Whether you're seeking Builder's Risk insurance coupled with a bespoke IoT technology solution, or only looking to add loss control technology to a project or existing building, read on to see how Insight Risk is supporting commercial structures of all types across the country, from a high-profile renovation on a well-known U.S. landmark to installing a custom water damage prevention solution for a multi-million dollar luxury hotel.
Recent Win #1: National Monument Renovation
Project Size: $30m
Type: US National Monument
Location: New York
With multiple stakeholders involved, this high-profile renovation project for one of the United States’ most recognized monuments required the utmost level of coverage while aligning with the budget funded through private donations and taxpayer dollars.
Insight Risk’s included IoT water damage prevention technology solution was selected for the “peace of mind” and customization, which included adding sensors outside of the construction areas to protect critical historic artifacts.
Recent Win #2: High School Addition & Remodel
Project Size: $90m
Type: K-12 Education
Location: Virginia
In order to better serve an increase in students, this 80,000 sq ft addition to, and renovation of, an existing 200,000 high school had very little room for delay.
Utilizing Builder’s Risk insurance placed by Insight Risk with IoT water damage prevention technology gave the customer and contractor the assurance of minimizing potential delays due to water damage and other cold weather claims. Insight Risk was able to pre-negotiate premium and deductible relief with the carrier to the point that this technology was net $0 for the contractor.
Recent Win #3: Headquarters Construction
Project Size: $10m TIV
Type: Commercial
Location: New York
Renovating an existing four-story townhouse into the headquarters for an international political consulting company came with challenges, including the addition of a fifth story and elevator while preserving 50+ year old wood elements and decorations in the original building.
The contractor chose to work with Insight Risk specifically for the IoT water damage prevention technology, which was installed and operational within two weeks of binding the policy.
Insight Risk clients receive insurance protection from highly-rated carriers, technology-enabled loss control and prevention, and potential policy benefits including premium and deductible relief, all contributing to better projects and lower TCOR (Total Cost of Risk).
Interested in a quote? Talk to our team today about The Insight Risk Advantage.
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