Real-Time Risk Management™

Conventional insurance carriers send a loss control employee to your jobsite to observe and make recommendations once or twice a year. Leif does it in real-time. Our proprietary flagging system turns data into actionable information to help you promote safety on your jobsite.  Improved safety earns you Leif’s proprietary data-driven discount pricing. Your data is not shared with the carrier.

We all want to be better tomorrow than we are today. Traditional brokers base your bond capacity on historical information. Real-Time Risk Management gives our surety bond team more data than that. We use verifiable system outputs to project what will happen tomorrow – and maximize your capacity today.

Monitoring your equipment more closely with Real-Time Risk Management™ shows your insurance carrier that you’re committed to better maintenance and loss control. Premiums are based on your business’s loss potential compared to the average for your industry and operation. Reducing your potential for most equipment losses sets you apart as “better than average.” Leif’s proprietary equipment insurance program rewards youwith exclusive data-driven discount pricing and enhanced coverage solutions.

Workers’ compensation is priced differently than other lines of coverage. Your insurance carrier selects your initial price point based on factors like business size, industry, longevity, and how your losses compare to other similar businesses. The additional factor specific to work comp is your experience modification, which reflects your unique claims experience. Both the experience modification and your initial price point are heavily influenced by your work comp loss history, so controlling your losses will directly affect your rate. Real-Time Risk Management™ gives you the Smart Equipment and tools you need to improve jobsite safety, prevent injuries, reduce your MOD, and save money.

Real-Time Risk Management™ allows you to exercise better control over jobsite liability by limiting non-permissive use of equipment. This reduces property damage and injury losses from trespassers and third-party subs. Better control over these exposures unlocks better rates with your insurance carrier, and even more savings with Leif’s proprietary data-driven discounts up to 15%

Real-Time Risk Management™ helps you monitor and protect your valuable materials from theft in real-time. In addition, removing the ability to use a universal key for your equipment makes high-volume heists harder to facilitate. Reduced theft potential improves your risk factors which reduces your rates for Builder’s Risk insurance. Leif also gives you exclusive discounts up to 15%.

Taking accident prevention measures and promoting safer driving can directly affect your auto insurance rates. Real-Time Risk Management™ gives you smarter tools to track reckless driving patterns and identify training opportunities with driver scorecards. It also gives you stronger data to help defend not-at-fault claims. Proactive driver safety management earns you lower auto insurance rates, and unlocks further savings with Leif’s exclusive data-driven discounts up to 15%.

Most insurance rates are based on a set of standard data points. We believe those data points do not tell the whole story. With the power of Smart Equipment insights, we identify and reward exceptional operators with data-driven discount pricing.

Smart Equipment refers to technology-enabled tools and machinery with built-in sensors, communication systems, and software that improve efficiency, safety, and performance in construction operations. These tools provide real-time monitoring, AI learning, and data analysis, resulting in better decision-making, increased productivity, and a safer jobsite.