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July 28, 2020

Travelers, Procore partner to support risk cost management for contractors

By Verdict Staff

US-based property casualty insurance firm The Travelers Companies has reached an exclusive agreement with Procore to enable contractors to manage the total cost of risk through enhanced operations and job-site safety.

Procore is a construction project management software company and provides a construction platform that connects entire project teams, from the office to the field and across companies.

This platform will enable key stakeholders including owners, general contractors, specialty contractors, architects and engineers to collaborate across locations and devices.

As part of the partnership, Procore software is being offered to eligible Travelers construction insurance customers in Arizona, Colorado, Connecticut, Kansas, Kentucky, Minnesota, New Jersey, North Carolina, Tennessee and Wisconsin at a 20% discount.

Travelers Construction, Energy and Marine president Lisa Morgan said: “Procore’s platform can help contractors avoid many costly losses and delays through effective risk management and cross-team collaboration.

“This exclusive offering is one more example of how we’re always looking for innovative ways to help our customers manage risk.”

Procore Business Development and Marketplace vice-president Danny Seigle said: “Having immediate visibility into a project and any potential job-site exposures provides greater accountability, awareness of worker safety and clarity when things go wrong.

“We look forward to working with Travelers, a leading and highly respected construction insurer, to help the construction industry improve productivity, reduce losses and protect their companies.”

Recently, The Travelers Companies extended its Stay-at-Home auto premium credit programme, offering its US personal auto insurance customers a 15% credit on their June premiums.

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