Travelers Professional Liability Insurance can protect your company from claims that may arise from unexpected circumstances. This can include accidents that occur at your business, injuries to others or damage done to their property, libel, and slander.
Travelers offers different types of general Liability policies for small companies, including sole proprietorships and partnerships. A umbrella policy will cover any damages above the limits set by your general liability policy.
You can also buy a coverage gap option that helps you fill in any gaps in your policy. This is especially useful if you have assets that you want to protect from claims of negligence, wrongful evictions or theft.
You are more likely to be sued if you work abroad. Travelers provides global business insurance so that you and your employees can cover the risks of claims or wrongful acts in foreign countries.
This policy covers your valuable company products, equipment and items in the event that they are lost or stolen during transit. Other assets can be covered, including fine art and trade show displays.
A professional liability policy protects professionals like accountants and lawyers from damages caused by negligent or inadequate work. This is very useful in cases where a client has sued your company for damages resulting from an error you made while delivering services.
Finding the right policy for your business is important. You want to make sure that it fits both your needs and your budget.
Travelers offers specialized insurance for businesses in specific industries. These include healthcare and technology. MedFirst(r), for example, is a coverage offered by Travelers to medical technology companies. This can cover your company against a variety of risks including bodily injury or property damage resulting from clinical trials or products, economic loss due errors, omissions, or negligence, and unauthorized access or usage of protected health data.
A travelers insurance agent will be able to discuss your coverage options with you and provide quotes. You can also get information about other policies like cyber coverage.
Travelers is sold through a network of independent agents, which means that you'll have to work with them to get quotes, buy or change your policies. These agents can also provide you with information about other business insurance options.
Simply Business offers quotes from multiple business insurers. The service is located in the United Kingdom but does not provide policies for Americans.
Travelers agents can be difficult to work with because you need to speak to them directly in order to receive quotes or make any changes to your policy. It is inconvenient for those who prefer to submit claims online and manage their policies themselves.