Project Risk - Holmes Murphy

Project Risk

Construction projects involve multiple stakeholders with competing priorities, risks, and objectives. Success depends on creating alignment and managing risk proactively.

Project Risk Group helps identify risk early, improve transparency, and bring all parties together around a common strategy. By providing clarity and certainty throughout the project lifecycle, we help teams make better decisions, achieve stronger outcomes, and ensure project deliver on time & on budget.

Plan with Confidence

From delivery methods and contract structures to financing considerations and project risk insurance strategy, we help project teams identify risk early and build a framework that supports successful outcomes.

Structure for Success

Complex projects require quality policy placement, but it cannot stop at a transaction. Forecasting budgets, recognizing market cycles early help capture both opportunity and avoid preventable budget surprises.

Deliver with Certainty

Beyond any product, complete course of construction expertise, guidance, and ongoing insight, we help teams manage exposures confidently throughout the project lifecycle.

Get to Know Holmes Murphy’s Construction Project Risk Leader

What Makes Project Risk Group Different?

Every construction project brings together owners, developers, contractors, suppliers, lenders, and design professionals – each with unique responsibilities, risks, and objectives. The challenge is creating alignment across all parties so the construction project risk becomes an opportunity rather than a barrier to success.

Holmes Murphy’s Project Risk Group provides a business-first and project-minded approach to construction risk management, helping project teams identify exposures early, improve cost transparency, strengthen contractual certainty, and build confidence throughout the project lifecycle.

By focusing on the project – not individual interests – project partners better navigate complex delivery methods, financing structures, and construction project risks. Outcomes include improved collaboration, increasing project cash flow, and creating greater certainty from pre-construction through completed operations.

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Include Builders Risk in Your Construction Risk Management Blueprint

Builders risk is more than a coverage requirement – it’s a critical component of project certainty. Our team helps owners, developers, contractors, and lenders structure builders risk solutions aligning with project goals, financing requirements, contract obligations, and construction risks. Through Holmes Murphy’s Project Risk Group, we bring together the expertise, market relationships, and strategic guidance needed to protect projects throughout the course of construction.

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Project Risk Insurance Frequently Asked Questions

What is project risk insurance?

Project risk is a practical business minded approach to protecting construction projects from financial losses caused by unforeseen events. Rather than insurance procurement, project risk insurance may include one, none or many project based coverages, such as builders risk insurance, controlled insurance programs, specialty peril, default risk, and other project-specific insurance coverage designed around the unique exposures of a project.

What is contractors all risk insurance?

Contractors all risk insurance is a form of coverage designed to address property damage and certain third-party liability exposures that may arise during construction. It is often considered as part of a broader project risk insurance strategy for complex construction projects.

How does construction risk management improve project outcomes?

A proactive construction risk management approach can improve budget accuracy, increase cost transparency, strengthen contractual certainty, support project cash flow, and reduce the likelihood of delays or disputes. The result is a more predictable path to successful project completion.

Does Project Risk Group only provide insurance solutions?

No. While insurance placement and builders risk expertise are important components, Project Risk Group focuses on the broader project strategy. Our role is to help stakeholders understand project risks, evaluate risk transfer options, improve collaboration, and create alignment around successful project outcomes.

When should you involve a project risk management team in the construction timeline?

The earlier a project risk management team is involved, the better. Early engagement helps identify risks, review insurance and contract requirements, and address potential issues before construction begins. If challenges arise later – such as schedule changes, new project partners, contract revisions, labor shortages, or economic shifts – a project risk management team can help minimize disruption and keep the project moving forward.