Travelers Introduces Global Companion℠ Plus+
November 10 2020 - 9:39AM
Business Wire
The Travelers Companies, Inc. (NYSE: TRV) today announced the
launch of Global Companion Plus+. This new product builds upon the
company’s broad property and casualty offerings for U.S. firms with
foreign exposures.
Features of Global Companion Plus+ include:
- Primary Foreign Voluntary Workers Compensation: Protects
employees who are working outside of their home countries.
- Financial Interest: Provides a separate $1 million limit
for U.S.-based companies as an extra layer of protection when an
eligible foreign subsidiary suffers a covered loss.
- Global Panel Counsel Service: Helps businesses in need
of legal assistance abroad find in-country representation
experienced in local regulations and languages.
- Emergency Evacuation Coverage: Offsets the cost
of employees who must evacuate while abroad. This now includes
coverage for 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,” said Tony Giannone, Vice President of the Multinational
Accounts Practice at Travelers. “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.”
Travelers provides global coverage in conjunction with its
strategic alliances in the International Network of Insurance
(INI), which includes major international insurance companies from
more than 150 countries. As the INI’s exclusive U.S. insurer,
Travelers is able to offer customers access to experts around the
world who have a deep understanding of local laws, regulations,
customs and services, including specialized local claim
professionals coordinated through Travelers’ Global Claim team.
To learn more about Global Companion Plus+, contact your
insurance agent or broker, or visit
Travelers.com/GlobalSolutions.
About Travelers
The Travelers Companies, Inc. (NYSE: TRV) is a leading provider
of property casualty insurance for auto, home and business. A
component of the Dow Jones Industrial Average, Travelers has
approximately 30,000 employees and generated revenues of
approximately $32 billion in 2019. For more information, visit
Travelers.com.
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Media: Caroline Lee, 860.277.7755
celee2@travelers.com
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