As the original all-encompassing learning and networking event on facilities and how to manage them, World Workplace remains the gold standard in facility management education, knowledge exchange, career development and professional network building. Hosted by the International Facility Management Association (IFMA), World Workplace facilitates idea sharing and best-practice exchange between all professionals who support the built environment. Held annually in a different U.S. city with event programming focused on the latest topics of interest and concern to FM, World Workplace offers a new experience each year.
What All Facility Managers Should Know About Risk Management
Jeremiah Welch, Partner, Saxe Doernberger & Vita, P.C.
Friday, December 11, 2020 from 11:45 AM – 12:45 PM Central
Effective risk management processes, including contractual risk transfer and insurance protections from downstream parties, are at the forefront of a successful facility management practice. Yet, the industry’s heavy reliance on third-party vendors and service providers creates a complex risk management system that can be difficult to navigate without the proper resources and expertise in place. Specialized legal counsel can provide guidance regarding industry-specific risk transfer procedures; but, as a general practice, facility managers can mitigate risk using three simple tools: 1. contractual indemnification and defense agreements, 2. vendor-specific insurance requirements, and 3. ongoing insurance review protocols. Utilizing this three-step risk procedure, coupled with the guidance of legal counsel, will help minimize financial risk and will distinguish effective project managers from the industry’s status quo.
To learn more, visit the conference website here.