Press Release
August 22, 2024

Eyrus and Insight Risk Partner to Revolutionize Construction Risk Management

Eyrus and Insight Risk Technologies have joined forces to offer a powerful solution for construction risk management. By combining Eyrus' construction IoT platform with Insight Risk's Builder's Risk insurance and risk management services, they can help clients reduce premiums, deductibles, and losses while maximizing project financial performance.

According to industry statistics, water and fire are major causes of losses on construction sites, leading to delays, increased costs, and reputational damage. Eyrus and Insight Risk aim to prevent these losses by deploying cutting-edge technology and delivering valuable data at both the project and corporate levels.

Eyrus provides a comprehensive IoT and SaaS platform for construction workforce management and worksite monitoring. By collecting data from cameras, sensors, weather services, and worker wearables, they offer real-time insights into safety, attendance, and productivity. This complements Insight Risk's expertise in Builder's Risk insurance, IoT technology, and professional services. Together, they provide a comprehensive solution for technology design, procurement, and deployment.

"We're excited to partner with Insight Risk," said Hussein Cholkamy, COO of Eyrus. "Their value-add mentality aligns perfectly with our goal of saving customers time and money. By combining our strengths, we can offer even more comprehensive risk management solutions."

Chad Hollingsworth, Co-Founder and President of Insight Risk, echoed this sentiment. "In today's competitive industry, every penny counts. Our alliance with Eyrus will help our clients create safer, better-connected job sites without adding to their costs or complexity. Plus, they'll benefit from cost savings on their Builder's Risk insurance."