Insurers Offer Discounts for Using Site Monitoring Tech to Reduce Risk

Insurance companies are offering discounts to contractors and project owners who adopt site monitoring technology to identify and reduce risks on job sites. The approach aims to incentivize wider adoption of these risk-management tools, though uptake among construction professionals remains uncertain.

Insurers have tried discounts to encourage adoption of risk-management technologies before, but have they found the sweet spot to win over contractors and project owners?

This story was originally published by ENR Construction Technology.