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Think Like an Owner 401
  • Think Like an Owner 401
  • Think Like an Owner 401
Think Like an Owner 401

Finance & Operations

Think Like an Owner 401

 This course unpacks risk management, contracts, insurance, and claims in the lighting industry, offering practical frameworks to help designers protect their firms, manage uncertainty, and respond effectively when challenges arise.

Featuring

Joseph W. Cooch
Lee/Shoemaker

Daniel M. Eggleston
Lee/Shoemaker

Buy all access courses

What You Will Get

10
Modules

Experts Videos
From Industry Leaders

Category:
Finance & Operations

Who Is the Course For

Lighting designers working as consultants or sub-consultants

Firm owners and studio leaders

Emerging professionals seeking to understand business risk

Outcomes You Can Expect

Identify common financial and legal risks in lighting and design practice and recognize early warning signs that may lead to claims or nonpayment.

Define risk tolerance and describe how a systems-based approach to risk management supports sustainable business decision-making.

Explain how contract language, insurance requirements, and delivery methods influence professional liability and exposure to claims.

Syllabus

10 lessons

Module 1 -Introduction

This video explains risk management in the construction industry, defining 'Cover Your Assets' (CYA) and emphasizing its evolution into a systematic approach to minimize risk, manage claims, and balance risk with reward.
Module 2 - Master Risk: Your Sweet Spot for Profit & Safety!

This video explains the components of a risk management system, emphasizing the interrelation of different systems to achieve an acceptable risk-return balance, and details two primary types of risks: non-payment and claims, along with strategies to mitigate them.
Module 3 - Master Risk Management: Avoid Claims & Get Paid!

This video explains risk management, focusing on understanding and avoiding risks related to non-payment and claims, with practical advice on contracts and project execution.
Module 4 - Avoid Lawsuits: Master Personal Injury Risk Like The Shining

This video discusses personal injury claims in the context of construction projects, using analogies and examples to explain how to identify, mitigate, and manage risks associated with potential lawsuits and insurance coverage.
Module 5 - Spot Red Flags: Avoid Project Nightmares & Lawsuits!

This video discusses identifying and managing project risks, focusing on 'red flags' that signal potential problems, and offers strategies for contract negotiation to mitigate these risks.
Module 6 - Dodge 'Red Flags': Nail Risky Projects & Win Contracts!

This video discusses identifying and mitigating project risks, particularly focusing on contract negotiation strategies for design-build projects and how to handle non-negotiable terms and leverage disparities.
Module 7 - Negotiate Contracts: Avoid UNINSURABLE Risks & Deal Breakers!

The speaker discusses the importance of understanding default risk and deal breakers early in contract negotiations.
Module 8 - Master Contract Risk: Unlock Insurance Secrets & Avoid Red Flags!

This video explains various contract clauses and risk management strategies crucial for professionals, covering default risk tolerance, limiting liability, standard of care, warranties, and the implications of "time is of the essence" and "duties to defend."
Module 9 – Master Risk: Insurance, Contractors,and Scope Secrets Revealed

This video explains various methods for reallocating risk in professional contexts, including insurance, contractual clauses, and clear scope definition.
Module 10 - Stop Surprise Construction Costs! Understand Betterment & A/E Claims

This video discusses responding to claims, focusing on architect/engineer issues, general contractor responsibility, and the legal principle of betterment, particularly in the context of cost impacts and omitted scope.

Real success from real learners

"I’m grateful to the panelists for their openness and willingness to share, it’s helping elevate the lighting design industry as a whole. Thank you!”

B. Lynch
Financial KPIs BOL’Discussions

"I liked the interactive and professional exchange between the speakers. It was a lively conversation with the different topics that come up in the office day-to-day, and the perspectives shared were valuable. Thanks a lot!”

L. Alanis
HR Managing People BOL’Discussions

"I was able to attend the most recent session, and I thought it was terrific. Thanks for continuing to produce top quality programming."

S. Rosen
HR Managing People BOL’Discussions

"Thank you to the industry leaders on today's call helping us little guys feel connected and inspired in a world where overwhelm is far too common."

D. Osickey
Financial KPIs BOL’Discussions

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