Increased liability limits and flexible, customized coverage options
offer greater peace of mind
HARTFORD, Conn.--(BUSINESS WIRE)--
Travelers
is pleased to tee off its newly improved Eagle
3SM insurance protection for golf facilities. Golf
course owners and operators recognize that their greatest golf-related
hazards extend beyond a bunker or fast-approaching summer storm.
“In today’s economy, golf facilities need more flexibility and broader
coverage to manage key exposures,” said Ric Sirmans, Underwriting
Manager, Travelers National Programs. “Travelers newly improved Eagle 3product helps better protect golf facilities against potential
losses and keeps our policyholders out of the rough.”
Golf facilities face insurance risks unique to their industry, since
they may have several businesses operating within one facility, such as
restaurants, recreation (swimming and tennis), retail and landscaping.
Each of these has unique exposures - including fires, alcohol-related
accidents, pool safety, golf cart accidents, lightning strikes, floods,
or slips, trips and falls.
Travelers’ improved Eagle 3 product offers new increased liability
limits and flexible, customized coverage options. In addition to its
existing liability coverages, including general liability, umbrella
policies and commercial auto, Eagle 3has expanded its errant
ball coverage from auto to property coverage and now offers an
endorsement for food contamination cost reimbursement at restaurants and
snack bars located at the facility.
The PGA TOUR® and more than 1,000 golf facilities across the
United States rely on Travelers to offer both the standard and
specialized coverages they need. Whether it is protection for buildings,
equipment or greens, Travelers has worked with brokers, agents and
policyholders since 1987, providing the longest, continuous golf
facility coverage, to help determine how to keep facilities protected.
Travelers’ policyholders also have full access to the array of Risk
Control resources including training, educational courses and technical
bulletins, along with designated claim specialists who understand the
complexities of golf facilities.
The newly expanded Eagle 3 Insurance for Golf Facilities is approved in
39 states, and is expected to be approved in the remainder of states,
except California, by September 1, 2011.
About Travelers
The Travelers Companies, Inc. (NYSE: TRV)
is a leading provider of property casualty insurance for auto,
home
and business.
The company’s diverse business lines offer its global customers a wide
range of coverage sold primarily through independent agents and brokers.
A component of the Dow Jones Industrial Average, Travelers has more than
30,000 employees and operations in the U.S., Canada, U.K. and Ireland.
The company generated revenues of approximately $25 billion in 2010. The
official property casualty insurer of the PGA TOUR, Travelers is also
the title sponsor of the Travelers Championship, Connecticut’s PGA TOUR
event. For more information, visit www.travelers.com.
Source: The Travelers Companies, Inc.
Contact:
The Travelers Companies, Inc.
Jennifer Bagdade, 651-310-2883
JBagdade@travelers.com