Risk Manager During Construction
During active construction, water is one of the biggest uncontrolled risks on a site. A service like LIKK H2O could help by:
• Detecting water intrusion early in partially enclosed structures before interior finishes are damaged
• Monitoring temporary plumbing connections that are prone to failure during phased construction
• Providing documentation that supports insurance claims or defends against subcontractor disputes
• Helping meet lender or surety requirements around site risk management
• Reducing the risk of mold, which is both a health liability and a construction defect claim
Risk Manager at a Real Estate Portfolio
The portfolio risk lens is more about frequency and aggregation. Water is typically the #1 cause of property insurance losses by claim count. A monitoring platform helps by:
• Creating a real-time risk map across the portfolio assets most exposed
• Enabling faster incident response, which directly limits severity and claim size
• Supporting carrier negotiations; demonstrating properties are actively monitored
• Satisfying covenants in loan agreements that require evidence of property risk controls
• Providing data to prioritize capital expenditure on aging infrastructure