Risk Manager
PROTECT YOUR BALANCE SHEET.
Water damage is unusual as a risk category because it's highly preventable with the right monitoring in place; unlike fire or seismic events.
That makes LIKK H2O the kind of service a risk manager can point to as proactive loss control, which has real value with boards, lenders, and insurers alike.
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; a single event can cost hundreds of thousands of dollars in rework
• 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, which can affect draw schedules and bonding capacity
• Reducing the risk of mold, which is both a health liability and a construction defect claim waiting to happen
Risk Manager at a Real Estate Portfolio Management/Ownership
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; you know which assets are most exposed at any given time
• Enabling faster incident response, which directly limits severity and claim size
• Supporting carrier negotiations ; demonstrating that properties are actively monitored can lead to better terms or lower deductibles
• Satisfying covenants in loan agreements that require evidence of property risk controls
• Providing data to prioritize capital expenditure on aging infrastructure before it fails