Eyrus's Worksite Intelligence Platform joins with Insight
Risk's Builder's Risk insurance plus RiskTech solutions
offerings to provide risk managers with leading-edge loss
avoidance and profit safeguarding strategies.
WASHINGTON, Aug. 15,
2024 /PRNewswire/ -- Eyrus and Insight Risk
Technologies are excited to announce their alliance, pairing Eyrus'
construction IoT platform with Insight Risk's Builder's Risk
insurance and risk management services. Together, Eyrus and Insight
Risk can rapidly implement technology and risk management
strategies that reduce Builder's Risk premiums and deductibles,
minimizing construction property losses and maximizing project
financial performance.
As recent industries statistics show, water and fire are leading
sources of loss on commercial construction sites, causing project
timelines to be delayed, building costs to increase, and
reputations to be damaged. Through this alliance, Eyrus and Insight
Risk seek to prevent losses before they occur by deploying
loss-minimizing solutions and delivering valuable data at a project
management level and corporate initiative level.
Eyrus provides a comprehensive IoT and SaaS platform for
construction workforce management and worksite monitoring by
gathering data from video cameras, water/fire/CO2 sensors, weather
services, and worker wearables that deliver real-time communication
about safety, work time and attendance information, and AI-driven
insights to drive worksite productivity. Their offering complements
Insight Risk's deep experience in Builder's Risk insurance, IoT
technology, and professional services, providing comprehensive
end-to-end technology design, procurement, and deployment services
to guide clients to their risk management goals.
"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,"
said 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," shared 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."
About Eyrus
The Eyrus Workforce Intelligence Platform brings together a
significant set of worksite solutions that drive efficiencies
on-site and drive initiatives in office:
Workforce Management Tools:
- Worker Registration and Onboarding
- Automated Time and Attendance
- Mass-Text Communication
- Evacuation and Mustering
- Safety and Fatigue Reporting
- Workforce Productivity Reporting
- Insurance and Regulatory Reporting
Worksite Security and Monitoring Tools:
- Access Control and Construction Turnstiles
- Video Surveillance and Monitoring
- Water, Temperature, Humidity Monitoring
- CO2 Monitoring
- Weather Monitoring
- Alert and Resolution Workflow and Reporting
Learn more about Eyrus at Eyrus.com.
About Insight Risk Technologies
Insight Risk Technologies is a technology-focused Builder's Risk
MGA with a critical advantage: Our unique model bundles Internet of
Things (IoT) loss control prevention solutions, comprehensive A+
rated insurance, and proactive risk management to reduce losses
significantly and deliver value-added benefits to our policyholders
and carrier partners. By offsetting upfront IoT technology costs
with modest premium credits and lower water damage deductibles, we
remove a major barrier to a safer and better-connected jobsite,
helping our clients avoid losses altogether and minimizing the
impact of unforeseen events. Our objective is to reduce water
damage losses—the largest single component of the Builder's Risk
loss ratio—by 90%. Learn more at insightrisktec.com.
Media Contact:
Scotty Greenburg
2067799747
381865@email4pr.com
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SOURCE Eyrus