Risk management is part of effective project management. In large complex projects, proper risk management, including the use of insurance, can contribute a lot to the project success. At the same time, the observed practice is to leave insurance issues for the last minute or its insufficient recognition what introduce unnecessary nervousness (e.g. at the financial closing).
In addition, if the initiative involves taking over a part of the company or the existing project, it is necessary to take into account historical events and to examine whether existing insurance solutions properly secured them. Hidden or underestimated liabilities and risks may have a negative impact on the financial objectives of the initiative.
With riskChallange, you can properly manage insurance matters at the stage of the project feasibility study to avoid unpleasant surprises later on.
Our experts can also support in the due diligence process carried out for the Investor as well as in favor of the financing institution.