
Managing the Transition: Builder’s Risk Expiration and Permission to Occupy
June 2, 2026BY GEOFFREY J. MILLER, ESQ.
Every company manages risk, but not every company needs a full-time risk department. The right structure depends on transaction flow, internal capacity, broker capability, and the company’s long-term goals. Some companies gain the most value from full outsourcing; others perform best with internal leadership supported by outside expertise; many land somewhere between the two.
This paper is written for real estate owners, developers, lenders, and investors weighing how to structure that function. We explain when outsourcing creates the most value, when keeping the work in-house is the better answer, and how a hybrid approach can combine the two.

