Travelers Expands Commercial Auto Coverage Market
December 05 2006 - 8:00AM
Business Wire
Travelers today announced the availability of commercial auto
coverage for small to mid-sized businesses on a monoline basis
through its Select Accounts, Commercial Accounts and Construction
divisions. This expanded monoline auto program provides a
high-liability commercial auto policy on a stand-alone basis even
when the supporting lines of coverage do not qualify. �Agents often
have trouble finding a desirable standard market for their
commercial auto business. Our monoline program allows agents to
separate the commercial auto coverage needs and consider Travelers
as a better alternative,� said Bill Cunningham, president of
Travelers Commercial Accounts. �This gives customers the benefits
of a preferred market, including superior service, a vast network
of claim professionals in all 50 states, and the comfort of knowing
that the number one writer of commercial auto in the U.S. is
standing behind them.� �The combination of high limits and
additional coverage options through Travelers� Business Auto
Coverage Extension Endorsement allows agents to offer one of the
best commercial auto policies available,� added Todd Bateson,
president of Travelers Construction. Travelers also simplifies
commercial auto insurance for companies working in more than one
state by covering multi-state exposures on one policy, a feature
both commercial and construction customers often require.(a) A
minimum of five vehicles to very large fleets can be covered
individually or as a group. �Commercial auto is available to all
Travelers agents, and our broad appetite for a wide variety of
business classes opens the door for agents to increase their
customer offerings and ultimately their business,� said Marc
Schmittlein, president of Travelers Select Accounts. �They can
underwrite the monoline coverage just as they would for coverage
associated with another package by submitting accounts easily
through IENetSM, Travelers� award-winning rate, quote and issuance
system or through their local middle market field office.� About
Travelers Travelers believes that life and business are inherently
dynamic and that the best way to serve agents and policyholders is
to provide insurance that helps them stay in-synch with their
lives. For more information on being in-synch, visit
www.travelers.com. Travelers is a business of The St. Paul
Travelers Companies, Inc. (NYSE:STA), a leading property casualty
insurer selling primarily through agents and brokers. The company�s
diverse business lines offer its global customers a wide range of
coverage in both the personal and commercial settings, including
automobile, homeowners, construction, small business, oil and gas,
ocean marine, financial and professional services, global
technology and public sector services. St. Paul Travelers is ranked
85 in the Fortune 500, with 2005 revenues of $24.4 billion and
total assets of $113.2 billion. The company has approximately
32,000 employees. (a) Multi-state does not apply to Massachusetts
& Hawaii. Travelers today announced the availability of
commercial auto coverage for small to mid-sized businesses on a
monoline basis through its Select Accounts, Commercial Accounts and
Construction divisions. This expanded monoline auto program
provides a high-liability commercial auto policy on a stand-alone
basis even when the supporting lines of coverage do not qualify.
"Agents often have trouble finding a desirable standard market for
their commercial auto business. Our monoline program allows agents
to separate the commercial auto coverage needs and consider
Travelers as a better alternative," said Bill Cunningham, president
of Travelers Commercial Accounts. "This gives customers the
benefits of a preferred market, including superior service, a vast
network of claim professionals in all 50 states, and the comfort of
knowing that the number one writer of commercial auto in the U.S.
is standing behind them." "The combination of high limits and
additional coverage options through Travelers' Business Auto
Coverage Extension Endorsement allows agents to offer one of the
best commercial auto policies available," added Todd Bateson,
president of Travelers Construction. Travelers also simplifies
commercial auto insurance for companies working in more than one
state by covering multi-state exposures on one policy, a feature
both commercial and construction customers often require.(a) A
minimum of five vehicles to very large fleets can be covered
individually or as a group. "Commercial auto is available to all
Travelers agents, and our broad appetite for a wide variety of
business classes opens the door for agents to increase their
customer offerings and ultimately their business," said Marc
Schmittlein, president of Travelers Select Accounts. "They can
underwrite the monoline coverage just as they would for coverage
associated with another package by submitting accounts easily
through IENet(SM), Travelers' award-winning rate, quote and
issuance system or through their local middle market field office."
About Travelers Travelers believes that life and business are
inherently dynamic and that the best way to serve agents and
policyholders is to provide insurance that helps them stay in-synch
with their lives. For more information on being in-synch, visit
www.travelers.com. Travelers is a business of The St. Paul
Travelers Companies, Inc. (NYSE:STA), a leading property casualty
insurer selling primarily through agents and brokers. The company's
diverse business lines offer its global customers a wide range of
coverage in both the personal and commercial settings, including
automobile, homeowners, construction, small business, oil and gas,
ocean marine, financial and professional services, global
technology and public sector services. St. Paul Travelers is ranked
85 in the Fortune 500, with 2005 revenues of $24.4 billion and
total assets of $113.2 billion. The company has approximately
32,000 employees. (a) Multi-state does not apply to Massachusetts
& Hawaii.
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