Broadens Appetite and Introduces New Coverages
HARTFORD, Conn.–(BUSINESS WIRE)–As the healthcare industry continues its expansion1, Travelers (NYSE: TRV) Commercial Accounts today announced the availability of a new IndustryEdge® product for Healthcare Organizations. Integrating the feedback provided by Travelers’ specialist agents and brokers, this product addresses the unique property & casualty insurance needs (excluding professional liability) of mid-sized healthcare clients.
“Packaging together our innovative insurance coverage and service offering for healthcare organizations into an IndustryEdge product allows us the opportunity to better serve clients within the industry and to continue to grow the business,” said Matt Hudnall, Healthcare Industry Director, Travelers Commercial Accounts. “The IndustryEdge product for Healthcare Organizations provides customers with specialized coverage, industry-specific underwriting, risk control analysis and dedicated claim service tailored to the nuances of today’s healthcare industry.”
Available through Travelers network of independent insurance agents and brokers, the IndustryEdge product for Healthcare Organizations offers a broadened appetite for:
- Outpatient facilities, including medical offices, clinics, laboratories, diagnostic centers and, in most states, ambulatory surgical centers. Available products include specialized coverages for property, automobile, general liability, umbrella and workers compensation.
- Inpatient facilities, including hospitals, nursing homes and other elder-care facilities. Available products include specialized coverages for property and automobile.
Specifically, the IndustryEdge product strengthens Travelers’ product suite with tailored coverages, including:
- Property – Emergency Evacuation Expense and Personal Property of Patients and Residents.
- Inland Marine – coverage for Mobile Medical Diagnostic Imaging Equipment.
- Automobile – coverage for hospital ambulances, passenger transportation and Garagekeepers Legal Liability.
Hudnall continued, “The Travelers commitment to underwriting, the overall security provided by our capital base, and our long-standing commitment to mid-sized businesses of all kinds, combine to put us in a position to provide unparalleled protection to a wide variety of healthcare organizations.”
Travelers has provided healthcare organizations industry-specific coverages, specialized underwriting, risk mitigation solutions and claim services for decades. IndustryEdge for healthcare organizations further enhances Travelers’ portfolio of products and services currently available through Commercial Accounts, National Accounts and Select Accounts. Rounding out Travelers’ offerings for the healthcare industry, Travelers Bond & Financial Products offers Wrap+® for Health Care Organizations, providing Directors & Officers Liability and Employment Practices Liability, available exclusively through G.J. Sullivan Co.
For more information on the new IndustryEdge product for Healthcare Organizations, visit us at Booth #611 at the 2009 American Society for Healthcare Risk Management (ASHRM) or contact Matt Hudnall, Travelers’ Healthcare Industry Director, at 860.277.6166.
The Travelers Companies, Inc. 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. A Fortune 100 company, Travelers has 33,000 employees and generated revenues of approximately $24 billion in 2008. Travelers stock is traded on the New York Stock Exchange (NYSE: TRV) and is a component of the Dow Jones Industrial Average. For more information on being in-synch, visit www.travelers.com.
1 Bill Millar, U.S. Middle Market Outlook 2009: Resiliency in the Healthcare Sector (Forbes Insights in association with CIT). June 10, 2009.