Builder's Risk Insurance

Construction projects are facing increased pressure for on-time completion and profitability against increasing premiums and deductibles. Traditional Builder’s Risk insurance transfers risk after a loss occurs but does not focus on actively reducing the likelihood or severity of losses while cover is in effect.

Insight Risk delivers commercial Builder’s Risk insurance programs designed for today’s risk landscape on vertical ground-up and renovation projects, combining specialized underwriting expertise with integrated IoT RiskTech solutions. This bundled offering helps prevent claims from water, fire, or security issues before they happen. In exchange for deploying technology, policy holders receive premium and deductible relief.

When risk is actively managed, projects stay on schedule, investments are protected, and insurance programs perform better.

At Insight Risk, our IoT technology doesn't just help prevent losses; it helps lower the overall cost of risk.

Exclusive to our Builder's Risk clients, our technology-enabled programs can:

Provide premium credits of up to 20% at binding.
Significantly reduce water damage deductibles.
Provide technology rental rates that are 40% or more below typical market pricing.

By combining insurance and loss prevention into a single solution, our clients gain access to financial benefits that simply aren't available through traditional Builder's Risk policies.

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Alert Response Credit

Save up to 50% on your water damage deductible for responding to potential water loss events quickly!

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Deductible Assurance

Significantly reduce your Builder's Risk water damage deductibles to as low as your AOP deductible with this first-of-its-kind program.

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EXAMPLE 1
EXAMPLE 2
EXAMPLE 3

Project: Conversion of a 10-story, 56,384SF Masonry Non-Combustible building into residential condos in Northeast U.S.

Term: 24 months

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Non-Combustible

Wood Frame

Target Classes

TIV Target (Average)

Occupancy

CAT Limits

Policy

Key Technology

Territory

Capacity

Non-structural renovation, office-to-residential conversion, Fitout, New works, Non-combustible or better

> $60 million ($100 million)

Offices, Education, Healthcare, Multi-Family

Critical CAT is <40% Limit Offered per appetite guide while Non-Critical has Limits Offered

Lead / 100% focus or Follow line capable

Environmental Sensors and Flow Monitoring

50 U.S. States

$300 million Surplus lines (Admitted on certain risks)

Podium style, Garden style, CLT/engineered wood, Wood Frame

> $30 million ($70 million)

Multi-Family, Garden style

Critical CAT is <25% Limit Offered per appetite guide while Non-Critical has Limits Offered

Follow line focus and Lead line capable

Environmental Sensors, Flow Monitoring, CCTV, Non-camera Security

50 U.S. States

$5 million Surplus lines

Bundled with comprehensive, A- or better rated Builder’s Risk insurance coverage, each Insight Risk IoT technology solution is designed to meet the specific needs of each project.

Environmental monitoring (water detection, temperature, humidity)
Water flow metering
Remote shutoff capabilities
Security and motion detection

Technology deployment is managed through Insight Risk’s White Glove model, handling design, coordination, and oversight to minimize operational burden on the project team. Each solution also includes a custom-designed prevention and response plan, 24/7 monitoring with instantaneous notification of potential loss events via text message, email, and in-app alerts, and periodic status reports including alert details, estimates of averted losses, and other risk control insights that help our clients learn from experience how to manage risks more effectively.

Innovative Underwriting

Loss-cost first, granular underwriting produces competitive quotes tailored to specific customer needs and exposures, including the impact of deploying risk mitigation.
Instant Alerts

Environmental sensor and site security solutions provide instant alerts to promote rapid response and resolution of potentially serious events such as water leakage or rapid temperature change.
Time & Cost Optimization

Our technology deployment model optimizes hardware, monitoring, and management costs and promotes premium and deductible benefits.
White Glove Service

With experience on hundreds of technology deployments, our specialists deliver exceptional, value-added services from project inception to close-out.
Risk Engineering

We offer customizable site-wide risk control surveys during the technology installation and activation process.
Reporting & Analytics

Reports including alert details, estimates of averted losses, and risk insights are provided to learn additional ways to manage risk more effectively.

Preventing A Major Water Loss

When a 165,000-square-foot building under renovation faced potential water damage, Insight Risk saved the day — twice.

Read the full story at Insight Risk's Blog.

View Case Study

Let's Talk

Every construction project carries unique exposures. Insight Risk partners with contractors, owners, brokers, and carriers to design Builder’s Risk programs that reflect real-world conditions, not generic templates.

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