Travelers Launches New Global Coverage for Commercial Accounts

Travelers (NYSE: TRV) today announced the launch of its International Coverage Extensions for Commercial Accounts, Travelers mid-sized business customers. The new coverage extensions provide liability protection for worldwide situations resulting from U.S. exported products or temporary business travel outside the U.S. and Canada, as well as coverage for business personal property located abroad.

The International Coverage Extensions are designed for accounts with incidental global exposures and offer a truly globalized policy by extending protection beyond the domestic coverage territory. For Commercial Accounts customers who need additional protection worldwide beyond incidental exposures, Travelers offers two industry leading, global insurance options with its Global Companionsm and Controlled Master Program policies.

“At Travelers, we understand that each of our Commercial Accounts customers have unique risks that include a wide variety of exposures,” said Michael Klein, President, Travelers Commercial Accounts. “With the addition of the International Coverage Extensions into most of our Travelers domestic Commercial Accounts policies, we can offer our customers truly globalized policies – something that most other commercial carriers cannot provide.”

“As globalization continues to spread, so does the realization that there are risks not covered by typical domestic insurance policies,” said Jon Farber, President, Travelers Global Underwriting. “The addition of the International Coverage Extensions to our existing stand-alone Global Companion and Controlled Master Program products uniquely positions Travelers to address the international needs of all companies, no matter its size or global complexity.”

Travelers International Coverage Extensions include:

  • General liability protection for foreign lawsuits arising out of U.S. exported products
  • Business personal property coverage for property in transit or located abroad
  • Auto liability protection for foreign lawsuits arising out of covered autos hired on a short-term basis
  • Coverage of transportation expenses for medical evacuation and repatriation of sick or injured employees
  • Global executive support services (personal, travel and medical assistance services)

International Coverage Extensions provide added benefits to Travelers IndustryEdge® products, which are some of the most comprehensive offerings now available on the market. The product and suite of services highlights Travelers broad appetite.

In addition to offering the International Coverage Extensions to its current IndustryEdge suite of products of services, Travelers Commercial Accounts offers customers specialized underwriting and specific coverages to match each industry’s unique exposures, risk control services aimed at minimizing risk and preventing loss, and claim staff with the experience needed to evaluate, defend and settle claims. For more information on IndustryEdge products, contact Chuck Wright, National Underwriting Officer for Travelers Commercial Accounts, at 651-310-5935.

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:

The Travelers Companies, Inc.
Media:
Gail Liebl, 651-310-6902

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