Travelers has redesigned its personal insurance web experience. Markel has enhanced its professional liability coverage for hard-to-place law firms. Berkley is now offering per-project primary limits for design firms.
The Travelers Cos. has redesigned the personal insurance section on Travelers.com, with new features and information to help customers navigate the process of buying, selling and insuring a home or car. The site also provides agents with access to co-branded marketing tools that they can easily adapt for customers and prospects.
The site’s new features include:
- Home Central—Information about home buying, renovating, selling and more, including tips for first-time homebuyers and suggestions on how to stage a house when you are ready to sell.
- OpenHouse—Allows consumers to enter an address and view permits associated with a house they are considering buying, which can tell them about major roof repairs, heating and cooling work, and significant plumbing and/or electrical repairs that may have been done. OpenHouse is offered in partnership with data aggregator BuildFax.
- Travelers Garage—Auto tips, such as how to shop for a used car, leasing vs. buying, a car maintenance checklist and how to save on car insurance.
Markel Corp. has enhanced its policy form and protections for hard-to-insure law firms that can no longer secure coverage in the admitted markets.
The coverage is available on an excess and surplus lines basis using a claims-made policy form. Highlights include: disciplinary proceedings coverage up to $50,000; policy limits of $5 million per claim/aggregate; coverage for breach of network and information security system; and new optional coverage enhancements—mutual choice of counsel, subpoena coverage and expanded consent to settle provisions.
Target risks are law firms with three to 50 attorneys. Risk management services include a risk management hotline, and claims are adjusted by an in-house, dedicated team of Markel professionals.
The product is available through regionally based underwriting teams located in Richmond, Va.; Chicago; Plano, Texas; Red Bank, N.J.; New York City; Alpharetta, Ga.; Scottsdale, Ariz.; Woodland Hills, Calif; and San Francisco.
Berkley Design Professional, a division of Berkley Alliance Managers and a member company of W. R. Berkley Corp., has expanded its coverage for the architects and engineers professional liability segment with a new per-project primary limits coverage for design firm customers.
The addition provides a dedicated limit for every project a design firm has worked on after the retroactive date stated in the firm’s professional liability insurance policy, even if the policy aggregate limit is exhausted. The coverage offers a separate limit for all of a firm’s projects, and claims do not erode the policy aggregate limit unless the per-project limit is exceeded.