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 Property & Casualty Insurance                                          

Whether your company is a start-up, fast-emerging tech company or an established global enterprise, you expect insurance solutions tailored to your specific needs. Recognizing this, in 1984, Travelers built a business group dedicated exclusively to insuring technology companies.
 
Through their specialized practice – honed over two decades of providing underwriting, risk control and claim expertise to the tech market – they’ve learned what it means to protect technology clients from business risks that seem to change in the blink of a cursor.

Relying on their depth and breadth of insurance solutions along with their proven expertise, Travelers helps you to anticipate and respond effectively to both the cutting-edge threats and everyday hazards you face.

Today, they're the insurance provider of choice for a vast range of U.S.-based technology companies in every corner of the globe and in every business stage. From emerging companies to publicly traded multinationals, they offer a variety of options based on size.

 

Travelers Coverages

High-tech companies operate in a complex environment that demands optimum risk management and cost effective risk transfer.  Their network of solutions is built to provide you with tailored coverages that work together, reducing the risk of coverage gaps or duplications, and include: property, general liability, umbrella, errors and omissions, and internet liability.

Key features include:

  • International coverage capabilities – in almost all countries of the world for any size company.

  • Errors and Omissions coverage options and Internet Liability coverage options among a variety of specialized coverage designed for technology companies

  • Simplified 24-hours claim reporting by calling a toll-free number or accessing online services

  • Customized risk management services, tools for work site analysis, hazard prevention and control, safety and health training

  • Leading coverage at great pricing

  • Rapid underwriting decisions

 For more information, please contact Veronica Franco at 202.682.4459.

Two Travelers offerings that may meet your specific needs are:


 For emerging companies with
up to $15 million in annual revenues


For companies with up to
$25 million in annual revenues

Annual revenue  up to $15 Million                                       


Organizations like yours are innovators in the technology industry. Travelers understands your specific insurance needs. That is why they offer an extensive line of technology coverage, including:
 

Technology VisionPak  Premier Property Protection

Covers key technology property exposure including:

  • Computer hardware, software and data
  • Direct physical loss or damage caused by a random attack, a hacking event, a computer virus, computer systems fraud, or employee dishonesty (includes off-premises coverage)
  • Telecommunication theft
  • Money and securities
  • Property in unscheduled locations or in transit
  • Earnings and extra expense protection
     

Technology VisionPak Commercial General Liability Protection

Offers protection for bodily, personal and advertising injury, as well as property damage and medical expenses. It also provides legal defense against claims that seek compensation for such injury.

This policy is all inclusive, covering volunteers workers, equipment lessors, landlords, vendors, plus other person or organizations as specified by written contract.
 

Technology Errors and Omissions (E&O) Liability Protection

E&O coverage is critical for damage you must pay to your customers because of an error, omission or negligent act involving your products or your work. Key advantages include:

  • Worldwide coverage, protecting you regardless of where the suit is brought
  • Protection against claims and suits alleging loss or impairment of your customers' data
  • Automatic coverage for your newly acquired or formed organization for up to 90 days.
     
    •

Technology Internet Liability Protection

This covers damages resulting from key e-business wrongful acts, including:

  • Failure to protect private or confidential information of others from unauthorized internet access.
  • Failure to prevent transmission of computer viruses.
  • Infringement of copyright, title, slogan trademark, trade name, trade dress, service mark or service name in your Internet material.
  • Unauthorized use of any advertising, slogan, or title of others in the advertising of their business.


For more information, please contact Veronica Franco at 202.682.4459.


Other VisionPak Coverages

a Workers Compensation

a Company owned auto  liability and physical damage

a Hired and non-owned automobile liability

a Limited sudden and automobile accidental pollution coverage.

a Excess umbrella liability

a System breakdown (including spoilage)

a Flood and earthquake protection

a Global property and liability coverage extensions.
 

Cybertech + Liability Protection

Combines two leading policies--Technology errors and Omissions Liability Protection and Technology Internet Liability Protection – into a single insurance product that shares a single limit and deductibles.
 
 Annual Revenue up to $25 Million                              

This useful service provides a specialized, all-lines insurance for small to mid-size technology companies. TechXpress is designed for technology companies with annual revenues up to $25 million that can generate a package premium of $5,000.
 

Core Coverages

include unique commercial general liability and property policies tailor-made for technology clients:

  • Technology General Liability Protection
    Robust advertising and personal injury protection
    Covered material includes electronic communications and the Internet
     

  • TechFlex® Premier Property Protection
    Protects buildings, and business personal property
    Blanket of earnings and extra expense
    Up to 30 additional benefits with variable limits.
     

Optional Coverages

Includes the full palatte of Network of Solutions® coverages at your disposal

  • Workers Compensation or Stop Gap
  • Commercial Auto
  • Umbrella
  • Technology E&O
  • Technology Internet Liability
  • Technology INTERNETbasic
  • CyberTech+SM   
  • Global Coverage Extensions
  • Employee Benefits Liability (EBL)
  • Global ComparisonSM Coverage
     Worldwide Premises premises and products liability
    Foreign voluntary workers comp
    Foreign hired/non-owned auto liability
    Worldwide personal belongings
    Global Executive Support    SM service    s

 

For more information, please
contact Veronica Franco at 202.682.4459.

About Travelers

With more than 150 years of leadership, experience and stability, Travelers is a Fortune 100 company and the second-largest commercial property-liability insurer in the United States. Independent services, such as A.M. Best, Standard & Poor's and Moody's, consistently give high financial strength ratings to Travelers.

The Travelers Technology Unit has specialized in the unique insurance needs of technology companies for nearly 30 years. They deliver customized insurance protection, risk controls and claim solutions for the evolving industry and the challenges that lie ahead.

This page was last updated on 08/10/06.  
Copyright © 2005 American Electronics Association.  All rights reserved.

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