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Travelers Insurance Wants to Pay You to Use Procore

Construction Junkie

For years, I’ve been saying that using a cloud-based project management software should be a no-brainer for any construction company. Well, now at least one insurance company believes that, as well. Announced today, The Travelers Companies, Inc. Announced today, The Travelers Companies, Inc.

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Travelers Insurance Offering to Pay Contractors in More States to Use Procore

Construction Junkie

Last summer, we learned that Travelers Insurance believed that using Procore as a project management tool helped contractors reduce risk on their projects so much that they were willing to help pay for them to join the platform. For those interested in learning more about the discount, you can visit procore.com/travelers.

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What is Equipment Floater Insurance for Contractors?

Levelset

Your base insurance policy may offer some coverage for unexpected damage to some business property, but making assumptions about the extent of coverage could lead to some financial distress. . An equipment floater offers insurance protection for your business property as it moves from location to location. What is an equipment floater?

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Subcontractor Default Insurance: Pros & Cons for General Contractors

Levelset

Subcontractor default insurance is one alternative to a surety bond that works to protect a contractor from the financial burden when one of their subcontractors defaults. Related: 16 types of insurance coverage for contractors. What is subcontractor default insurance? How SubGuard insurance works.

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Themes from the 2013 IRMI Construction Risk Conference

Construction Business Owner

Once a year, contractors, brokers, underwriters, risk managers and attorneys gather at the International Risk Management Institute (IRMI) Construction Risk Conference to examine the most pressing insurance and surety-related issues contractors are facing.

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Coronavirus and travel: How we will know when it’s OK to travel again

Construction Test

How will we know when it’s okay to travel again? On March 24, 2020, Prime Minister Scott Morrison announced a ban on Australians travelling overseas under the Biosecurity Act 2015. The has the latest information regarding overseas travel for Australians. When travel insurance offers total peace of mind.

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Traveller letters: Why should we pay 50 per cent more to have middle seats kept empty?

Construction Test

However, I’m not finding that to be the case with travel insurance. But given the circumstances, travel insurers should give credit for the unused portion of a policy, or enable people to freeze a policy, so they can continue travelling when conditions change. IAG is one insurer I know that has stepped up.

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