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Travelers has introduced new Construction PakBuilders’ Risk coverage to “help construction projects of nearly every size and scale stay on schedule.” The insurer described the product as providing “broad, tailored coverage in an easy-to-use form.” 

“Construction today is not like it was a decade or even five years ago,” said Joe Tracy, the president of Travelers Inland Marine. “With emerging technologies and new building methodologies, there is a need for proactive coverage, and services that can help keep projects on budget and on schedule. Travelers’ new Builders’ Risk coverage protects contractors, owners and developers, keeps their projects moving forward and offers peace of mind.”

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