Unlock Risk Mitigation & Insurance Benefits with OpenSpace
Watch this brief video for a conversation with Power Design, Inc. and Shepherd on risk and insurance trends in construction.
Watch nowSee risk. Reduce construction insurance costs.
Insurance premiums are a major cost for builders, but using OpenSpace can help. Consistently capturing with OpenSpace gives you a trusted visual record of your site to support construction risk management—helping lower your risk profile, reduce premiums, and prevent claims, all adding up to significant savings.
Recoup millions in insurance claims
Learn how capturing with OpenSpace before and after Hurricane Ian helped DeAngelis Diamond recoup millions in insurance claims on a resort project.
ROI and 25% savings on premiums
Watch our Waypoint session for details on how Shepherd Savings can reduce insurance premiums and even cover the cost of OpenSpace.
Paying for a year of OpenSpace
At Waypoint, Performance Contracting Inc. shares how OpenSpace documentation submitted for a single claim covered a year of OpenSpace.
The most key [measure put in place before Hurricane Ian] was that our jobsite was properly photographed the week of the storm. I personally walked the entire site with the OpenSpace cameras on September 26th. …On October 12th I recorded the site again. This capture paired with my September 26th capture have been the two most utilized forms of documentation during the entire claims process.
Build a construction insurance risk management program with visual documentation
Save money on insurance premiums
When you document your projects consistently with OpenSpace Capture you create safer jobsites and a visual record that can help demonstrate your risk management practices to insurers. Images provide insights to support informed safety decisions and keep projects on track. With OpenSpace Air you can capture drone imagery for an aerial view of site conditions. Together, ground-level and aerial imagery create a more complete visual record of your project.That complete record lowers your risk profile, which is why some insurers, including partner Shepherd, offer reduced premiums.
Resolve insurance claims faster with visual proof
Builders who use OpenSpace tend to see fewer insurance claims, but when a claim does need to be filed, having visual proof can help it move faster. Add a claims adjuster directly to the OpenSpace project and they’ll have immediate access to investigate as if they were on-site—no travel required. Or send a direct link to a specific location in your capture that you want someone to review. You can also quickly tag and filter relevant Field Notes, then create a PDF for your claims report. OpenSpace enables an easier, more efficient review process so you can get a faster payout.
Offset your OpenSpace investment with Shepherd Savings
OpenSpace partners with technology-enabled insurance provider Shepherd to offer customers the Shepherd Savings program. Through its data partnership with OpenSpace, Shepherd found OpenSpace customers to be lower risk, with fewer claims and smaller losses. Qualified OpenSpace customers can save up to 25% on premiums through the program, helping offset the cost of OpenSpace. If you’re already an OpenSpace customer, contact Shepherd to see if your business qualifies.
Resolve disputes quickly with visual proof
If you encounter a dispute on your project, such as damage on-site or missing equipment, you can use your OpenSpace captures to get answers fast. With the Split View feature, you can compare what a captured area looked like on two different dates. Images remove confusion, make it simple to identify the responsible team, and help resolve the dispute.
Why builders choose OpenSpace for construction risk management
Easy
The OpenSpace mobile app makes it easy to capture your site, document work, and collaborate with your team—all from the phone in your pocket. It’s quick to deploy, easy to use from day one, and runs on iOS and Android. That means field teams actually use it, so you can count on having the documentation you need to qualify for insurance savings and support faster resolution of disputes or claims.
Fast
Connect your 360° camera to the OpenSpace app quickly with QuickConnect. Document 25K sq. ft. in 10 minutes, with images ready to review in just 15 minutes on average. That means you can make faster decisions for a safer jobsite and avoid costly mistakes. Use Field Notes to flag safety issues on the spot and make sure the right people have the information they need to understand and address the problem.
Powerful
The OpenSpace Spatial AI Engine combines computer vision with generative AI to power our Visual Intelligence Platform. It automatically maps images and Field Notes to your floor plans and BIM models and organizes them by date and time, so you can quickly find what you need without digging through hard drives and folders.
Reliable
OpenSpace is the Visual Intelligence Platform you can count on today and as your business grows. Connect OpenSpace with the tools you already use across project management, coordination, and scheduling, including Procore, Autodesk, Revizto, and leading scheduling platforms. Two-way integrations with Procore and Autodesk keep Field Notes, issues, and visual context aligned across systems, while OpenSpace APIs let you bring reality data into your own workflows.
Interested in learning more?
Resources
Mitigate risk & reduce insurance premiums
Consistently capturing your projects with OpenSpace ensures you have the insights you need to make informed decisions about safety.
Learn more
Reality Capture 101
Read our primer about reality capture for jobsite documentation, including seeing benefits like discounted construction insurance premiums.
Learn moreLorem ipsum dolor ist amte, consectetuer adipiscing eilt. Aenean commodo ligula egget dolor. Aenean massa. Cum sociis natoque penatibus et magnis dis parturient montes, nascetur ridiculus mus. Donec quak felis, ultricies nec, pellentesque eu, pretium quid, sem.
Frequently asked questions
How do safety protocols directly reduce construction insurance premiums?
Insurers price premiums based on the likelihood and severity of future claims, so a strong, documented safety record directly influences that calculation. Consistent site inspections, hazard identification, and incident response records signal lower risk to underwriters and can qualify a contractor for better rates. Visual documentation strengthens this case by giving insurers verifiable proof that safety practices are followed on every job, not just claimed after the fact. Builders who maintain a consistent capture routine with OpenSpace build this proof automatically as part of their daily workflow.
What's the difference between builders risk insurance and general liability insurance for contractors?
Builders risk insurance covers physical damage to a structure under construction, including materials and equipment on-site, typically from events like fire, storms, or vandalism. General liability insurance covers third-party claims of bodily injury or property damage caused by the contractor’s operations, separate from the building itself. Most construction projects carry both policies because they address different categories of risk: one protects the asset being built, the other protects the business from liability claims. Review your contracts closely, since owners and lenders often specify which coverage types and limits a project requires.
Do construction project managers need professional liability insurance?
Project managers who provide design input, scheduling judgment, or other professional recommendations can be named in claims alleging errors or omissions, which is exactly what professional liability insurance is built to cover. This coverage is separate from general liability or builders risk insurance, since it addresses claims tied to professional judgment rather than physical damage or bodily injury. Many general contracting and construction management companies carry this coverage at the company level, though some project managers also carry individual coverage depending on their role. Confirm with legal counsel or your insurance broker whether a client’s contract requires professional liability coverage for a specific role on the project.
What documentation do insurers and adjusters need to process a construction insurance claim?
Insurers and adjusters need dated, verifiable evidence of site conditions before and after the event that triggered the claim, along with a clear record of any safety measures taken. A time-stamped visual record, including photos, 360° captures, and Field Notes, gives adjusters what they need to assess damage without requiring a site visit for every step of the review. The faster a contractor can produce this evidence, the faster the claim moves. This is a large part of why OpenSpace customers report shorter claims timelines and fewer disputes over what a site actually looked like on a given day.
How does contractual risk transfer affect a contractor's insurance requirements?
Contractual risk transfer shifts responsibility for certain risks from one party to another through contract language, indemnification clauses, or insurance requirements written directly into the agreement. In construction, this typically means subcontractors are required to carry specific coverage and name the general contractor as an additional insured, moving exposure away from the GC for risks tied to the sub’s scope of work. Owners apply the same mechanism with general contractors, requiring coverage limits and additional insured status before work begins. Reviewing contract language closely, and keeping documentation that supports compliance with these clauses, helps every party enforce the risk transfer they agreed to.