Travelers Teams Up with Procore to Help Contractors Manage Total Cost of Risk

▤ Summary

HARTFORD, Conn.--(BUSINESS WIRE)--The Travelers Companies, Inc. (NYSE: TRV) today announced an exclusive agreement with Procore, a leading provider of construction management software, to help contractors manage the total cost of risk through improved operations and job-site safety. “ Procore’s platform can help contractors avoid many costly losses and delays through effective risk management and cross-team collaboration,” said Lisa Morgan, President of Construction, Energy and Marine at Travelers. “ This exclusive offering is one more example of how we’re always looking for innovative ways to help our customers manage risk.” The Procore software is currently available at a 20% discount for eligible Travelers construction insurance customers in Arizona, Colorado, Connecticut, Kansas, Kentucky, Minnesota, New Jersey, North Carolina, Tennessee and Wisconsin. “ Having immediate visibility into a project and any potential job-site exposures provides greater accountability, awareness of worker safety and clarity when things go wrong,” said Danny Seigle, Vice President of Business Development and Marketplace at Procore. The Travelers Companies, Inc. (NYSE: TRV) is a leading provider of property casualty insurance for auto, home and business.

▦ Linked Companies

Procore Technologies, Inc.

$500M to $1B