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Travelers’ New IndustryEdge® Product and Services Offering Meets the Sweeping Needs of Building Services Contractors

Posted on 20 May 09

Building services contractors face a wide range of risks every day, from damage to personal property of others to employee safety and health. To help control the losses and to meet the specific insurance needs of mid-sized building services contractors across the country, Travelers Commercial Accounts today announced the availability of the IndustryEdge product for Building Services Contractors.

"Travelers built the new IndustryEdge product to deliver the necessary coverage and service to help our customers manage their exposure and minimize their cost of loss," said Michael Klein, President, Travelers Commercial Accounts. "We are focused on providing our nationwide network of independent agents with industry-specific coverages and resources to help them appropriately meet the needs of the diverse clients they serve."

In addition to offering the core lines of commercial insurance such as general liability, workers compensation, commercial auto, property and umbrella, the IndustryEdge product for Building Services Contractors features specialized coverage solutions, including:

* Coverage for damage to personal property in the care, custody or control of the insured;

* Coverage for scheduled equipment, including optional Lost Keys Coverage, which covers the cost to adjust or install new locks if a client's keys are lost or stolen;

* Coverage for theft of a client's property by an identified employee.

"In this challenging economic climate, when some building services contractors may not have the means to pay for uncovered claims out-of-pocket, it is imperative that they have adequate insurance coverage and utilize risk management tools and procedures to control costs," said Deb Denker, Industry Manager, Travelers Commercial Accounts. "Travelers IndustryEdge for Building Services Contractors was designed to help agents and their customers pinpoint the coverage necessary to manage their business."

With the comprehensive and new IndustryEdge product and suite of services, Travelers offers building services contractors specialized underwriting and industry-specific coverages to match their unique exposures, risk management tools and services aimed at minimizing risk and preventing loss and a claim staff with the industry specific expertise needed to evaluate, defend and resolve claims. For more information on the new IndustryEdge product for Building Services Contractors, contact Deb Denker, Travelers Industry Manager, at 860.277.3217.