HARTFORD, Conn.--(BUSINESS WIRE)--
Answering the demands of businesses across the country and helping its
vast network of independent
agents to better serve their clients looking for an innovative,
monoline equipment breakdown policy, Travelers (NYSE: TRV)
Boiler
& Machinery announced today comprehensive updates to EnergyMax
21. Completely self-contained, the wide-ranging coverages built into
the updated product are scalable, making it easy for agents to provide
their clients with the tools they need to succeed in the competitive
marketplace of the 21st century.
"Protecting against the risks known today is important, but to be truly
successful, businesses need to be prepared for every loss scenario, even
those that have yet to be considered," said Anthony Giannone, President,
Travelers Boiler & Machinery. "We designed the updated EnergyMax 21 with
our customers and agents in mind, creating a product that is broad
enough to address almost every equipment breakdown issue, yet set up in
such a way that it can be customized for very specific, challenging
risks."
EnergyMax 21 is now marketed under the banner of IndustryEdge(R),
a suite of specialized insurance products and services tailored for
businesses' complex and emerging risks. Travelers independent agent
network's familiarity with the IndustryEdge brand will help put
them in a better position to convey the benefits provided with the
updated EnergyMax 21. Additionally, through Quick
Quote - Equipment Breakdown Rating Tool, agents will be able to
better stay in-synch with their customers. Quick Quote, Travelers online
rating tool available exclusively on Agent HQSM, Travelers
Agent Website, allows agents to quickly and securely quote and bind
coverage for EnergyMax 21.
The updated EnergyMax 21 is designed to help agents put together a
business-specific package of coverages complete with innovative features
that will protect their clients against the risks of today, tomorrow and
beyond, including:
-- "New Generation" Coverage - providing up to 125 percent of replacement
value of equipment not repairable for upgrades to state-of-the-art
technologies;
-- Green Coverage Upgrade - delivering an additional five percent - up to
$25,000 - above the covered amount of loss to help transition to proven
environmentally friendly alternatives;
-- Selling Price Valuation - expanded to include all property held for sale
- whether or not it was manufactured by the client.
For more information on Travelers Boiler & Machinery or EnergyMax 21
(available in select states), please call 800.253.1304 or email boiler@travelers.com.
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: Travelers Companies, Inc.
Contact: Travelers Companies, Inc.
Jeffrey Weir, 860-277-8692