skip to main content
Travelers Logo
  • About
  • Careers
  • Agents
  • Investors
  • Sustainability
  • Contact Us
  • For Individuals
    • Overview
    • Products
      • Car
      • Home
      • Renters
      • Condo
      • Landlord
      • Boat & Yacht
      • Flood
      • Motorcycle
      • Travel
      • Pet
      • Weddings
      • Umbrella
      • All Products
    • Prepare & Prevent
      • Insurance 101
      • Home Central
      • Travelers Garage
      • Managing Through COVID-19
    • Affinity Group Discount
    • Online Service
    • Pay Your Bill
      • Get a Quote
      • Find an Agent
      • File a Claim
      • Pay Your Bill
  • For Business
    • Overview
    • Products & Solutions
      • Overview
      • Boiler & Machinery
      • Commercial Auto & Trucking
      • Cyber
      • Environmental Liability
      • Excess Casualty & Umbrella
      • General Liability
      • Global Insurance
      • Inland Marine
      • Management & Professional Liability
      • Ocean Marine
      • Property
      • Business Owner's Policy
      • Surety Bonds
      • Workers Compensation
        • Find an Agent
        • File a Claim
        • Pay Your Bill
    • Industries
      • Overview
      • Agribusiness
      • Architects, Engineers & Surveyors
      • Auto & Truck Dealers
      • Business & Professional Services
      • Construction
      • Education
      • Energy & Renewable
      • Equipment Dealers
      • Financial Institutions
      • Food Services
      • Health & Related Services
      • Hospitality & Recreation
      • Manufacturing
      • Marine Industries
      • Museums & Fine Art
      • Non-Profit
      • Oil & Gas
      • Public Entities
      • Real Estate
      • Retail
      • Technology
      • Transportation
      • Wholesale & Distribution
        • Find an Agent
        • File a Claim
        • Pay Your Bill
    • Services
      • Overview
      • Risk Control
      • Claim
      • Premium Audit
      • Online Customer Tools
      • Risk Management Information Services
      • Travelers Client Advantage
        • Find an Agent
        • File a Claim
        • Pay Your Bill
    • Small Business
      • Overview
      • Automobile Insurance
      • Business Owner's Policy
      • Data Breach
      • Employment Practices Liability
      • Professional Insurance
      • Umbrella Insurance
      • Workers Compensation Inurance
        • Find an Agent
        • File a Claim
        • Pay Your Bill
    • Large Business
      • Overview
      • Casualty
      • Cyber
      • Management & Professional Liability
      • Property
        • Find an Agent
        • File a Claim
        • Pay Your Bill
    • Multinational Business
    • Prepare & Prevent
      • By Topic
      • By Industry
      • Navigating Your Business Through COVID-19
        • Find an Agent
        • File a Claim
        • Pay Your Bill
      • Find an Agent
      • File a Claim
      • Pay Your Bill
  • Claim Center
    • Claim Center
    • Should I File a Claim?
    • File a Claim
    • Roadside Assistance
    • Find a Service Provider
    • Check Your Claim Status
    • Manage Your Claim Experience
      • Understanding the Claim Process
      • Claim Guide Library
      • Workers Compensation Resources
    • Claim Capabilities
      • Get a Quote
      • Find an Agent
      • File a Claim
      • Pay Your Bill
  • Prepare & Prevent
    • For Individuals
    • Home Central
      • Buying & Selling
      • Home Maintenance
      • Home Renovation
      • Home Safety
      • Moving
      • Smart Home
    • Travelers Garage
      • Buying & Selling
      • Car Maintenance
      • Distracted Driving
      • Safe Driving
      • Teen Driving
      • Boating
    • Insurance 101
    • Weather
    • For Business
    • Industries
      • Construction
      • Manufacturing
      • Nonprofit
      • Small Business
      • Technology
    • Topics
      • Business Continuity
      • Cyber
      • Driver and Fleet Safety
      • Facilities Management
      • Internet of Things
      • Product and Services Liability
      • Supply Chain Management
      • Workplace Safety
    • Travelers Risk Index
      • Get a Quote
      • Find an Agent
      • File a Claim
      • Pay Your Bill
  • About Travelers
    • Overview
      • Awards & Recognition
      • Careers
      • Community
      • Diversity & Inclusion
      • Sustainability
      • History
      • Investors
      • Media Resources
      • News
      • Travelers Championship
      • Travelers Institute
      • Get a Quote
      • Find an Agent
      • File a Claim
      • Pay Your Bill
    • Get a Quote
    • Find an Agent
    • File a Claim
    • Pay Your Bill
Main Navigation
  • For Individuals
      • Insurance for Individuals
      • Products
        • Car
        • Home
        • Renters
        • Condo
        • Landlord
        • Boat & Yacht
        • Flood
        • Motorcycle
        • Travel
        • Pet
        • Weddings & Events
        • Umbrella
        • More
      • Prepare & Prevent
        • Insurance 101
        • Home Central
        • Travelers Garage
      • Affinity Group Discount
      • Online Service
      • Pay Your Bill
    • Get a home quote now

      It's easy to get a free quote for home insurance from Travelers in just a few minutes.

