New Endorsement Supports Travelers Efforts to Encourage Environmentally Responsible Behavior
HARTFORD, Conn.--(BUSINESS WIRE)--March 17, 2008--In support of the growing trend toward more efficient and environmentally friendly building practices, Travelers (NYSE:TRV) Commercial Property Division today launched its Green Building Coverage Enhancements for mid-sized businesses. An endorsement to the standard Deluxe Property Coverage, this new product highlights Travelers' ability to keep pace with the evolving sustainable building practices.
"Travelers is pleased to note that a number of federal, state and local agencies across the country are instituting programs that encourage, or require, environmentally friendly building practices," said Rich Waskiewicz, senior vice president, Travelers Property. "Today's announcement supports those efforts and our company-wide initiatives to encourage environmentally responsible behavior."
Travelers' Green Building Coverage Enhancements for mid-sized businesses promote the use of environmentally friendly building materials as replacement components following a covered cause or type of loss. Travelers' Deluxe Property forms are amended to provide the following additional coverages:
- Green Building Alternatives - Increased Cost
- Green Buildings Reengineering and Recertification Expense
- Vegetative Roofs
- Green Building Alternatives - Increased Period of Restoration
"Travelers believes that commercial property owners who embrace 'green' technologies are likely to be more risk management-minded, practicing greater care in building maintenance and operation," said Michael Klein, president of commercial accounts, Travelers. "We are excited to introduce this new product, supporting our middle market customers who implement environmentally friendly initiatives."
For more information on the new coverage enhancements from the Travelers Commercial Property Division, call your local Travelers Commercial Accounts office.
About Travelers
Travelers understands that life and business are inherently dynamic and that the best way to serve agents, brokers and policyholders is to deliver insurance that evolves to stay in-synch with life and business as they change. For more information on being in-synch, visit www.travelers.com.
The Travelers Companies, Inc. (NYSE: TRV) is a leading property casualty insurer selling primarily through independent 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, surety and management liability, global technology and public sector services. Travelers is a Fortune 100 company, with 2007 revenues of $26 billion and total assets of $115 billion. The company has approximately 33,000 employees.
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.
CONTACT: The Travelers Companies, Inc.
Media Contact:
Jeffrey Weir, 860-277-8692
jsweir@travelers.com
SOURCE: The Travelers Companies, Inc.
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Charlie Pinson Insurance is a Kentucky Independent Insurance Agency representing many insurers including Travelers Insurance. Working with many Kentucky small businesses, the agency offers products including Kentucky Workers Compensation, BOP Business Owners Policies, and Commercial Kentucky Auto Insurance. Through sister agency, Triple B Insurance, our Kentucky health insurance agents offer group health insurance and employee benefits.
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