HARTFORD, Conn.--(BUSINESS WIRE)--
Travelers (NYSE: TRV)
today announced the launch of its International Coverage Extensions
for Commercial Accounts, Travelers mid-sized business customers. The new
coverage extensions provide liability protection for worldwide
situations resulting from U.S. exported products or temporary business
travel outside the U.S. and Canada, as well as coverage for business
personal property located abroad.
The International Coverage Extensions are designed for accounts
with incidental global exposures and offer a truly globalized policy by
extending protection beyond the domestic coverage territory. For
Commercial Accounts customers who need additional protection worldwide
beyond incidental exposures, Travelers offers two industry leading,
global insurance options with its Global Companionsm and
Controlled Master Program policies.
"At Travelers, we understand that each of our Commercial Accounts
customers have unique risks that include a wide variety of exposures,"
said Michael Klein, President, Travelers Commercial Accounts. "With the
addition of the International Coverage Extensions into most of our
Travelers domestic Commercial Accounts policies, we can offer our
customers truly globalized policies - something that most other
commercial carriers cannot provide."
"As globalization continues to spread, so does the realization that
there are risks not covered by typical domestic insurance policies,"
said Jon Farber, President, Travelers Global Underwriting. "The addition
of the International Coverage Extensions to our existing
stand-alone Global Companion and Controlled Master Program products
uniquely positions Travelers to address the international needs of all
companies, no matter its size or global complexity."
Travelers International Coverage Extensions include:
-- General liability protection for foreign lawsuits arising out of U.S.
exported products
-- Business personal property coverage for property in transit or located
abroad
-- Auto liability protection for foreign lawsuits arising out of covered
autos hired on a short-term basis
-- Coverage of transportation expenses for medical evacuation and
repatriation of sick or injured employees
-- Global executive support services (personal, travel and medical
assistance services)
International Coverage Extensions provide added benefits to
Travelers IndustryEdge(R)
products, which are some of the most comprehensive offerings now
available on the market. The product and suite of services highlights
Travelers broad appetite.
In addition to offering the International Coverage Extensions to
its current IndustryEdge suite of products of services, Travelers
Commercial Accounts offers customers specialized underwriting and
specific coverages to match each industry's unique exposures, risk
control services aimed at minimizing risk and preventing loss, and claim
staff with the experience needed to evaluate, defend and settle claims.
For more information on IndustryEdge products, contact Chuck
Wright, National Underwriting Officer for Travelers Commercial Accounts,
at 651-310-5935.
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 2008 revenues of
approximately $24 billion. The company has 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.
Source: The Travelers Companies, Inc.
Contact: The Travelers Companies, Inc.
Media:
Gail Liebl, 651-310-6902