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.