If you are a building developer, you face a fundamental question when a multi-family project moves forward, "What type of construction do I invest in?" Hazard mitigation is one key consideration due to its impact on insurance and other costs.
Fortunately, it's possible to take a strategic, calculated approach to mitigating risk. MIT's Break Even Mitigation Percent (BEMP) Model guides decisions regarding hazard mitigation costs. In one example, a $340,000 hazard mitigation investment in a $10 million commercial structure is made up through reduced insurance premiums and other savings.Read post