Serving the risk management and commercial insurance needs of business. Cravens Warren, founded in 1946, has been serving the insurance needs of... read more
Back to ‹ Insurance News
Travelers Construction Expands eQuote System to Include Railroad Protective Liability Coverage
Expanded eQuote System Provides ''24/7'' Access to Quote and Bind Coverage HARTFORD, Conn.--(BUSINESS WIRE)--April 1, 2008--Travelers (NYSE: TRV) Construction today expanded its eQuote system to include Railroad Protective Liability coverage (RRP). Designed with the Travelers Independent Agent network in mind, the addition of Travelers Construction's RRP to the eQuote system allows agents to quote, bind, obtain a policy number and print a proposal for most jobs. For jobs that require additional underwriting review, the quote will generally be delivered within 24 hours. The eQuote system also allows Travelers agents to quote RRP coverage for construction companies whose general liability coverage is written with a carrier other than Travelers. "Adding Railroad Protective Liability coverage to the eQuote system is an obvious next step for Travelers Construction, as we look to streamline the quoting and binding process for our independent agents," said Todd Bateson, president, Travelers Construction. "There is a strong demand placed on the independent agent to quickly respond to requests for such specialized coverage and we are excited to add ways to help our agents be more responsive to their customers." Travelers' dedicated OCP/RRP Unit has specialized Railroad Protective underwriting knowledge that can be put to work for construction contractors who need to provide this coverage. Travelers Construction's RRP is provided on an admitted-market basis on a form accepted by the Railroad Insurance Management Association. Commonly requested limits are $2 million per occurrence / $6 million aggregate, though other limits of liability are available subject to underwriting review and approval. The underwriting requirements include: * Construction operation anticipated for the project * Contract cost and cost of the project within 50 feet of a railroad * Contractor's limits equal to or greater than the requested railroad protective limits For more information, contact the Travelers OCP/RRP unit at 732.494.3800 or visit Travelers' online agent portal. The agent portal is password-protected and offers printable forms and instructions. Visit travelers.com and select "Agents & Brokers" to begin the process. About Travelers Travelers understands that life and business are inherently dynamic and that the best way to serve agents, brokers and policyholders is to deliver insurance that evolves to stay in-synch with life and business as they change. For more information on being in-synch, visit www.travelers.com.