       

      Get a home quote now
  • For Business
      • Products & Solutions
        • Commercial Auto & Trucking
        • Cyber
        • General Liability
        • Management & Professional Liability
        • Property
        • Business Owner's Policy
        • Surety Bonds
        • Workers Compensation
        • More
      • Industries
        • Construction
        • Energy & Renewable
        • Financial Institutions
        • Healthcare
        • Manufacturing
        • Real Estate
        • Technology
        • Transportation
        • More
      • Prepare & Prevent
      • Services
        • Risk Control
        • Claim
        • Premium Audit
        • More
      • Pay Your Bill
      • Small Business
      • Large Business
      • Multinational Business
      • For Business Overview
    • Tips for Managing Risks Related to a Remote Workforce

      Tips for Managing Risks Related to a Remote Workforce

      With the current reality of more employees working from home through the pandemic, is your business ready for all the implications?

      Learn more
  • Claim Center
      • Claim Center
      • Should I File a Claim?
      • File a Claim
      • Roadside Assistance
      • Find a Service Provider
      • Check Your Claim Status
      • Manage Your Claim Experience
        • Understanding the Claim Process
        • Claim Guide Library
        • Workers Compensation Resources
      • Claim Capabilities
    • Send us your receipts, photos, invoices and more with just a push of a button.

      Securely share information with your Claim team.

      Send us your receipts, photos, invoices and more with just a push of a button.

      Upload a File
  • Prepare & Prevent
      • For Individuals
      • Home Central
        • Buying & Selling
        • Home Maintenance
        • Home Renovation
        • Home Safety
        • Moving
        • Smart Home
      • Travelers Garage
        • Buying & Selling
        • Car Maintenance
        • Distracted Driving
        • Safe Driving
        • Teen Driving
        • Boating
      • Insurance 101
      • Weather
      • For Business
      • Industries
        • Construction
        • Energy
        • Manufacturing
        • Nonprofit
        • Small Business
        • Technology
      • Topics
        • Business Continuity
        • Cyber
        • Driver and Fleet Safety
        • Facilities Management
        • Internet of Things
        • Product and Services Liability
        • Supply Chain Management
        • Workplace Safety
      • Travelers Risk Index
    • Managing Through COVID-19

      Managing Through COVID-19

      Resources to help you adapt to the realities of COVID-19.

      Learn more
  • Home
  • Surety Bonds
  • Project Loss Insurance

Project Loss Insurance

Travelers Project Loss Insurance (PLI) is designed to mitigate the risk of a catastrophic project loss, helping contractors emerge from the loss rather than succumb to it.

Construction projects involve a large amount of risk, even for the very best contractors. A sizeable loss on a project can lead to business impairment or worse: complete failure. Business failure means the loss of business assets and oftentimes personal assets as well.

As one of the largest surety companies, Travelers has the benefit of seeing first-hand how successful construction businesses are run. We also get an up-close look when contractors fail. Each year we review our 10 largest contract surety losses to understand what these companies did (or didn’t do) to suffer such a significant loss. We’ve been conducting this study for more than a decade, and the results of the study help us to better understand the risk our contractor clients take on every day. Some of the biggest takeaways we have from this study are:

  • One catastrophic project loss can cause an entire operation to fail.
  • A lack of sound internal controls and best practices is a major contributing factor to the problems that threaten the long-term viability of any company.
  • Decisions at the time of project selection can have long-lasting effects.

(DESCRIPTION)
Text, Travelers. Umbrella logo. Project loss insurance.

(SPEECH)
SPEAKER: As construction projects continue to reach new heights, so do the economic exposures faced by construction companies. Bigger projects mean greater bottom line risk. Construction companies may be just one poor estimate, delinquent subcontractor, or difficult donor away from financial devastation.

As a leader in surety, Travelers is introducing a progressive new product we call Project Loss Insurance, or PLI. It's an industry first, designed to help protect construction companies from a potential catastrophic loss, and only Travelers offers it.

Consider this scenario. Let's say a critical construction error causes extensive rework, schedule delays, and a project loss significant enough to threaten the viability of a construction company. Our analysis of past surety losses shows this is just the kind of issue that commonly causes contractor failure.

With PLI, Travelers shares in the contractor's loss once it exceeds the deductible, helping to reduce the financial impact, allowing the company to recover and survive. But without PLI, the company and its employees could lose the business they worked so hard to build. Unforeseen risks like bad estimates, poor production, weather issues, subcontractor failure, and more can jeopardize a construction business. Travelers' PLI can help construction companies keep reaching for new heights.

