How machinery is changing construction risk

From Building Information Modelling (BIM) to 3D printing, technology is changing how the construction industry operates.

The need for specialist cover is evident in the continued evolution of construction machinery being utilised within the sector. While we are not yet at the stage of armies of nanobots building skyscrapers, increased automation has dramatically affected how risk is managed. However, whilst new machinery may reduce on site risks, this doesn't automatically mean cheaper insurance policies.

This article studies how brokers can provide value to construction clients by understanding client's changing risk profiles and ensuring policies are aligned with the latest technological innovations.