Risk Management

A cybersecurity attack can happen quickly and be devastating

Here’s a game plan for surviving construction defect litigation.

SBCA members are helping fellow CMs evaluate their cybersecurity

With respect to your business, what do you dwell on before you go to sleep? What’s the first thing you think about when you wake up in the morning? If I were to hazard a guess, I would say the most common answer in our industry right now is related to labor challenges and greater production. Given all we have been learning at the SBCA meetings over the past year, I would argue we also need to be constantly focused on our exposure to risk.

One of the most valuable reasons to attend SBCA meetings are the unexpected things you learn. At the most recent Board meeting in San Diego, it was mentioned during the IT Committee report that they were discussing ways to educate component manufacturers (CMs) on the risks and impacts of ransomware attacks.

Why quarterly insurance policy reviews are important.

Question: 

What level, if any, of responsibility does a CM assume if the contractors on the jobsite use our layout plans to do more than just put the walls together? Specifically on the job in question, the panel layout was used to place plumbing for a kitchen island. Unfortunately, the layout had the pony wall for that island out of place by 11”. As a result, there is additional work needed to relocate the plumbing.

Do you know how much coverage you have or what to do if a collision occurs?