In evaluating property risks, what does the 'C' in the COPE acronym stand for?

The 'C' in the COPE acronym stands for Construction. COPE is a tool used in risk management to evaluate property risks, and it stands for Construction, Occupancy, Protection, and Exposure. Understanding the construction of a building is crucial because it encompasses the materials used, the design, and how the structure was built, all of which can affect the risk of loss due to hazards such as fire, weather events, or other physical damages. For instance, buildings constructed with fire-resistant materials may have lower fire risk compared to those built with more combustible materials. This focus on construction helps insurers and risk managers assess the level of risk associated with a property, enabling better risk mitigation strategies and appropriate coverage.