Travelers has introduced Construction Pak – Builders’ Risk, an enhanced product to help construction projects of all sizes and types stay on schedule.
From standard construction to complex undertakings such as highway projects, stadiums and high-rise buildings, the enhanced builders’ risk coverage is tailored to the needs of the customer. New features include an extensive definition of covered property; automatic soft costs coverage with an option to tailor; multiple additional coverage extensions; equipment breakdown coverage including full testing and jurisdictional inspections; green building coverage; and replacement cost valuation.
Travelers Construction Pak – Builders’ Risk clients have access to Travelers construction inland marine underwriters and inland marine network. This network includes specialists from Risk Control who provide consultations for both specific projects and ongoing operations; a claims team that includes builders’ risk specialists in adjusting and settling builders’ risk claims; and the Specialty Investigations Group (SIG) which helps with theft prevention and recovery efforts.
Topics Construction
Was this article valuable?
Here are more articles you may enjoy.
Business Interruption Claims Approach $1M Average, Says Allianz 
KCC Says Isaias Insured Losses to Be $3 Billion; AM Best Calls Storm an Earnings Event 
Surplus Lines Leaders Remain Bullish on Outlook in a Shifting Market 
‘Unusual’ Isaias Brings Winds, Downed Trees But Fewer Claims Than Expected 
