Travelers Construction

Travelers writes insurance for construction contractors and project owners, sold through independent agents and brokers rather than direct. The construction practice keeps its own underwriters, claim handlers and risk control consultants.

Core construction coverages named on the site are general liability, workers compensation and umbrella. Wrap-up programs cover contractor-controlled (CCIP) and owner-controlled (OCIP) structures on single sites and as rolling programs, a line Travelers says it has written for more than 25 years. Related products include contract surety, railroad protective liability, owners and contractors protective liability, excess liability through its Travelers Excess Casualty unit, and inland marine for mobile property and equipment. Group captive and loss-sensitive programs are offered to larger contractors, and smaller firms can buy through the small business unit with a business owner's policy, workers compensation and cyber coverage.

Service sits alongside the policy: risk control specialists provide on-site loss exposure consultation and return-to-work support, a dedicated construction claim operation handles claims in house, and the practice publishes crane safety training, the Zonecheck vibration tool and a Procore discount for customers. Travelers says it insures over 5,000 contractors, with over 450 claim professionals and over 100 risk control consultants across the country. Company-wide it reports more than 30,000 employees and 15,000 independent agents and brokers in the US, Canada, the UK and Ireland, and describes itself as the only property casualty company in the Dow Jones Industrial Average.

Because the coverage is agent-placed, terms and price depend on the agent and the account. One thing to confirm before assuming coverage: none of the crawled construction pages describe a builders risk or course-of-construction product, so ask an agent directly whether Travelers will write that piece on your project.