Travelers expands appetite with industryedge®
for craft breweries
Hartford, conn.--(business wire)--brewing craft beers is often a labor of love – but one that also poses unique exposures as this segment continues to grow rapidly. according to the brewers association, the number of craft brewers has grown from 8 to 1,600 in the past 30 years. to help small brewers protect their investment, travelers today announced a new, specialized insurance offering with industryedge® for craft breweries. industryedge for craft breweries includes industry-specific insurance coverages, experienced risk control consultants and dedicated claim services that are tailored to the nuances of this niche and specialized segment. finding a wide array of coverages to properly insure a craft brewer’s operation with a single company can be challenging. “travelers is one of the only companies that has the depth and breadth of underwriting expertise to offer core coverage for commercial insurance as well as specialty coverage for equipment breakdown, contamination risks, and product recalls, along with the ability to provide surety bonds,” said scott higgins, president of travelers commercial accounts. “industryedge for craft breweries captures the specialized capabilities and coverages from travelers business insurance to create a total solution that’s on-tap for this niche industry.” in addition to offering the core lines of commercial insurance such as general liability, workers compensation, commercial auto, property and umbrella, the industryedge offering features specialized coverage and service options including: equipment breakdown – includes guidance on the care and maintenance of boilers, processing units and pressure vessels and any required jurisdictional inspections. food industry amendatory endorsement – extends $250,000 in coverage to stock damaged by contamination, dampness or dryness of atmosphere. unlike many competitors, travelers provides a $25,000 built-in limit for the extra expenses associated with contamination, dampness or dryness of atmosphere. also, covered property is extended to include underground piping within 1,000 feet of the described premises. contamination costs – includes business income/extra expense limit of $50,000. product recall expense – protects against costly recall expenses in the event of a voluntary or government mandated recall. surety and licensing bonds – covers various needs from tax bonds to license bonds. a sampling of risk control and claim services specialized for craft breweries includes: industrial hygiene business continuity crisis management slip & fall prevention travcomp® – our workers compensation claim management solution that allows case managers a platform to access critical claim, billing and medical information in real time. “travelers clearly understands how the brewery business operates, and we are looking forward to serving this niche industry,” said dave stevenson, industry manager for travelers commercial accounts. “the inclusion of craft breweries is a great addition to our already broad food manufacturing and processing industry appetite that includes milk and dairy, fruits and vegetables, meats and seafood, bakery products/dry goods, wineries, prepared foods, confectioneries and candies to name a few.” knowing that no two industries are the same, travelers offers an extensive array of tailored commercial insurance products, services and specialized expertise for hundreds of industries. travelers industryedge for craft breweries is yet another example of travelers’ broad insurance protection that’s far-reaching, flexible and focused – all found in one place. about travelersthe travelers companies, inc. (nyse: trv) is a leading provider of property casualty insurance for auto, home and business. the company’s diverse business lines offer its global customers a wide range of coverage sold primarily through independent agents and brokers. a component of the dow jones industrial average, travelers has more than 30,000 employees and operations in the u.s., canada, u.k. and ireland. the company generated revenues of approximately $25 billion in 2010. for more information, visit www.travelers.com.
