Eyrus and Insight Risk Technologies are pleased to announce their partnership, combining Eyrus’ construction IoT platform with Insight Risk’s expertise in Builder’s Risk insurance and risk management services.
This collaboration enables the swift implementation of technology and risk management strategies aimed at reducing Builder’s Risk premiums and deductibles, while minimising construction property losses and optimising project financial outcomes.
Industry data indicates that water and fire are the primary causes of loss on commercial construction sites, leading to project delays, increased costs, and damage to reputations. Through this partnership, Eyrus and Insight Risk aim to proactively prevent such losses by deploying risk-reducing solutions and providing valuable data at both project management and corporate initiative levels.
Eyrus offers a comprehensive IoT and SaaS platform for managing construction workforces and monitoring worksites. The platform gathers data from video cameras, water/fire/CO2 sensors, weather services, and wearable devices, delivering real-time information on safety, work time, attendance, and AI-driven insights to enhance productivity. This platform complements Insight Risk’s extensive experience in Builder’s Risk insurance, IoT technology, and professional services, providing a complete end-to-end solution for technology design, procurement, and deployment, helping clients achieve their risk management objectives.
“We save our customers a lot of time and money with automated workforce and worksite solutions. We want to bring them more value when it comes to risk management. We value our alliance with Insight Risk because of their value-add mentality – they don’t stop at meeting insurance requirements and provide best-in-class insurance premiums, they are committed to providing cutting edge technology that brings value throughout the project lifecycle,” explained Hussein Cholkamy, COO of Eyrus.
“In an industry facing ever tighter margins, additional expenses on a project bid or insurance quote could result in losing the opportunity. Plus, the process of installing and managing new equipment means lost productivity, increased payroll, additional subcontractors to manage, and longer project timelines for all involved,” added Chad Hollingsworth, Co-Founder and President of Insight Risk. “Our alliance with Eyrus will benefit our customers so they have safer, better-connected job sites without additional cost, complexity, or disruption plus cost savings on their Builder’s Risk insurance policy.”
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