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New wireless, construction-specific tools are sounding loud and visible alarms around the site to help ensure fast and safe evacuation in the event of an emergency. (Shutterstock) New wireless, construction-specific tools are sounding loud and visible alarms around the site to help ensure fast and safe evacuation in the event of an emergency. (Shutterstock)

The construction industry is undergoing a lot of change, which presents far-reaching implications, and opportunities, for insurance professionals. While the industry had experienced decades of lagging digitization, caused in part by the difficulty of developing technology for the complex jobsite environment and reluctance to change how things have always been done, those challenges are now being addressed. New industry developments and market forces are creating a watershed moment, driving construction firms to digitize.

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