Comprehensive Underwriting Meets Tech-Enabled Risk Mitigation
Insight Risk’s MGA has joined the Innovative Program Solutions (IPS) platform. Insight Risk is a technology-focused Builder’s Risk MGA that deploys IoT water damage prevention alongside sound underwriting to reduce construction property losses, delivering up to a 90 percent reduction in water damage claims. The partnership brings a proven, tech-driven model to the IPS platform and gives our carrier and broker partners access to smarter risk management in the Builder’s Risk space.
Insurance Built for Today’s Construction Environment
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.
Tech-Enabled Savings
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 reduced water damage deductibles, and 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.
Alert Response Credit
Save up to 50% on your water damage deductible for responding to potential water loss events quickly!
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.
Pricing Samples
Most Builder’s Risk policies rely on inspections and reactive claims management.
Insight Risk integrates proactive IoT monitoring into our programs to address the leading drivers of loss: water damage, fire exposure, and security events. The results speak for themselves:
- Fewer / less severe claims
- Reduced total cost of risk
- More predictable premiums over time
- Stronger negotiating position with lenders
Our Builder’s Risk Insurance Appetite
Insight Risk offers builder’s risk insurance for new construction projects and renovations, including existing properties.
Unique Enhancements include:
- 100%, Quota Share, and follow line capabilities
- Admitted and surplus lines basis
- Up to $250m Non-Combustible Quotes; follow line Wood Frame capabilities
- Technology and exclusive policy benefits available on all risks
- Alert Response Credit endorsement with Insight Risk form placements
RiskTech Enabled Builder’s Risk Insurance
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.
The Insight Advantage
Innovative Underwriting
Loss-cost first, granular underwriting produces competitive quotes tailored to specific customer needs and exposures, including the impact of deploying risk mitigation.
White Glove Service
With experience on hundreds of technology deployments, our specialists deliver exceptional, value-added services from project inception to close-out.
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.
Reporting & Analytics
Reports including alert details, estimates of averted losses, and risk insights are provided to learn additional ways to manage risk more effectively.
Risk Engineering
We offer customizable site-wide risk control surveys during the technology installation and activation process.
Builder’s Risk Resources
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.