Travelers Builders Risk Application
With Travelers Construction Pak – Builders' Risk you can be confident that your business is protected. No matter the size or scale of your construction project, we offer you the coverages and services to keep it moving forward.
Being insured by Travelers means you get the strength of a national carrier with local representatives that know your market and understand your business. Our expertise extends in a broad spectrum of projects, including stadiums, arenas, bridges, renewable energy, multi-story residential, educational and medical/healthcare facilities.
Coverage beyond the basics
Our Builders' Risk coverage is constructed with your projects in mind. We offer broad coverage and the ability to tailor to your needs. Examples include:
- Broad additional named insured wording.
- Extensive definition of covered property includes permanent and temporary works, such as construction forms, cribbing, fencing, signs, scaffolding, office trailers, etc.
- Special Time Element coverages are individually addressed with each project.
- Soft costs coverage is included with an automatic limit for unexpected expenses (legal, taxes, architect fees, etc.) but can also be written to your project limit and coverage needs.
- Broad automatic coverage extensions and additional options to tailor coverage (e.g., expediting and extra expenses, contract penalties).
- Equipment breakdown to cover full testing and includes jurisdictional inspections.
- Green Building recertification expenses are an automatic coverage.
- Replacement cost valuation.
- Ability to work on a participation basis; quota share and excess.
- Permission to occupy coverage is included to further simplify your planning process.
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