For years, I’ve been saying that using a cloud-based project management software should be a no-brainer for any construction company. Having all relevant documents available at your fingertips is invaluable to running and properly documenting a project. Well, now at least one insurance company believes that, as well.
Announced today, The Travelers Companies, Inc. will begin offering their customers a 20% discount of their first year of Procore, the popular construction management software. Although, they’ve partnered with Procore to make this happen, I’ve been told that Travelers is footing the bill to encourage their customers join the platform.
At the start, this offer will be available for customers in the following states: Arizona, Colorado, Connecticut, Kansas, Kentucky, Minnesota, New Jersey, North Carolina, Tennessee, and Wisconsin. To take advantage of the offer, you can visit procore.com/travelers.
“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 at Travelers. “This exclusive offering is one more example of how we’re always looking for innovative ways to help our customers manage risk.”
I’ve admittedly been focused mainly on the productivity gains from using technology, but getting a discount from an insurance company to use it is an interesting side effect. There is certainly a value to them when a contractor has immediately available documentation, reports, and pictures of their entire project organized within a software in case a claim should arise.
In the recent past, Travelers has also been involved in the development and research of several other construction-related tools for risk management. Last year, the company developed a model that can predict how likely it is for particular injured workers to develop chronic pain, which can lead to opioid abuse. In 2018, they tested the safety benefits of wearable technology with Gilbane and Triax Technologies. In 2017, they developed a tool that can help identify areas that are at risk of damage from vibrations from heavy equipment called ZoneCheck.
Shane is the creator of Construction Junkie and an active construction project manager. In his career, he has managed interior remodel projects, site development, construction safety, governmental project compliance, and facility maintenance. He has a strong passion for construction technology and safety, as well as sharing the knowledge or insights he has gained throughout his career.