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.
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