Aon tool sorts construction risk profiles for variety of jurisdictions
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The construction services group at Aon Risk Solutions has launched a web-based tool to help clients manage the risks posed by working in multiple locations.
The Construction Risk Portal comprises a risk map and register, which detail specific construction risk issues in various jurisdictions, while allowing clients to create risk profiles based on contributed data, Aon said in a statement released Tuesday.
The risk map, a construction risk reference library, outlines specific risk issues that contribute to a jurisdiction’s overall construction risk rating, including litigation environments, legislation and insurance requirements, according to the statement.
Clients can also contribute data to the risk register, which then produces a project- and location-specific risk profile that includes jurisdictional issues, such as state-specific statutes and case law; catastrophic risk exposure, such as windstorms and earthquakes; and a plot of the severity of the risks that may affect a construction project, Aon said in the statement.
“As the construction landscape continues to grow, contractors entering new states continually express frustration when confronted with differences in regulation, statutory requirements and hazard risks between geographies,” Construction Services Group Executive Vice President Matt Walsh said in the statement. “The Construction Risk Portal will allow our clients and colleagues to have access 24 hours a day, seven days a week to statutory developments, case law, risk trends and regulatory updates to help facilitate the understanding of these dynamics.”
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