Revolutionary way construction developers save big on insurance
Embracing Technology for Risk Mitigation
One of the most revolutionary changes in the construction insurance landscape is the integration of technology to mitigate risks. Technologies such as drones, IoT devices, and advanced data analytics are being used to monitor construction sites in real-time, significantly reducing the likelihood of accidents and claims1. For instance, drones can provide aerial views of sites to identify potential hazards, while IoT devices can monitor equipment usage and worker activities to prevent accidents.