HARTFORD, Conn.--(BUSINESS WIRE)--
Travelers (NYSE: TRV)
announces two new management liability product suites that offer agents
and customers the ability to streamline and customize coverage through a
flexible, modular policy with common language, terms and conditions.
These two new suites of coverage, Executive
Choice+SM for Public Companies and SelectOne+SM
for Large Financial Institutions, join the newly enhanced Wrap+®
for Private & Non-Profit Organizations.
Travelers’ policy suites offer the protection customers need today and
provide flexible policy options for additional coverage as an insured’s
business or organization grows and new exposures emerge. Consistent
language, terms and conditions within these enhanced policies help to
effectively minimize gaps in coverage.
“Travelers’ new and enhanced policies respond to today’s existing and
emerging exposures,” said Wayne Andersen, Chief Underwriting Officer,
Management Liability, for Travelers Bond & Financial Products. “By
streamlining coverage enhancements, previously available by endorsement
only, into one flexible policy, Travelers is making it easier for
brokers and agents to provide customers with the state-of-the-art
protection they need.”
Executive Choice+ for Public Companies, SelectOne+ for Large Financial
Institutions and Wrap+ for Private & Non-Profit Organizations each offer
multiple enhanced coverage features in a single policy suite including
directors & officers liability, employment practices liability,
fiduciary liability, miscellaneous professional liability, private
partnership liability, crime, kidnap and ransom, and identity fraud
expense reimbursement.
Customers insured under these policies also benefit from access to Travelers
Risk Management PLUS+ Online®, available at no additional
cost. This one-stop resource offers risk management tools that support
the entire suite of coverages offered and help insureds mitigate
exposures. The website offers risk management articles, free online
training for managers, day-to-day management tips and information on key
industry trends to help customers protect themselves.
Travelers’ Executive Choice+ for Public Companies, SelectOne+ for Large
Financial Institutions and the enhanced Wrap+ for Private & Non-Profit
Organizations will be available via electronic policy delivery for new
customers beginning August 15, 2010, and for existing customers with
renewals effective September 15, 2010, pending state approvals.
About Travelers
The Travelers Companies, Inc. (NYSE: TRV)
is a leading property casualty insurer selling primarily through
independent agents and brokers. The company’s diverse business lines
offer its global customers a wide range of coverage in the auto,
home
and business
settings. A component of the Dow Jones Industrial Average, Travelers has
more than 30,000 employees and generated revenues of approximately $25
billion in 2009. For more information, visit www.travelers.com.
Source: Travelers Companies, Inc.
Contact:
Travelers Companies, Inc.
Media Contact:
Jennifer Bagdade,
651-310-2883