| A risk profile is a structured management tool
for identifying the various exposures associated with an operation. Typically, a
risk profile will encompass a review of an organization’s operations with a focus on
administrative strategies/protocol for reducing or managing particular risks.
Neither professional liability risk nor environmental risk should be exempt from
this process. As a matter of fact, many construction firms are now creating stand
alone Professional Liability Risk Profiles (PLRPs) and Environmental Risk Profiles (ERPs)
to specifically address each area of liability. Such a process adds to any firm’s ability to systematically identify such risk and effectively manage it. Below is a list of both PLRP and ERPs for construction firms which identify some of the major exposures associated with such services. These risk profiles can be used to begin the creation of an organization-specific PLRP or ERP, which should also include the impact such exposures can have on the firm, as well as the risk management strategies available to the firm. The following tools are password protected. Click here to request a password. Risk Profiles
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