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  • Project Loss Insurance

Bringing peace of mind to construction companies

Project Loss Insurance

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.

Travelers Canada 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.


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Managing catastrophic loss for construction projects.

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SPEAKER 1: 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 owner 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.

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Travelers Logo.

Text, Talk to your insurance broker about Travelers Project Loss Insurance today. Travelers Canada dot ca.

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Who is this right for?

Coverage is available for all contractors and is not limited to current Travelers Canada Surety clients. 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 (ESOP’s)
  • Companies Considering Succession

  

What's Covered?

Project Loss Insurance offers contractors the ability to share the risk of severe project loss, including loss associated with the following, that may be difficult to insure, such as:

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

Key Features

  • PLI was created as a risk-sharing solution for contractors to further protect their assets and ultimately help them build a better business for the long-term. Your partner, Travelers Canada, is standing with you in difficult moments.
  • Project Loss Insurance 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 (and control) catastrophic losses and improve overall operations.

   

To learn more about Project Loss Insurance, please contact your surety broker.

If you are a broker and would like to hear more about this product, please send an inquiry to: PLI@travelers.com.

  

What else do we offer?

  • Contract Surety Icon
    Contract Surety
  • Construction Insurance Icon
    Construction Insurance
  • Commercial Surety Icon
    Commercial Surety
  • Developer Surety Icon
    Developer Surety
Project Loss Insurance

Project Loss Insurance Case Studies

Read examples of how PLI can protect customers from a catastrophic loss.


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We're here to help contractors succeed

Read more about contractor failure trends and our blueprint for better success on the jobsite. 


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Travelers Canada Project Loss Insurance

Find out if Project Loss Insurance is right for you.

Find a Broker

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Get the personal service and attention a broker provides. To learn more about insurance options in your area, find a Travelers Canada broker near you.

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© 2025 The Travelers Indemnity Company. All rights reserved. Travelers and the Travelers Umbrella logo are registered trademarks of The Travelers Indemnity Company in Canada, the U.S. and other countries. Travelers Insurance Company of Canada, The Dominion of Canada General Insurance Company and St. Paul Fire and Marine Insurance Company (Canada Branch) are the Canadian licensed insurers known as Travelers Canada.

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