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Travelers Introduces Crisis Management Expenses Endorsement

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^{Published in Business and Finance on Tuesday, April 5th 2011 at 10:35 GMT by Market Wire}  

HARTFORD, Conn.--([ BUSINESS WIRE ])--Travelers (NYSE:TRV) today announced a new crisis management expenses endorsement for commercial umbrella policies to help mitigate the negative publicity generated by a crisis event. The Travelers endorsement has an aggregate limit for all crises combined that will pay up to $50,000* for expenses incurred for retaining a public relations/crisis management consulting firm or planning and executing a public relations campaign.

"In the event that a crisis could result in one or more liability claims reaching your umbrella policy, Travelersa™ Crisis Management Services Expenses Endorsement can help"

aIn the event that a crisis could result in one or more liability claims reaching your umbrella policy, Travelersa™ Crisis Management Services Expenses Endorsement can help,a said Michael Klein, President of Travelers Middle Market. aThis endorsement provides coverage to qualified insureds to help protect their business and its single greatest asset a" its reputation.a

Key features of the Travelers Crisis Management Services Expenses Endorsement include:

• Choice of crisis communications firm. Unlike other carriers, Travelers does not dictate which firms can be used.
• Coverage for the duration of a crisis. Once activated, the endorsement will cover expenses until Travelers determines that the crisis is over or until the limit is exhausted a" whichever occurs first.

The endorsement limit is not a sublimit to any of the other policy limits a" but rather applies in addition to other limits. This coverage will be immediately available on an admitted basis in 43 states, and is expected to be available in most other states in 2011.

Knowing that no two industries are the same, Travelers offers an endless combination of tailored commercial insurance products, services and specialized expertise for hundreds of industries. Travelers Crisis Management Expenses Endorsement is yet another example of Travelersa™ broad insurance protection thata™s far-reaching, flexible and focused, all found in one place.

About Travelers
The Travelers Companies, Inc. (NYSE: [ TRV ]) is a leading property casualty insurer selling primarily through independent agents and brokers. The companya™s diverse business lines offer its global customers a wide range of coverage in the [ auto ], [ home ] and [ business ] settings. A component of the Dow Jones Industrial Average, Travelers has more than 30,000 employees and generated revenues of approximately $25 billion in 2010. For more information, visit [ www.travelers.com ].

* A different limit may be available for Travelers Excess Casualty customers.