The Impact of Emerging Technology on Equipment
Learn how emerging technology is impacting equipment breakdown, and five ways companies can prepare to be more resilient.
Travelers is committed to helping your agency succeed by offering a full range of industry-leading solutions to address the evolving needs of your clients.
When you consider Travelers for both our core and specialty lines coverages, you gain the advantage of a partnership that can help you:
Whether your focus is on small, middle or large-sized businesses, you can count on us to invest in the technologies, products and people that can bring your agency into the future—and help you grow your business.
For businesses of diverse industries and sizes, Travelers offers comprehensive insurance solutions designed to address risk across a spectrum of operations.
Video Source: Travelers Middle Market Multi-Line Purchase Behaviors, Perceived Value and Positioning Research, 2018 (0:26 – 0:40)
(DESCRIPTION)
Title, Focus on the Future with Specialty Lines. Animation, a man sits in a chair and talks to an agent behind a desk. A woman shakes hands with an agent.
(SPEECH)
[MUSIC PLAYING]
Like many insurance agents you're dedicated to growing your business while taking client service to the next level.
(DESCRIPTION)
A woman works online. A man works in a warehouse.
(SPEECH)
This includes helping businesses stay ahead of risk in the most efficient way possible.
(DESCRIPTION)
People watch as words appear on a big screen with the Travelers umbrella logo, cyber, environmental liability, global, equipment breakdown, inland marine, ocean marine, manufacturers E&O, umbrella and excess casualty, management and professional liability, surety bond.
(SPEECH)
Having the ability to place a broad mix of specialty line coverages with the same carrier allows you to deliver streamlined solutions with the expertise and convenience businesses have come to expect.
In fact, a survey we conducted revealed that over 70% of middle market business decision makers would prefer to work with only one carrier. More than 50% cited a coordinated claim experience, simplified billing, and the ease of making policy changes as key reasons.*
When you bundle multiple coverages with Travelers, you and your clients benefit from our underwriting expertise deep industry knowledge, and exceptional risk control and claim services. Tailored solutions in one place, help your clients broaden their protection with multiple specialty coverages from travelers. Talk to your Travelers representative or visit travelers.com today to learn more about our specialty coverages.
[MUSIC PLAYING]
(DESCRIPTION)
Small print, Travelers Casualty and Surety Company of America and its property casualty affiliates. One Tower Square, Hartford, Connecticut 0 6 1 8 3. This material does not amend, or otherwise affect, the provisions of any insurance policy issued by Travelers. It is not a representation that coverage does or does not exist for any particular claim or loss under any such policy. Coverage depends on the facts and circumstances involved in the claim or loss, all applicable policy provisions, and any applicable law.
*Video Source: Travelers Middle Market Multi-Line Purchase Behaviors, Perceived Value and Positioning Research, 2018 (0:26 – 0:40)
We’re committed to your agency’s growth. That’s why we offer resources to help you learn more about our specialized solutions.
Equipment Breakdown: 3 On-the-Go Insights [Video]
From advanced manufacturing applications to cloud-connected machines, equipment risks are changing. Yet breakdowns remain inevitable. Share these three trends to help your clients recognize the importance of equipment breakdown coverage.
(SPEECH)
[MUSIC PLAYING]
(DESCRIPTION)
Text, Focus on the Future, Equipment Breakdown 3 On-the-Go Insights
Animation depicts components of a computer system. Text, Cloud Smart Connected
(SPEECH)
From advanced manufacturing applications to cloud-connected machines, equipment risks are changing.
(DESCRIPTION)
Three boilers; two workers stand next to them.
(SPEECH)
Yet breakdowns remain inevitable.
(DESCRIPTION)
Three graphics; an electrical tower, digital equipment, and a man in a hard hat.
(SPEECH)
Share these three trends to help your clients recognize the importance of equipment breakdown
coverage.
First, aging infrastructure and new technology can increase the potential for equipment downtime. With electrical systems accounting for up to 20% of a building's value and power grids strained by aging equipment and new technology, the risk of electrical system breakdowns caused by power interruptions is increasing. Help clients manage increased risk with Travelers equipment breakdown coverage, streamlined with fewer endorsements needed to reach the right level of protection. Second, high-tech equipment failure can lead to higher exposures.
(DESCRIPTION)
A world map depicts exclamation marks on various countries.
