Brickeye Unveils BuildersRiskIQ for Insurance and Risk Transparency

Brickeye, a provider of construction IoT (Internet of Things) and job site risk mitigation technology services, has launched BuildersRiskIQ, a new IoT-enabled dashboard designed to improve risk management on construction projects and streamline builders risk insurance coverage.

BuildersRiskIQ gives insureds, brokers and underwriters early visibility into IoT-based water mitigation plans, starting at the pre-construction and insurance quoting phase. The platform allows stakeholders to scope, verify and share real-time loss control strategies as part of the builders risk placement process.

"Industry studies show that IoT protection can reduce water damage exposure on job sites by up to 90%," said Alex Fuentes, EVP of strategic growth at Brickeye. "With BuildersRiskIQ, insureds and brokers can now submit committed, IoT-enabled water mitigation plans from the outset, leading to smarter insurance quoting and tangible cost savings."

The dashboard builds on Brickeye’s existing IoT risk mitigation services and is backed by a Certificate of Protection. By presenting verified loss control plans to insurers, project stakeholders can lower water loss deductibles by as much as 50%, potentially reducing overall insurance costs.

BuildersRiskIQ provides benefits across the construction insurance process. Insureds gain the ability to demonstrate verified risk mitigation plans. Brokers can strengthen insurance submissions, while underwriters gain access to detailed IoT controls that support risk assessment and underwriting decisions.

The tool aims to align technology with the construction and insurance sectors to support more transparent, collaborative and cost-effective risk management.

For more information, visit brickeye.com.