Travelers Maximizes Insurance Coverage and Services for Equipment Breakdown

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®, 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.

Contacts:

Travelers Companies, Inc.
Jeffrey Weir, 860-277-8692

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.