Mass Timber Insurance Playbook
The Mass Timber Insurance Playbook explores the challenges and solutions associated with insuring mass timber buildings. It provides a comprehensive guide for addressing fire, structural, and water risks related to mass timber construction. By detailing risk mitigation strategies and best practices, the playbook offers insights for insurers, developers, and policymakers to promote the use of sustainable timber while ensuring safe and insurable construction projects.
Key Takeaways
- Fire Risk Management: Highlights the need for rigorous fire protection strategies in timber buildings to satisfy insurance requirements.
- Water and Moisture Control: Addresses risks from water exposure during construction and throughout the building lifecycle, emphasizing proper design and construction techniques.
- Collaborative Approach: Encourages collaboration between developers, insurers, and regulators to create transparent risk assessment protocols for mass timber projects.
How It Can Help You
The Mass Timber Insurance Playbook is essential for insurers, architects, developers, and policymakers who are:
- Navigating the complexities of mass timber insurance.
- Seeking to implement best practices for mitigating fire, water, and structural risks in mass timber projects.
- Looking to foster industry collaboration and secure favorable insurance terms for sustainable timber construction.
Key Learnings
- Fire Protection: Insurers demand robust fire safety measures for mass timber, with emphasis on compartmentation and early detection systems.
- Moisture Management: Preventing water damage during construction and throughout the building’s life is critical to reducing insurance risks and costs.
- Partnerships are Crucial: Collaboration between developers, insurers, and regulators can help overcome barriers to insuring mass timber projects.
DATE: May 2023
