Products: Travelers launches commercial cover specifically for the plastics industry
Travelers has launched a new insurance product for the plastics industry providing a range of commercial covers including property damage, business interruption, employers’ liability, public and products liability and professional indemnity. The insurer claimed the package was suitable for a wide range of businesses within the plastics and rubber industry, from injection to slush moulding and thermoforming firms.
The Travelers industry-focused policy wording includes a flexible limit of loss option for business interruption and treats damage during any one period of 72 hours caused by storm or flood as one claim for purposes of excess. High coverage limits are also available in order to avoid the need for customers to buy excess of loss covers, and discounts are available for those who can demonstrate relevant industry standard accreditations.
Keith Purvis, general manager, Travelers UK, said: “The
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