Product and Appetite Guide

73 Pages·2016·2.08 MB·English

Product and Appetite Guide
Travelers Canada Business Insurance
NATIONAl AND SPECIAlTy
SElECT ExPRESS SElECT PluS MIDDlE MARkET
ACCOuNTS
Small, non-complex Small to mid-Size mid-Size to large large and Specialized
commercial riSkS commercial riSkS commercial riSkS commercial riSkS
Construction
Automotive services Business and Entertainment
professional services Electrical equipment manufacturers
Hospitality Marine
Construction IndustryEdge® for Hotels
Office Oil & Gas
Oil & Gas contractor operations IndustryEdge® for Restaurants
Realty Passenger
Hospitality IndustryEdge® for Food and Beverage Transportation
Retail
Manufacturers
Manufacturing National Programs
Trades IndustryEdge® for Metal Products
& MGAs
Wholesale Realty Manufacturers
Public Sector
Retail IndustryEdge® for Mineral Products
Manufacturers National Property
Wholesale
IndustryEdge® for Plastic and Rubber
Goods Products Manufacturers
Put in a header that says:
IndustryEdge® for Textiles
Small, non-complex
Manufacturers
commercial
IndustryEdge® for Wood Products
automobile riSkS
Small, non-complex Individu- Manufacturers
IndustryEdge® for Printers
Individually Rated
Publishers
Commercial
Automobile (IRCA) IndustryEdge® for Real Estate
IndustryEdge® for Retail
IndustryEdge® for Technology
IndustryEdge® for Wholesalers,
Distributors and Importers
additional information
About this guide Risk Control services
Travelers Canada Cross Border services
NATIONAl & SPECIAlTy
SElECT ExPRESS SElECT PluS MIDDlE MARkET
ACCOuNTS
Solutions for small, non-complex businesses
The Select express team underwrites small, non-complex E-CLIPS features:
business using our award-winning E-ClIPS portal.
A “quick quote” process that determines if our premium is going
to be competitive in just 30 seconds
Our seven package products within Select Express provide
straightforward terms and conditions with easy to understand A full quote process that takes only 5 minutes
coverage. limits can easily be tailored to suit your clients’
Binding that can be completed in under 5 minutes
needs through packaged extension options with the ability to
Competitive premiums, particularly for trades, automotive services
buy up.
and offices
Automotive services 15 percent discretionary pricing available
Hospitality
A complete CSIO application can be completed at the click of a
Office button, which can be forwarded to a Select underwriter (if the risk
falls outside of E-ClIPS appetite) or to another market
Realty
Brokers that make use of PolicyWorks as their commercial
Retail
management system can benefit from automatic data exchange
Trades
with E-ClIPS
Wholesale
Broad coverage created to meet the insurance needs of the different
industries/E-ClIPS products
Select Express also underwrites Individually Rated Commercial
Automobile (IRCA) risks. Available extensions and optional coverage
Claims-free deductible credit
IRCA
Multi-policy discount – 10 percent on commercial auto and percent
Submissions on the commercial property
Send all submissions for Select Express Professional quote proposal that outlines key coverages
to [email protected] and deductibles
Once a broker has finalized a quote in our portal, it is exclusively
his/hers; no other broker can quote the same risk using E-ClIPS
Table of ConTenTs
NATIONAl & SPECIAlTy
SElECT ExPRESS SElECT PluS MIDDlE MARkET
ACCOuNTS
Automotive services – in appetite
GEnErALLy ExCLudEd + othEr rEquIrEmEntS +
– Auto detailing
– Auto glass repair and installation
– Auto repair garage – mechanical repair and gas sales*
– Auto repair garage – mechanical repairs only*
– Auto rustproofing
– Car stereo and alarm – sales and installation*
– Car wash – automatic
– Car wash – self-serve
– Gas station – full-serve and self-serve (no auto repairs)
– Gas station – self-serve only (no auto repairs)
– Gas station with mechanical repairs
– Muffler repair
– Oil change and lubrication
– Radiator repair
– Transmission repair
We have the capacity to quote Garage SPF#4 capabilities for
non-owned auto.
