Small business insurance from Travelers
Travelers is one of the world's leading small business insurers. Founded in 1853 and making its first payout two years later after a small bakery fire, the company has grown to be one of the biggest insurance carriers in the U.S. and now insures over a million small businesses across the globe. With over 30,000 employees worldwide, Travelers has a wealth of expertise on the risks small businesses face and it offers a wide variety of insurance products.
What if I need property and general liability coverage?
That's a Business Owner's Policy
What does it cover? A BOP combines Property coverage and General Liability coverage in one neat and convenient package. This will cover your business against a range of risks including damage to your property (equipment, building damage, etc.) due to disasters such as a fire, claims from third parties due to bodily injury and property damage, and interruptions to business income due to suspended operations.
When do you have to have it? Recommended if you are starting up your business. An essential consideration if your business operates from a premises that is accessed by anyone who is not an employee (customers, contractors, members of public, etc.)
Approximate Cost $500 - $3000 approximately, depending on the size and nature of your business.
Is Travelers right for my business?
Travelers has expertise in covering business risks in over 20 different industries, including real estate, construction and finance. Policies can be tailored to meet your own specific needs and unique risks. From bespoke Business Owner's Policies for retailers with a shop front to Cyber Insurance and Directors & Officers Insurance for tech startups, Travelers is equipped to deal with a wide range of small business needs.
How does Travelers compare?
Travelers Insurance is headquartered in New York City and has operations in countries around the globe, such as the United States, the United Kingdom, Canada, Ireland and Brazil. It was founded in 1853 and today has over a million small business customers worldwide. Its J.D. Power rating, which measures customer satisfaction, is 2 out of 5 in terms of overall satisfaction as well as its claims rating - which is a good indicator of how well you will be treated in the event of a problem. Travelers' financial strength rating is A++ (superior) according to ratings agency A.M. Best. This indicates how well an insurer can pay its claims.
Check out other carriers
Depending on your industry and size of business, you’ll need different insurance coverages and will be evaluated differently by carriers. Check out the insurers below to learn about their offerings and how they may be applicable to your business:
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