subject: How Changing Technology Might Change Contractors Insurance And Construction Insurance [print this page] Nowhere is change more rapid than in the world of technology. Its merely a question of how changing technology will change the way that Contractors Insurance and Construction Insurance are handled.
The growth of the internet has enabled a huge amount of mobility and flexibility when it comes to how people work. This is liberating and positive to many industries and may also have some very advantageous applications for Insurance for Contractors. We all will need to adapt and integrate systems, meaning that our machines and our people using them need to be able to interface effectively. In turn, those machines and software programs will have to be able to interact efficiently with each other electronically. But those developments and coded messages are not thankfully in the realm of Contractors Insurance or Construction Insurance. What is in their realm, however, is keeping up with these technological advances for the sake of improving the speed, quality and cost of service - because technology offers the possibility of improving all of these for all industries including Insurance for Contractors.
For the time being, we are not able to run an operation as smoothly and easily as if we were giving voice commands to a computer that does any regarding Insurance for Contractors we say. For now, the industry providing Insurance for Contractors may need to consider how its operation will run when all office work is done the new-fashioned electronic way. How much faster, easier and more efficient would the process of Construction Insurance claims be if and when all necessary steps, processes and communications are done through a few strokes on a hand-held PDA? A lot. That would spell ease and a lot of savings for any injured employee, his boss and all the medical and administrative people involved in a Contractors Insurance claim.
That probably grabbed your attention: who doesnt want to make things faster, easier and less expensive? When it comes to Construction Insurance, technology may be able to offer lower operating costs because there will be fewer people needed to handle a claim (but more machines.) The costs can perhaps be further offset by increased accuracy in handling all claims. Machines make much fewer mistakes than humans do. If you doubt this, check out the performance of Watson playing Jeopardy against the top-winning champions. Machine wins over man in matters of mathematics and statistics. That too should hold true when it comes to all the formulas and calculations that are so intrinsic to Construction Insurance, or to Contractors Insurance.
by: Brian Lehr
welcome to Insurances.net (https://www.insurances.net)