*Mandatory theft protection required
resources
Sell sheet
Table of ConTenTs
NATIONAl & SPECIAlTy
SElECT ExPRESS SElECT PluS MIDDlE MARkET
ACCOuNTS
Automotive services – featured coverages
designed for businesses that maintain or repair private passenger or small commercial vehicles.
Pollution cleanup and removal – Coverage for the expense to extract Equipment breakdown – Coverage for boilers, air conditioning and
pollutants from land or water at the described premises resulting from a refrigeration equipment, and mechanical and electrical equipment on
covered cause of loss. limit of $25,000. your premises is automatically included for repair or replacement.
limited pollution – Coverage for bodily injury or property damage from an Business income form – Coverage for the actual loss of business income
unexpected or unintentional spill of pollutants if detected within 120 hours sustained (for up to 12 months) caused by an interruption in the insured
and reported immediately. Tanks must be under 15 years of age to qualify business or ability to rent your premises resulting from a covered cause
for coverage. limit of $500,000. of loss. This policy also covers those expenses incurred to resume normal
business operations after the loss.
Insured’s tools – Coverage for the insured’s tools is provided on the
premises or off-premises. Contingent business interruption – Coverage for loss of income as a
result of damage by a covered cause of loss to the property of a supplier,
Employees’ tools – Coverage for tools belonging to an employee used in
customer or anchor business which attracts business to the insured.
the business of the insured is provided on the premises or off-premises.
Advertising liability – Personal injury and advertising liability for
Gas pumps – Coverage for gas pumps are included in the value of the
claims arising out of libel, slander, false arrest, wrongful eviction and
business contents.
infringement of copyright.
Gas in underground tanks – Coverage for specified named perils.
Hoist collision – Coverage for accidental collision between insured’s
hydraulic or mechanical hoists and another object.
Peak season endorsement – The amount of insurance on business
contents is automatically increased by 25 percent of business.
Table of ConTenTs
NATIONAl & SPECIAlTy
SElECT ExPRESS SElECT PluS MIDDlE MARkET
ACCOuNTS
hospitality – in appetite
GEnErALLy ExCLudEd + othEr rEquIrEmEntS +
All E-ClIPS Hospitality quotes are quoted by our
Select Express Team.
– Cafe, coffee shop (no Internet cafes)
– Delicatessen with seating (no alcohol sales)
– Donut shop – takeout only (no baking or deep fat frying)
– Donut shop with baking/deep fat frying
– Drive-through restaurant
– Food court operation – takeout only
– Restaurant – licensed (no dancing or live entertainment)*
– Restaurant (no alcohol sales or entertainment)
– Takeout food service (no delivery)
*Mandatory theft protection required
resources
Sell sheet
Table of ConTenTs
NATIONAl & SPECIAlTy
SElECT ExPRESS SElECT PluS MIDDlE MARkET
ACCOuNTS
hospitality – featured coverages
designed for small family restaurants with limited liquor sales, risks in food courts, and takeout food operations
with minor off-premises catering.
Personal property of customers – Coverage for up to $1,000 per business or ability to rent your premises resulting from a covered cause
customer at the insured premises if the items are in the insured’s of loss. Also covers those expenses incurred to resume normal business
safekeeping or if they are responsible for it. operations after the loss.
Stock spoilage – Coverage for loss or damage to perishable foods due Contingent business – Coverage for loss of income as a result of damage
to change in temperature resulting from insured damage to specified by an insured loss to the property of a supplier, customer or anchor
equipment on- or off-premises. business which attracts business to your premises, up to a limit of $25,000.
Equipment breakdown – Coverage for boilers, air conditioning and
refrigeration, and mechanical and electrical equipment on your
premises is automatically included for repair or replacement.
Fire suppression recharge – Coverage for the cost of recharging your
automatic fire suppression system if the discharge was caused by a
covered cause of loss.
