts - Sales agreements and more 3. Transfer of Risk a. Sources of liability to the builder b. Builder insurance needs c. Insurance options d. Warranty programs 4. Risk Assumption a. Avoidance b. Self-insurance, deductibles c. Limit assumption of risk 5. Risk Reduction a. Jobsite Safety b. Quality Control c. Buyer Relations d. Customer Service e. Records and documentation This seminar is composite of the 9 educational modules. It is an overview on process of understanding risk and knowing methods available to deal with it.