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Alternative Ways to Finance Today's Risk in Construction

$55.00
Member price: $45.00

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If you are interested in purchasing any product on someone's behalf or you need to place a bulk order, please contact Mike Elek at (609) 945-2412 or at melek@cfma.org. 

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Insurance is simply a way to finance your risk and transfer it away from your company's assets. In many cases, companies only know about the guaranteed cost offerings within the insurance world. In this session, you will learn about all options available when it comes to financing your risk. We will dive into the details of the following types of programs: retros, high deductible plans, self-insurance plans, captive options, and others.

After this session, you will be able to:

  • Recognize the differences between all types of insurance programs and how each program works, what it takes to get into these programs, and who offers them
  • Identify what information is important to evaluate and needs to be gathered to help you make an educated decision about each type of program
  • Identify the steps to process the data needed and make an educated decision on which program is best for you
  • Recognize the upsides and potential downsides of each program
  • Calculate the financial impact of each program and determine if it makes sense for your company

Level & Prerequisites
This program is an online self-study course that was developed for construction financial professionals with 0-3 years of experience in construction finance. No prerequisites or advanced preparation is required.

CPE Information
Earn .5 CPE credits in the field of Management Services upon successfully completing this course and achieving at least 70% on the final exam.

CCIFP Information
Earn .5 CCIFP Professional Development credits which can be applied to either the General or Construction Knowledge category.

CPE Note
Please note, Alternative Ways to Finance Today’s Risk in Construction was reformatted from a previous session from CFMA’s 2024 Annual Conference and learners are only authorized to claim CPEs for this course once.

Course Length

The estimated time to complete the course and final exam is approximately 50 minutes, depending on the pace of the learner.

Who should take this course?

  • Business Owners
  • CFOs
  • Construction Financial Professionals
  • Contractors
  • Controllers
  • CPAs
  • Professional Advisors
  • Risk Managers
  • Subcontractors

Contributing Developers

  • Brantley Somma, Assistant Vice President, McGriff Insurance
  • Jeremiah Bretl, Business Development Executive, Captive Resources Inc.

CFMA Colleague Discount
If you are a CFMA member and would like to enroll someone at your company in this course who is not a CFMA member, please contact CFMA at education@cfma.org for more information.

CFMA Group Discount
If you are interested in registering a group of individuals at your company, please contact CFMA at education@cfma.org for more information.