Automatically Included with No Added Premium on All Master Pac(SM)
Policies Featuring Four New Enhancements - Including Business Personal
Property Coverage
HARTFORD, Conn.--(BUSINESS WIRE)--Oct. 28, 2008--Staying in-synch
with its customers who are adopting energy efficient and
environmentally friendly business practices, Travelers (NYSE: TRV)
Select Accounts today launched its Master Pac Green Endorsement
Enhancements for small businesses. Provided at no additional premium
charge, the innovative endorsement enhancements include a suite of
green building and business personal property insurance.
"The Master Pac Green Endorsement supports the efforts of our
small business customers working to employ green standards, providing
them with industry-leading underwriting, risk control services and
claims handling expertise," said Marc Schmittlein, president and chief
executive officer, Travelers Select Accounts. "Additionally, we
recognize that the costs to comply with many of the federal, state and
local programs requiring environmentally friendly building practices
can be substantial, which is why we are providing the Master Pac Green
Endorsement to all of our policy holders at no additional premium
charge."
Travelers' Master Pac Green Endorsement for small businesses
encourages customers to find alternative green products or materials
and green methods or processes of construction in the event of a
covered cause or type of loss. The innovative suite of coverages also
includes a green business personal property endorsement that provides
the additional costs to use green products or materials on damaged
business personal property.
"Green building relies on new material and technologies that bring
challenges from an estimating, construction, inspection, certification
and liability standpoint," said Chris Nixon, vice president, Travelers
Property Claim. "Travelers property claim professionals are in-synch
with the new coverages and have the expertise necessary to
successfully manage the claims under these new endorsements."
Travelers is a member of the United States Green Building Council
(USGBC). For more information on the Master Pac Green Endorsement from
Travelers small business insurance division, Select Accounts, call a
local Travelers independent agent.
About Travelers
The Travelers Companies, Inc. (NYSE: TRV) is a leading property
casualty insurer selling primarily through independent agents and
brokers. Travelers understands that life and business are inherently
dynamic and that the best way to serve customers is to deliver
insurance in-synch with evolving risks. The company's diverse business
lines offer its global customers a wide range of coverage in the auto,
home and business settings. Travelers is a Fortune 100 company, with
2007 revenues of approximately $26 billion. The company has more than
33,000 employees. For more information on being in-synch, visit
www.travelers.com.
The content of this release is only for the informational use of
the reader. In no event will Travelers or any of its affiliates be
liable in contract or in tort to anyone who has access to this
information for the accuracy or completeness of the information relied
upon in the preparation of this release. Additionally, information
contained herein does not constitute and shall not be construed to
reflect the adoption of any coverage position by Travelers or any of
its affiliates in connection with any of the topics or considerations
set forth herein.
CONTACT: The Travelers Companies, Inc.
Media Contact:
Jeffrey Weir, 860-277-8692
SOURCE: The Travelers Companies, Inc.