Management Consulting
Aon
Full Credential Description
Modern methods of construction (MMC) present unique challenges and opportunities for organizations in the construction industry. Aons client, facing the complexities of adopting MMC, needed to navigate the evolving risk landscape associated with these innovative building techniques. The primary concern was securing appropriate insurance coverage, as MMC can alter the risk profile of a building during both the design and construction phases, as well as once the building is operational. To address these challenges, Aon recommended early engagement with insurers, emphasizing collaboration among all stakeholders, including designers and project managers, right from the design stage. This proactive approach aimed to ensure that the building met the insurability requirements and to avoid costly modifications later in the process. Aons expertise in MMC allowed them to provide valuable insights into the insurance landscape, helping the client identify potential cost savings and alternative strategies that could enhance the projects risk profile. The results of this tailored solution were significant. By implementing Aons recommendations, the client was able to secure affordable insurance for their MMC project, which not only mitigated risks associated with fire hazards and construction delays but also aligned with their sustainability goals. The early involvement of insurers contributed to a smoother construction process, reducing the likelihood of accidents and delays due to adverse weather conditions. Ultimately, this strategic approach not only safeguarded the project but also positioned the client to leverage the benefits of MMC, such as faster build times and reduced construction costs, while ensuring compliance with safety and insurance standards.