(DESCRIPTION)
Travelers Logo

Talk to your Travelers representative about project loss insurance today.
Travelers dot com.

The information contained in these materials is intended for use by surplus lines licensees. Coverage is provided by a U.S. based Travelers surplus lines insurance company on a nonadmitted basis and the information contained herein is provided for informational purposes only. It is not an offer to sell or a solicitation of an offer to purchase any insurance policy in any state. Insurance policies provided by surplus lines insurers are not protected by state guarantee funds. Coverage is subject to the specific terms and conditions of the policy. This policy may only be accessed through a surplus lines licensee. If you do not hold a surplus lines broker license, consult with a surplus lines licensee.

  

Who Is This Right For?

Coverage may be available to contractors through their surplus lines broker and is not limited to current Travelers Construction Surety customers. This policy is designed to cover a broad range of contractors and situations including the following:

  • General contractors
  • Heavy civil contractors
  • Trade contractors
  • Business owners looking for corporate and personal wealth protection
  • Employee owned companies (ESOPs)
  • Companies considering succession planning

What's Covered?

Project Loss Insurance offers contractors the ability to share the risk of catastrophic project loss, which may include loss associated with the following events that are traditionally difficult to insure:

  • Bad estimates
  • Poor production
  • Subcontractor failure/default
  • Delay damages
  • Price escalations
  • Manufacturer/supplier failure
  • And many more

Find an Agent

Need an Agent?

Get the personal service and attention that an agent provides.

Find a local agent in your area:

Key Features

  • PLI was created as a risk-sharing solution for contractors to further protect their corporate and personal assets and ultimately help them build a better business for the long-term.
  • PLI can provide interim payments for an anticipated covered project loss during the life of the project.
  • Through the underwriting process, PLI can help contractors improve financial reporting and internal controls to better prevent catastrophic losses and improve overall operations.
Coverage is provided by a U.S. based Travelers surplus lines insurance company on a non-admitted basis and the information contained herein is provided for informational purposes only. It is not an offer to sell or a solicitation of an offer to purchase any insurance policy in any state. No insurance product is offered or will be sold in any state in which such offer or solicitation would be unlawful under the laws of such state.  Travelers is not licensed nor directly solicits insurance in any state where its surplus lines products may be purchased pursuant to applicable surplus lines laws. Insurance policies provided by surplus lines insurers are not protected by state guaranty funds. Surplus lines insurers are not subject to all of the same insurance regulatory standards applicable to licensed insurance companies. Coverage is subject to the specific terms and conditions of the policy. This policy may only be accessed through a surplus lines licensee and may not be purchased directly through this website. Anyone interested in this policy should request a copy of the policy from a surplus lines licensee.

PLI coverage is available on a non-admitted basis and may only be accessed through a surplus lines licensee. If you are an agent and would like to learn more about this product, please send an inquiry to: PLI@travelers.com.

Related Products & Solutions

Contract Surety

Our specialized construction underwriters have deep industry knowledge and an ability to provide flexible, innovative solutions.

Construction Insurance

Highly-skilled underwriting, customized commercial insurance products for the construction industry, and tailored programs and services to help reduce contractors' cost of risk

Construction Services Express

Travelers can help contractors of all sizes with their surety bonding needs.

Insights & Expertise

man and construction worker looking at plans

Stop the Clock

Improving surety responsiveness through the Subcontractor Performance Bond.

Subcontractor Bond Overview

Schedule Sensitive Subcontractor Bond

This Subcontractor Performance Bond minimizes project disruption and help maintain the schedule by allowing work to continue during a dispute.

Expedited Dispute Resolution

Expedited Dispute Resolution: A Different Kind of Performance Bond

The Expedited Dispute Resolution (EDR) Performance Bond from Travelers takes a new streamlined approach to claims handling and resolution.

Find an Agent

Need an Agent?

Get the personal service and attention that an agent provides.

Find a local agent in your area:


Resources

  • 10 Surety Contract Terms Explained
  • What Types of Businesses Need a Commercial Contract Bond?
  • 3 Ways Surety Bonds Help Safeguard Renewable Energy Projects

Travelers logo

Travelers and The Travelers Umbrella are registered trademarks of The Travelers Indemnity Company in the U.S. and other countries.
© 2023 The Travelers Indemnity Company. All rights reserved.

  • Travelers on Facebook
  • Travelers on YouTube
  • Travelers on Twitter
  • Travelers on LinkedIn
  • Travelers on Instagram

Products & Services

  • For Individuals
  • For Businesses
  • Claim Services
  • Prepare & Prevent

Our Company

  • About Travelers
  • Careers
  • Investors
  • Sustainability
  • Travelers Institute

Connect

  • Customer Support
  • MyTravelers®
  • For Agents
  • Find an Agent

Legal & Compliance

  • Terms of Service
  • Privacy & Security
  • Cookie Settings
  • Accessibility
  • Producer Compensation Disclosure