Brian Kennard

Brian Kennard
Brian is a big fan of anything business and technology related. He descends from a long line of legitimate cowboys and Texas Rangers. In his spare time, Brian enjoys visiting historical sites where his family helped tame the Texas frontier.
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Recent Posts

Use AI to Reduce High Construction Insurance Costs

Posted by Brian Kennard on Tue, Oct 13, 2020 @ 08:45 AM

Over the past several years, the insurance industry has collectively suffered financial loss. Premiums paid by the insured have not been substantial enough to drive profitability. The insurance industry refers to this as a ‘hard market.’

 

Unfortunately, when insurers experience losses, the policy holders are the ones who ultimately pay the price in the form of higher premiums. While all consumers and business ventures are subject to increases, the construction industry has certainly seen a huge increase in insurance costs.


The fact is that you now pay more and get less coverage to insure your construction operations. This impacts overall project cost and cuts into profits. Luckily, new emerging technologies, like Smartvid.io are helping AEC companies build a defense against rising construction insurance rates.

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