The Building Podcast

Mark talks to Louise Lado-Byrnes

Mark Wakeford Season 1 Episode 56

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Integrated Project Insurance

Construction can be a tough industry that often pits professional against professional or specialist against contractor against clients.  All are defending paper-thin margins, claims on their insurances or their reputations.  “There must be a better way” said Louise Lado-Byrnes before she found Integrated Project Insurance.

Join Louise as she talks through the way that Integrated Project Insurance (IPI) works and the benefits of a system that re-writes the processes that deliver success.  IPI effectively creates a virtual company around the project, bringing its own insurances, including a loss policy in case the project costs exceed the budgets.  The success of the process starts with an output specification, rather than the traditional input specification.  This allows the whole team to contribute to the answer and to manage the risks and opportunities available to meet the client brief.

Further information is available from IP Initiatives at https://www.ipinitiatives.co.uk/

Technical Independent Risk Assurers (TIRA) on the projects to date have been:

Seco:  https://groupseco.com/

Thomas Miller: https://www.thomasmiller.com/ 

The Financial Independent Risk Assurers on projects to date (FIRA):

Artelia: https://www.arteliagroup.com/

Rider Levett Bucknall https://www.rlb.com/europe/ 

IPI brokers are:

Marsh JLT https://www.marsh.com/en/home.html