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RiskTech Solutions

Loss Prevention Through IoT Technology

Preventing The Leading Cases of Insurance Claims

Water, fire, and security are the leading causes of loss for construction projects and existing properties in the United States, driving insurance premiums and deductibles higher and reducing already thin profit margins. Beyond insured damages, incidents can cause delays, uncovered expenses, and reputational harm.

Proven IoT (Internet of Things) technologies enable early detection and rapid response that help prevent incidents, minimize loss severity, and protect project timelines and profitability.

But while the case is there for incorporating IoT solutions to strengthen risk profiles, general contractors, owners, and developers are met with four looming questions:

Man checking off items on construction paperwork attached to a clipboard with hard hat and construction tools nearby.

Why Insight Risk

Insight Risk provides IoT risk management solutions for ground-up and renovation of commercial construction projects and existing properties. Our technology-driven loss prevention programs help reduce water damage, fire loss, and security incidents that drive Builder’s Risk and property insurance claims and project disruptions.

Insight Risk manages every aspect of IoT solution, including design, procurement, deployment, and ongoing support. We focus on the needs of their stakeholders - contractors, developers, risk managers, brokers, MGAs, and carriers – and helping them prevent losses and minimize the impact of unforeseen events.

Decrease Severity and Frequency of Claims
Improve Insurance Policy Terms and Conditions
Maintain Positive Reputation in the Industry
Keep Projects and Properties On Time and On Budget

The Insight Advantage: White Glove Service

Insight Risk’s White Glove Service removes the operational burden of implementing and managing loss prevention technology to create safer and better-connected buildings and job sites.

Our team manages system design, vendor coordination, installation, and monitoring oversight – saving clients significant administrative time and internal resources. Every solution includes a dedicated loss control specialist focused on seamless execution and measurable results.

With hundreds of successful IoT deployments and more than 150 years of combined experience in construction, technology development, underwriting, and claims, Insight Risk delivers reliable, scalable programs from project inception to close-out.

Discuss My Project

Who We Serve

Insight Risk’s IoT-driven loss prevention programs are designed to create measurable value for every participant in a construction or property insurance program.

Cost-Effective IoT Solutions

Many contractors assume IoT technology costs hundreds of thousands of dollars. In reality, solutions are often more affordable, and in many cases are offset by deductible reductions and premium credits.

As an example, a client was quoted $550k by another vendor. After reviewing the project’s risk profile, we designed a more comprehensive solution for $70k while also incorporating additional technology options for enhanced protection.

As a result, the client:

  • Reduced their water damage deductible from $1m to $500k.
  • Received a premium credit from their carrier.
  • Gained broader protection at a fraction of the cost.

Because Insight Risk is vendor-agnostic and utilizes a rental model, clients benefit from lower design, installation, procurement, and administrative costs, without sacrificing protection. Actual costs vary by project size, duration, and risk profile, so contact us to get pricing for your specific project.

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Types of IoT Technology

These technologies provide instant notifications of potential loss events via text message, email, and mobile apps to promote rapid response and resolution of potentially serious events such as water leakage or rapid temperature change.

Our solutions go beyond hardware. Each deployment includes a custom-designed prevention and response plan and 24/7 monitoring. Clients also receive periodic reports with alert details, estimates of averted losses, and actionable insights that support continuous improvement in risk management practices.

  • Tech Install Webpage Graphics
    Water Leak Detection
  • Insight-Risk-Flow-Meter-1
    Water Flow Metering
  • Insight-Risk-Shutoff-Valve-1
    Water Shutoff Valves
  • Insight-Risk-Security-Mobile-Tower-1
    Security Cameras
  • Insight-Risk-Still-Security-Camera (1)
    Still Image Cameras
  • Insight-Risk-PIR-Light-Sensor-1
    Motion Detection
  • Insight-Risk-Temperature-Humidity- Detection
    Rate-Of-Rise
  • Insight-Risk-Magnetic-Contact-Switch-1
    Door Open/Close
  • Insight-Risk-Network-Gateway
    Network Gateways

How The IoT Process Works

Insight Risk partners with contractors, owners, risk managers, brokers, and carriers to understand each stakeholder’s goals.

We design and deliver customized IoT solutions aligned with coverage requirements, operational priorities, and risk management strategies.

Our loss prevention services can be obtained as part of Insight Risk's unique bundled Builder's Risk insurance package, or, for clients wishing to maintain existing carrier relationships, through a standalone model.

Insight-Riks-How-It-Works-Graphic-Iot-Tech-Mint-Background

Industries and Occupancies We Serve

Insight Risk offers loss prevention solutions for ground-up commercial construction projects, renovations, and existing structures in a variety of industry segments:

  • Commercial
  • Retail
  • Healthcare / Life Sciences
  • Educational
  • Institutional
  • Hospitality
  • Habitational
  • Events and Stadiums

IoT technology can be incorporated into any project at any time. For the best availability on receiving discounts from carriers for installation and better protection for projects and properties, it’s recommended to involve Insight Risk as early as possible so that the IoT solution aligns with the project’s specific requirements and protection needs.

Male construction worker in safety vest viewing a tablet held in his hands with a construction crane blurred in background.

Tech-Enabled Water Damage Buydowns

Lower your water deductible to as low as your AOP deductible AND reduce the risk of having to use it with Insight Risk's Deductible Assurance: the only water damage deductible buydown designed to help prevent loss in the first place.

Each buydown is powered by proven IoT water damage prevention technology that identifies leaks and abnormal water flow in real time, sending instantaneous alerts so the site team can respond before a potential water event causes costly claims.

Compatible with most U.S. Builder’s Risk policies, Deductible Assurance can be a valuable addition to MBR or project-specific program and insurance strategy.

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Project Spotlight:

Luxury Hotel in Indiana

When the owners of a $550M hotel project were required by their insurance carrier to install water damage protection technology, they reached out to Insight Risk. After understanding their specific requirements, our team designed and installed a tailored solution including water and humidity sensors and water flow meters, enabling the owners to meet their insurance requirements and manage their risk exposure with confidence.
Metal framed walls down hallway on commercial construction project.

Resources

Let's Talk

Whether you want more information about process and technologies to determine if we're a fit for you or ready to purchase an IoT solution, reach out to discuss how we can work together to reduce losses and keep job sites moving.

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