Travelers Bond Launches Online Premium Indication Tool

April 9, 2003

Travelers Bond, a division of Travelers Property Casualty Corp. announced the debut of a new tool that allows agents to obtain – via the Internet – premium indications for Travelers executive liability products. This capability is now available to Travelers Bond agents who have registered for access to the Web site at www.travelersagents.com.

“Our new premium indication facility offers our agents a valuable service,” says Jeff Klenk, senior vice president, Executive Liability for Travelers Bond. “They can use the system to enter a minimal amount of information about their client or prospect, and in only a few screens they can instantly obtain a premium indication for one of our many executive liability products to use in their marketing efforts.”

The online indications allow agents to show their clients the potential cost of executive liability coverages early in the process, and will assist them in qualifying potential customers. Obtaining indications online means that agents are able to access the service quickly, and at any time when it is convenient for them – even during a client or prospect meeting.

“This new indication facility represents yet another automation solution from Travelers for independent agents,” said Klenk. “Bond’s dedicated team will continue to develop and implement solutions that make it easier for our agents to do business with us. Creating efficiencies with our agents and brokers is a cornerstone to our e-Commerce strategy.”

Using the system, agents may obtain a no-obligation premium indication quickly, with minimal data and just a few clicks of a mouse. Premium indications are currently available for the following executive liability insurance products:

Employment Practices Liability
Fiduciary Liability
Miscellaneous Professional Liability
Directors & Officers Liability for Private Companies
Directors & Officers Liability for Non-Profit Organizations
Directors & Officers Liability for Homeowner and Condominium Associations
Employee Dishonesty

In addition to the real time indications, the site also has quick links to a wide variety of marketing and educational materials, including claim examples, specimen polices, and online risk management resources. These marketing resources are supported by underwriting professionals at the local level, ready to provide producers and customers with the responsive service they need.

For more information on Bond products and how to register for access to the agents portal Web site, Travelers agents should contact their local Bond underwriter.

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