Carriers

As an insurance carrier in the commercial Builder’s Risk market, achieving lower loss ratios often seems the luck of the draw. The typical response is to increase deductibles in the hope that fewer paid claims will drive loss ratios down.

However, industry data shows that the bulk of paid losses relates to larger, not smaller, claims. In fact, for water damage alone – the biggest component of today’s Builder’s Risk loss ratio – only 11% of claims produces 83% of total losses. Clearly the best solution would be to eliminate large claims. But how?

Underwriting Meets Risk Management

Insight Risk’s unique bundled product combines comprehensive Builder’s Risk insurance with advanced IoT loss prevention technologies that help reduce loss exposures and deliver better portfolio outcomes.

Our underwriting and technology teams collaborate with stakeholders on each project to provide the best possible insurance program combined with a custom-designed technology solution to meet project and insurer requirements. From sophisticated environmental sensors to site-wide security systems, Insight Risk optimizes functionality and cost using its broad network of quality technology manufacturers.

Recognizing the benefits of professionally managed risk management systems, many of our carrier partners provide policy benefits in return for the deployment of our solutions. These benefits can include premium credits, deductible relief, and customer-friendly modifications to terms and conditions.

With hands-on experience involving hundreds of jobsite deployments, Insight Risk brings together stakeholders from across the construction ecosystem to achieve the common objective of avoiding preventable losses.