(SPEECH)
Long lead times for costly repairs can jeopardize a tight supply chain, resulting in increased expenses and missed deadlines. Travelers stays ahead of today's complex technology, connecting eligible with vendors for sensors that can monitor pressure, temperature, detect water leakage, and more. Third, prevention is key. Advanced technology calls for our specially trained risk control consultants, who can help your clients with emerging and traditional prevention methods, including state-certified boiler inspections and recommendations for equipment maintenance training, and contingency planning. Travelers Boiler & Machinery-- helping your clients stay focused on the future. For more information, contact your Travelers representative, or visit travelers.com today.
[MUSIC PLAYING]
(DESCRIPTION)
Travelers Casualty and Surety Company of America and its property casualty affiliates. One Tower Square, Hartford, Connecticut, 06183. This material does not amend, or otherwise affect, the provisions of any insurance policy issued by Travelers. It is not a representation that coverage does or does not exist for any particular claim or loss under any such policy. Coverage depends on the facts and circumstances involved in the claim or loss, all applicable policy provisions, and any applicable law.
2020 Travelers Risk Index: Cyber [Infographic]
Here's a look at key findings, including heightened cyber risks associated with increased remote working due to the COVID-19 pandemic.
Environmental Practice Target Business Classes
Search this list of Travelers Environmental & Contractors Professional Practice Target classes.
Global Accounts for Global Business [Video]
No matter where your clients do business, Travelers has the global reach and expertise to help protect companies and people, across the country – and around the world.
3 Trends Driving Contractors' Equipment Risks in Construction
As construction businesses continue to adapt to the new normal, they are reassessing their operations, including how they manage risks to their equipment and building materials.
[MUSIC PLAYING]
(DESCRIPTION)
Logo and text, Focus on the Future. 3 Trends Driving Contractors' Equipment Risks in Construction. Animation, Workers in hard hats at a construction site.
(SPEECH)
As construction businesses continue to adapt to the new normal, they are reassessing their operations, including how they manage risks to their equipment and building materials. Keeping these three trends in sight, and having contractors equipment insurance coverage in place, can have a big impact on construction companies.
(DESCRIPTION)
Text, 1. Supply chain disruptions. 2. Theft and vandalism. 3. Industry growth. 1. Supply chain disruptions
(SPEECH)
More than ever, construction businesses are challenged by supply chain disruptions. Longer wait times for equipment parts and materials, along with higher shipping costs, lead to shortages, and that impacts profit. Key actions businesses can take to reduce supply chain issues include communicate more frequently with supply partners, identify alternative suppliers as a fallback plan, and place bigger volume orders when prices stabilize.
(DESCRIPTION)
2. Theft and vandalism
(SPEECH)
Soaring prices for commodities like steel, copper, and lumber as well as high-value equipment, are contributing to a rise in construction sites theft. To deter thieves and vandals, resilient businesses implement job site security strategies. These include taking advantage of digital technologies like GPS trackers for construction equipment and surveillance cameras with remote monitoring features.
(DESCRIPTION)
3. Industry growth
(SPEECH)
Growth in infrastructure activities will likely lead to new business capital entering the industry. While expansion is welcome, it may also bring new stresses to supply chains, and more theft as the competition for critical materials, skilled workers, and equipment heats up. Strategies to protect and maintain property and equipment can help reduce these risks.
With the right insurance and risk management resources, construction businesses can manage some of the most serious threats to their assets and operations.
(DESCRIPTION)
A person in a hard hat looks at a computer monitor. It has the Travelers logo with the text, Inland Marine Insurance for Construction. Three bullet points: Contractors' Equipment, Installation. Builders' Risk
(SPEECH)
Ask your travelers representative about how our customizable inland marine coverage, including contractors' equipment, installation, builders risk, and more can help protect your clients' businesses.
(DESCRIPTION)
Logo, Travelers. Text, Visit travelers dot com slash inland marine slash construction
Applications & Forms for Agents
Access all Management and Professional Liability applications and forms, as well as the Surety Bond Forms Library.
5 Cargo Theft Tactics and How to Help Prevent Them
Cargo theft comes in many forms, from fictitious pickups to misdirected loads. Learn cargo theft types and tips for cargo theft prevention.
The Top 100 Verdicts of 2021
Large verdict awards are becoming increasingly common. See which cases made the National Law Journal's Top 100 verdicts of 2021.
For more information, contact your Travelers Representative.
*Available through Travelers Bond & Specialty Insurance
Learn how emerging technology is impacting equipment breakdown, and five ways companies can prepare to be more resilient.
Travelers uses our transportation experience and science to assist companies with security best practices, proper securement techniques for loading and handling, theft prevention, and road safety issues.
Operating internationally brings new business risks, from global product liability to supply chain interruption.