Mass timber construction is gaining traction for its sustainability and efficiency, yet it brings distinct insurance and risk management challenges that require industry collaboration and proactive strategies. Key Takeaways from this Article:

• Mass timber offers both environmental and economic benefits, such as lower carbon emissions and faster construction. As the need for sustainable solutions grows, managing risks like fire safety and water damage is key to maximizing its potential.
• Limited historical data on mass timber makes it challenging for insurers to develop comprehensive underwriting practices. Gathering data and educating stakeholders will be crucial to support the increasing demand for mass timber projects.
• Businesses can mitigate mass timber risks and optimize its construction benefits by planning early, ensuring strong moisture management and partnering with skilled insurance brokers.