Construction Risk Management Symposium

About the Conference

Friday, February 8, 2019
Westin Baltimore Washington Airport
1110 Old Elkridge Landing Road
Linthicum Heights, MD 21090

Please join us on February 8, 2019 for a program that will discuss the evaluation and avoidance of significant risks facing modern building and development projects. The speakers will address best practices to mitigate risks threatening operations in the construction industry, including risks with data security, cyber threats, labor and employment. Gain an understanding of best practices to guard against and respond to a cyber breach, and hear the ways in which current labor and immigration matters impact liability in the industry.

The morning symposium will feature an interactive keynote conversation with Ben Evans, associate vice president of Risk Management & Insurance at the University of Pennsylvania and Jeffrey Spatz, assistant vice president at The Graham Company. They will discuss the innovative risk management practices that are being implemented into PennMedicine’s new $1.5 billion hospital tower project at the Hospital of the University of Pennsylvania, which includes 1.5 million square feet of space throughout 17 floors. This project is considered to be one of the largest, most innovative projects on the East Coast.

Panel 1 - Cyber Security – Mitigating and Insuring Against Your Growing Risks

As the engineering and construction industries become more and more digitally connected, the risk and potential costs of a data breach also goes up.  More and more, our critical infrastructure and our industrial and commercial facilities are at risk.  This program will discuss how to guard against and respond to a potential data breach and third party attacks.  We will explain Best Practices for developing sound Cyber Security policies, an Incident Response Team and the considerations and strategies for minimizing third party claims, business interruption costs, data restoration expenses, and potential fines or penalties.  We will discuss responding to Cyber incidents, including retaining a forensic IT professional, notifying law enforcement and notifying clients and stakeholders.   We also will discuss how to manage client communications and how to deliver a clear and consistent message as well as the time limitations on various notifications required by state and federal laws.  Unfortunately, even with the utmost diligence, not all Cyber risks can be eliminated.  In those circumstances where the bad guys “win”, it is increasingly important to have insurance in place to cover the potentially significant direct and indirect costs of a cyber breach.  We will address how the insurance industry views Cyber risks and what your organization can do to insure against them.

Panel 2 – Current Labor Risks in a Rapidly Changing Environment

Employees are one of a construction company’s biggest assets and biggest challenges. In this hour long session, our panelists will tackle the concerns that companies face during all facets of the employment life cycle and provide tips on how to manage risk. Throughout this session, we will discuss hiring risks such as background and drug testing, compliance risks such as Maryland’s new sexual harassment law, leave law and wage and hour requirements, and termination risks such as discrimination and whistleblower concerns.  State regulation of the employment relationship is at an all-time high.  To assist in compliance, our panelists will provide takeaways for our audience to assist in development of policies and practices which not only meet legal requirements, but will go a long way to establish a culture to retain top talent in order to build and grow your construction business.

Testimonial Body: 

Identify, Measure and Mitigate – Streamlining Your Risk Management Process