Boiler and Machinery Reinsurance
This new program furnishes comprehensive reinsurance, underwriting, engineering and claims services to a wide variety of carriers that do not have in-house boiler & machinery capabilities. It expands the offerings of carriers by providing them with the resources agents need to grow their business. This enables agents to offer their customers sophisticated equipment breakdown coverages for exposures that are rarely covered by their commercial property insurance.
This program is designed for premier regional and national property insurance carriers that understand the importance of offering their client base a well rounded insurance program. It works with carriers to create a customized product for their customers. This program also provides reinsurance via the company's current filings or tailored Boiler & Machinery endorsements for various property products. Treaty, semi-automatic treaty, facultative treaty and individual facultative placements are options available to clients.
Recognizing the complexity of equipment breakdown coverage, a team of board-certified engineers, dedicated exclusively to servicing boiler & machinery business, works closely with carriers and their clients to understand the operation. The engineers are available to:
- Identify and evaluate exposures
- Evaluate or assist in establishing maintenance and repair programs
- Suggest testing procedures
- Provide jurisdictional inspections
This service also provides carriers with claim experts dedicated exclusively to the Boiler & Machinery line. Working directly with underwriters and engineers, the claim technical staff has immediate decision-making authority. This, coupled with the use of field office adjusters and proprietary technology, provides insureds with increased effectiveness and superior service at competitive prices.
Travelers Property Casualty Corp., One Tower Square, Hartford, CT 06183 Phone: (860) 277-2061