When a CFO asks why a construction project should invest in documentation, the answer should focus on outcomes rather than cameras. Fewer trips, less searching and support for resolving disputes are familiar possibilities. A fourth question is worth asking: can consistent documentation influence insurance pricing?

Discounts have been reported under specific overseas programs. That is a reason to start a conversation with an insurer, not a promise for every project or platform.

In this article

What was published and what is new

On October 12, 2026, OpenSpace published an underwriting analysis referencing usage and claims data for more than 1,000 contractors. These are reports by commercially interested parties, not research we independently audited. The association does not establish that capture alone caused fewer claims. OpenSpace analysis.

The partnership dates to June 2022. The latest article reframes documentation as an underwriting input and a business expense with a potentially measurable return. Original partnership announcement.

The numbers and their limits

  • Up to 25% premium savings: Shepherd advertises this through its Savings program, using activity data and proposal-specific terms. It is not guaranteed. Shepherd Savings.
  • A $260 million Atlanta project: Shepherd's owner-controlled insurance program case reports a 15% discount on Primary General Liability and Umbrella policies. Reportedly, this covered the OpenSpace purchase with savings remaining. This is the insurer's account, not an independent audit. Published case study.

$260 million is the project value, not the premium. Multiplying it by 15% does not calculate the insurance savings. Nor should that discount be extended to every policy: the example concerns specified liability coverage, not necessarily Builders Risk property insurance.

The CFO conversation

Our business interpretation is to widen the feasibility assessment. Beyond operational savings, there may be a reduction in the cost of transferring risk to an insurer — if a suitable written proposal actually offers it.

Keep two scenarios separate:

  1. A baseline without insurance savings: camera, capture labor, upload, review and subscription costs compared with operational benefits measured in practice.
  2. A scenario with an approved insurance proposal: the same calculation plus the premium difference, after a qualified adviser compares coverage, limits, deductibles and exclusions.

A percentage discount is not a like-for-like comparison when coverage terms change. Avoid double-counting the same time or rework savings.

Preparing a documentation package for an insurer

The following is a proposed Skylens workflow, not an insurer's official requirements:

  • Defined cadence: who records the site, when and at which milestones.
  • Planned coverage: required areas and gaps in each capture round.
  • Context: dates and locations linked to plans and work areas.
  • Continuity: source material and history retained after walls and services are closed.
  • Review: quality checks, access permissions and an organized delivery process.

This can form a Risk / Insurance Evidence Playbook: a capture plan designed around questions that may need answers later. The question becomes not just what was photographed, but what information can be retrieved when requested. Documentation does not replace policy compliance or safety inspections.

What this means for Skylens clients in Israel

The sources reviewed do not establish an Israeli premium discount for Skylens users. This article does not promise a discount, claim a Shepherd partnership or imply insurer approval of Skylens.

The practical next step is to show a broker or insurer an actual documentation process and request a written response: does it affect underwriting, for which policies, on what terms and with which required data? Until then, exclude insurance savings from the baseline forecast.

Skylens can be part of the project's spatial documentation discussion. Insurer requirements and policy terms need separate assessment. Explore Site Record.

Frequently asked questions

Does 360 capture guarantee an insurance discount?

No. The insurer decides based on the program, risk, coverage and proposal terms.

Should I expect to save 15%?

No. That figure belongs to a specific case reported by Shepherd, not a forecast for another project.

Does documentation prove there were no defects?

No. It may provide visual information about what was captured, but does not replace professional inspections or guarantee claim acceptance.

Start with value that can be checked

The proposition is not “buy 360 and get a discount.” Build consistent documentation, measure its operational value and ask the insurer whether it also has an underwriting value.

Book a 30-minute demo to explore documentation organized by place and date and a workflow that can be presented and reviewed.

This is a business overview, not insurance or legal advice. Sources checked October 13, 2026.