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The Travelers Cos. Inc. on Friday said it has combined its professional liability and pollution liability coverage for contractors.
The coverage provides additional protection against environmental damage caused by design errors. It will also provide access to the risk control and claim professionals at Travelers.
The available coverage limits are up $10 million, according to a Travelers spokeswoman.
“We streamlined our contractors liability policies to deliver a more efficient and robust product,” Adrienne Atwell, New York-based chief underwriting officer for Travelers’ environmental and contractors professional practice, said in the statement. “By updating our coverage, we have reduced financial exposure to costly pollution or professional liabilities by addressing potential gaps that can exist when contractors purchase these liability coverages separately.”
A U.S. District Court in Utah has refused to dismiss a claim by a Travelers Cos. Inc. unit policyholder that the insurer failed to follow industry standards in its denial of defense coverage in a cyber case, in an ongoing dispute between the insurer and its policyholder.