HARTFORD, Conn.--(BUSINESS WIRE)--
Travelers (NYSE:TRV) today announced a new crisis management expenses
endorsement for commercial umbrella policies to help mitigate the
negative publicity generated by a crisis event. The Travelers
endorsement has an aggregate limit for all crises combined that will pay
up to $50,000* for expenses incurred for retaining a public
relations/crisis management consulting firm or planning and executing a
public relations campaign.
“In the event that a crisis could result in one or more liability claims
reaching your umbrella policy, Travelers’ Crisis Management Services
Expenses Endorsement can help,” said Michael Klein, President of
Travelers Middle Market. “This endorsement provides coverage to
qualified insureds to help protect their business and its single
greatest asset – its reputation.”
Key features of the Travelers Crisis Management Services Expenses
Endorsement include:
- Choice of crisis communications firm. Unlike other
carriers, Travelers does not dictate which firms can be used.
- Coverage for the duration of a crisis. Once activated,
the endorsement will cover expenses until Travelers determines that
the crisis is over or until the limit is exhausted – whichever occurs
first.
The endorsement limit is not a sublimit to any of the other policy
limits – but rather applies in addition to other limits. This coverage
will be immediately available on an admitted basis in 43 states, and is
expected to be available in most other states in 2011.
Knowing that no two industries are the same, Travelers offers an endless
combination of tailored commercial insurance products, services and
specialized expertise for hundreds of industries. Travelers Crisis
Management Expenses Endorsement is yet another example of Travelers’
broad insurance protection that’s far-reaching, flexible and focused,
all found in one place.
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 2010. For more information, visit www.travelers.com.
* A different limit may be available for Travelers Excess Casualty
customers.
Source: Travelers Companies, Inc.
Contact:
Travelers
Gail Liebl
651-310-6902
gliebl@travelers.com