The Future Is Flowing: How Insight Risk Is Reinventing Builders Risk

Water damage is one of the biggest hidden costs in construction. It’s not dramatic fires or major collapses that hurt most projects — it’s the slow leaks, burst pipes, and unseen drips that flood floors, delay timelines, and rack up seven-figure losses.

In this episode of the Inside Insight Podcast, hosts Beau Lunceford and Trevor Casey talk with Chad Hollingsworth, Co-Founder and President of Insight Risk Technologies, about how the intersection of insurance and technology is reshaping builders risk coverage.

How IoT is Changing the Game in Builders Risk

As Chad explains, over half of builders risk losses come from water-related incidents. These events often happen after hours or during weekends, when nobody is on site to stop the damage. Insight Risk Technologies saw an opportunity to bridge the gap between construction and insurance through IoT solutions that detect and respond to these risks before they escalate.

Their system combines environmental sensors, water-flow monitors, and smart shutoff valves to alert teams of potential leaks and even stop them remotely. For contractors and owners, that means fewer surprises, lower repair costs, and projects that stay on schedule.

A New Kind of MGA

Insight Risk Technologies isn’t a typical insurance provider. As an MGA (Managing General Agent), they operate between a carrier and a broker, giving them the flexibility to innovate faster.
Chad describes it as “a hybrid of an insurance carrier and a broker.” It’s the best of both worlds: the authority to underwrite and price risk, with the agility to develop new technology-driven programs that directly reduce losses.

By combining underwriting expertise with tech services, Insight Risk offers clients more than policies—they provide active risk prevention. Their team doesn’t just recommend solutions; they design, install, and maintain them, creating a partnership that keeps every project safer from start to finish.

Why Incentivized Risk Management Works

One of the most distinctive parts of the Insight Risk model is how it rewards proactive clients. When insureds use their monitoring technology, they receive premium credits, lower deductibles, and performance-based rewards for responding quickly to alerts.

This structure encourages a cultural shift: instead of waiting for claims, policyholders are motivated to prevent them. As Chad puts it, “Our goal is to stop a leak before it becomes a loss.”

In some cases, premium savings can even outweigh the technology costs—creating a net gain for clients who adopt these systems. It’s a win-win for builders and carriers alike.

Smart Shutoffs and Real-World Results

Chad shares several examples of projects where IoT technology saved contractors from disaster. In one case, a faulty pipe joint burst during system testing on a large project. Within minutes, the on-site team used their phone to shut down the main water line remotely.

Without that capability, it could have taken hours to locate and access the shutoff valve, flooding multiple floors and causing major losses. Instead, a quick alert and a single tap prevented an expensive, time-consuming claim.

Building Smarter, Not Just Safer

Beyond individual claims, Insight Risk’s model promotes a more sustainable approach to construction risk. By making advanced technology accessible through rental options and ongoing support, the company helps contractors integrate loss prevention into their regular workflow—without heavy upfront costs.

The technology doesn’t just collect data; it actively improves safety and profitability. And that’s exactly where Chad believes the future of builders risk lies—where insurance and innovation work together to protect what matters most.

Listen to the Full Episode

To hear more from Chad about how technology and insurance are transforming builders risk, listen to The Future Is Flowing: How Insight Risk Is Reinventing Builders Risk on the Inside Insight Podcast presented by CR Solutions.

Listen to “The Future Is Flowing” now:
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