Wrap-Up Programs for Contractors
A large construction project must be done safely, on time and within budget – that's no easy task. We have been a provider of Wrap-Up products for more than 25 years - tackling Wrap-Up insurance programs that require specialization to meet complex needs.
A logo of an umbrella. Text, Travelers Wrap-Up Coverage
SPEAKER: There are many reasons to consider Travelers Wrap-Up Construction Coverage. Let's start with a customer's experience that speaks for itself.
ANDREA NELSON: Travelers has proven to me, over the past 12 years, that I can pretty much bring them anything. So we keep challenging them. And they keep coming back with suggestions and ideas and ways for us to be successful in these programs.
I think a lot of people might think of success as a dollar-driven, oh, we made X amount of money. And that's good, too. But for me, what's important is that you look three years after the project and you don't have any workers comp claims open.
Things are going to get more unusual in the construction industry, and they have to change with the changing market. We are now in our fourth CCIP program, since 2012, with Travelers. To me, that is the most important thing that I can say about a CCIP program. And having a carrier that has all their adjusters in-house, I think, makes all the difference in the world.
SPEAKER: Ready for some more reasons to trust Travelers? We offer broad uniform coverage without the worry of potential gaps and inefficiencies associated with contractual risk transfer. Over 30 years of construction knowledge and experience insuring projects of all sizes and complexities. In fact, Travelers insures over 5,000 contractors, over 450 claim professionals, and over 100 risk control consultants across the country, all of whom can provide on-site consultation for identifying potential loss exposures, efficient claims management, and return-to-work assistance. And finally, an A plus plus rating, proving that Travelers has the financial strength and stability to support the duration of your project and beyond.
There's no doubt about it. When it comes to wrap-up construction coverage, the proof is in our numbers. 68% of injured workers are back to work in 30 days. $0.63 savings per dollar billed. Almost 40% reduction in opioid use among injured workers. 41% of GL claims are successfully defended.
Excellent risk management teams, superior claims resources, unmatched dedication--now that's what we call a wrap.
A logo of a red umbrella. Text, Travelers. Travelers dot com
We believe in the importance of helping our agents and clients succeed. We provide underwriting excellence, hands-on construction expertise and extensive knowledge of the issues that impact contractors – all leveraged to help stay ahead of risk. By maintaining close working relationships with agents and clients, we provide the competitive advantage necessary to help avoid disruptions, reduce loss costs, and keep projects running smoothly.
- Single Site
- Rolling Wrap-Up Program
Related Products & Solutions
Insights & Expertise
Learn six ways contractors can effectively manage their cost of risk to help improve their bottom line, their reputation and worker safety.
Travelers prides itself on the strength of our construction expertise and the relationships we build with our customers. See how a 30-year relationship with one Travelers customer helped to avoid a potentially costly construction defect issue.