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Travelers Construction Insurance Expands Pipeline with IndustryEdge(SM) for Plumbing and Mechanical Contractors


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© Business Wire 2008
2008-09-29 18:19:02 -

- It is no easy task running a high-quality construction firm in today's business environment. It's difficult to find enough time to deal with the normal, yet crucial, day-to-day needs of running a contracting business, let alone analyze the evolving risks and construction insurance needs that come with the plumbing and mechanical trades. With a thorough understanding of the risks

and the range of issues plumbing and mechanical contractors face, Travelers (NYSE: TRV) Construction announced today the availability of its newest contractors insurance product, IndustryEdge for Plumbing and Mechanical Contractors.

Travelers Construction recognizes that each contractor's situation is unique and works hard to deliver insurance and risk management solutions that are in-synch with a contractor's specific needs. Together with its network of independent agents, Travelers Construction built a total account solution that provides one source for construction insurance, risk management and claims handling. The latest product provides contractors liability insurance, workers compensation, commercial auto, property, inland marine and umbrella, as well as specialized coverages - specific to plumbing and mechanical contractors.

"Without the proper contractors insurance coverage for each part of their business, many contractors may be leaving themselves open to potentially disastrous business expenses that could be avoided," said Todd Bateson, President of Travelers Construction. "Travelers has a construction insurance team in place that has significant experience working with plumbing and mechanical contractors. We built this product utilizing that knowledge and experience, along with feedback from our agents and customers."

With the IndustryEdge for Plumbing and Mechanical Contractors product, Travelers Construction is targeting safety-minded plumbing and mechanical contractors that have 20 or more employees, with a broad spectrum of operations - from air conditioning to heating systems, water supply to sewer hook ups, and clean rooms to boilers. As with all IndustryEdge products, customers receive dedicated, contractor-specific safety and risk control solutions, as well as a dedicated and knowledgeable claim service staff.

Travelers Construction is on the leading edge of industry changes, not only responding to, but anticipating emerging risks and customer needs. With the IndustryEdge brand, Travelers Construction is staying in synch with its customers and agents and the industries in which they operate, providing broad-based insurance solutions with industry specific expertise.

For more information on construction insurance and the IndustryEdge for Plumbing and Mechanical Contractors product, contact Jim Carr, (860) 277-5752 or jccarr@travelers.com.

About Travelers

The Travelers Companies, Inc. (NYSE: TRV) 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. Travelers is a Fortune 100 company, with 2007 revenues of approximately $26 billion. The company has more than 33,000 employees. For more information on being in-synch, visit www.travelers.com.

Travelers Companies, Inc.
Jeffrey Weir, 860-277-8692
jsweir@travelers.com


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