Travelers Launches New Product for Building Services Contractors

Travelers has unveiled a new coverage the company says will help building services contractors better minimize their risks.

Travelers' new IndustryEdge product for Building Services Contractors includes core lines of commercial insurance such as general liability, workers' compensation, commercial auto, property and umbrella, as well as specialized features and solutions. These include:

* Coverage for damage to personal property in the care, custody or control of the insured

* Coverage for scheduled equipment, including optional Lost Keys Coverage, which covers the cost to adjust or install new locks if a client's keys are lost or stolen

* Coverage for theft of a client's property by an identified employee

"In this challenging economic climate, when some building services contractors may not have the means to pay for uncovered claims out-of-pocket, it is imperative that they have adequate insurance coverage and utilize risk management tools and procedures to control costs," said Deb Denker, industry manager for Travelers Commercial Accounts. "Travelers IndustryEdge for Building Services Contractors was designed to help agents and their customers pinpoint the coverage necessary to manage their business."