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Travelers To Launch Global Companion℠ Plus+ For U.S. Companies With Foreign Exposure

By John F. Heerdink, Jr.

Reportedly, The Travelers Companies, Inc. (TRV) announced the launch of a new product, Global Companion Plus+, based on the company’s broad property and casualty offerings for U.S. firms with foreign exposures.

Features of Global Companion Plus+ comprise of Primary Foreign Voluntary Workers Compensation that protects the employees working outside their home countries. The plan will also provide a separate $1 million limit for U.S.-based companies as an extra layer of protection, for loss. Travelers will also provide any legal assistance abroad to the companies along with any emergency evacuation for employees in case of natural disasters, political unrest, and endemic disease.

“Even if a business does not have a physical foreign footprint, having international customers, worldwide vendors or employees who occasionally travel to different countries could create exposures that may not be covered by a typical domestic business insurance policy. We have updated our Global Companion Plus+ product to include a more robust offering that fills coverage gaps for our customers who could experience claims or lawsuits outside of the U.S.” stated Tony Giannone, Vice President of the Multinational Accounts Practice at Travelers.

Dow 30 component, The Travelers Companies, Inc. (TRV) is an insurance provider of property-casualty insurance for home, auto, and business. To learn more about The Travelers Companies, Inc. (TRV) and to continue to track its progress please visit the Vista Partners Travelers Companies, Inc. Coverage Page. 

 

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives. 

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(Read Original Story: Travelers Introduces Global Companion℠ Plus+ in Business Wire)


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