Business income form – Coverage for the actual loss of business income
sustained (for up to 12 months) due to an interruption to the insured
Table of ConTenTs
NATIONAl & SPECIAlTy
SElECT ExPRESS SElECT PluS MIDDlE MARkET
ACCOuNTS
office – in appetite
GEnErALLy ExCLudEd + othEr rEquIrEmEntS +
– Accountants – Mortgage brokers
– Acoustical consultants – Notaries
– Actuarial consultants – Obstetricians
– Anaesthetists – Occupational therapists
– Architects – Oculists
– Audiologists (no retail) – Ophthalmologists
– Auditors – Optometrists (no retail)
– Bookkeepers – Osteopaths
– Career consultants including résumé – Periodontists
writing (no placement agencies) – Physiotherapists
– Chiropodists – Podiatrists
– Chiropractors – Psychiatrists and psychologists
– Consulting engineers – quality assurance consultants
– Dentists and hygienists – Real estate agents
(no dental laboratories) (no property management)
– Dermatologists – Registered dieticians
– Export consultants (no freight forwarders) – Registered massage therapists
– Financial planners (no other treatments/modalities;
– General practitioners and family doctors not massage parlours)
– Graphic designers (no Web development) – Surgeon specialists – office only
– Gynecologists – Tax preparation services
– Health and safety consultants – Translation services
– Hearing aid services (no retail) – Travel agents (excluding tour
– Human resources/Personnel operators/guides)
consultants (no placement agencies) – urban planning consultants
– Insurance adjusters, insurance – Wedding/Event planners (no retail)
agents and brokers
*Mandatory theft protection required
– Interior decorators (no installations)
– Investment firms and commodities brokers
resources
– lawyers, barristers and solicitors
Sell sheet
Table of ConTenTs
NATIONAl & SPECIAlTy
SElECT ExPRESS SElECT PluS MIDDlE MARkET
ACCOuNTS
office – featured coverages
comprehensive coverage for offices with off-premises operations limited to visiting the premises of others for consultation,
exhibitions, employee seminars and social functions.
Business contents – Coverage for business contents includes EDP Employee benefits – Coverage for errors and omissions in the
and media coverages, as well as merchandise, furniture, fixtures and administration of employee benefit plans.
equipment. laptops on premises are included in this coverage.
Employer’s liability – Coverage for bodily injury to employees who are
laptops off-premises are covered under transit and contents at
not covered by worker’s compensation.
unnamed locations.
Equipment breakdown – Coverage for boilers, air conditioning and
Data coverage – Coverage for a loss of data by a named peril up to the
refrigeration equipment, mechanical, electrical equipment and
limit indicated, in addition to the business contents limit.
electronic equipment on your premises is automatically included for
Computer breakdown – Coverage for mechanical breakdown of data repair or replacement.
processing equipment and media, subject to a $1,000 deductible.
Business income form – Coverage for the actual loss of business
Valuable papers – Coverage applies to the cost of research and other income sustained (for up to 12 months) caused by an interruption to
expenses to reproduce books of account and other records damaged the insured business or ability to rent your premises resulting from a
by a covered loss. covered cause of loss. Also covers those expenses incurred to resume
normal business operations after the loss.
Fine arts – Fine arts on the premises are covered up to 50 percent of
the business contents limit. The business contents limit must include
the total value of all your fine arts. The $2,500 limit shown is the
maximum payable for any one item.
Personal and advertising injury – liability coverage for claims arising
out of libel, slander, false arrest, wrongful eviction and/or infringement
of copyright.
Table of ConTenTs
NATIONAl & SPECIAlTy
SElECT ExPRESS SElECT PluS MIDDlE MARkET
ACCOuNTS
realty – in appetite
GEnErALLy ExCLudEd + othEr rEquIrEmEntS +
– Apartment buildings over 4 units, with or without retail occupancy
– Condominium unit leased to residential, office, retail or
hospitality operations
– Multiple occupancies with retail, office tenants and apartments
– Office buildings
– Retail with or without restaurant
– Strip malls (not enclosed shopping malls)
– Townhouse building complex (not condominiums)
– As an additional location only:
– Rented dwellings (1 – 4 families)
– Vacant land (excluding any development or construction)
– This risk has been owned and operated for a minimum of
3 years or the owner must be qualified and have a minimum
of 3 years related business experience
resources
Sell sheet
Table of ConTenTs