Mass timber is the future 鈥� but can we insure it? High insurance rates are a barrier for scaling mass timber construction in B.C. and beyond.
Advancing mass timber: Risk mitigation and insurance strategies for a thriving sector
How do we reduce risk and increase insurer confidence?
Our new guide explores three actionable pathways for industry players to collectively take:
Pathway A: Establishing a quality assurance program Third-party verification can ensure consistent, high-quality construction, increasing insurer confidence
Pathway B: Establishing shared protocols and standards Standardized, evolving protocols can support insurers鈥� risk evaluation, especially for moisture mitigation, repairability, design and long-term building performance
Pathway C: Enhancing mass timber training programs Standardized, quick-to-complete, industry-recognized training can ensure workers meet baseline competency requirements and reduce project risk
