Abacus, Travelers Team Up for Online Events Insurance Program

Travelers has been named by Abacus Insurance Brokers as the carrier for the Abacus Special Event Program, its online events program, effective immediately.

Abacus Insurance Brokers is a Los Angeles-based retail and wholesale insurance brokerage that distributes traditional and specialty insurance products online through Abacus.net. The Abacus Special Event Program provides coverage for more than 200 types of events of any size and duration such as plays, concerts, weddings, meetings and festivals. The program coverages include the following: general liability, liquor liability, automobile liability and physical damage, umbrella, third party property damage, rented equipment, props, sets and wardrobe. The coverages can be underwritten as a single event or as multiple events on an annual policy.

Working through Travelers Encore Entertainment in Glendale, Calif., a dedicated specialty practice within Travelers, Abacus Insurance Brokers will serve as Travelers’ program manager, offering the event program in all 50 states.

“Teaming with Abacus allows us to expand our reach in an important segment of the entertainment industry – one that demands first-class products, specialized services and expert delivery,” said Yvonne Cordova, regional vice president, Travelers Encore Entertainment in Glendale, Calif.

“The combination of Abacus’ cutting edge online delivery platform coupled with Travelers’ expertise in the entertainment field is unmatched in the insurance industry,” said Darren Lewin, vice president of program development, Abacus. “This relationship positions both Travelers and Abacus as leading players of special event insurance with exciting opportunities for growth.”

Source: Travelers, Abacus