Travelers offers policy to cover comp, evacuation of workers abroad

Travelers Cos. Inc. has launched a global property/casualty policy for U.S. companies with foreign exposures, the insurer announced Tuesday.

Global Companion Plus+ will provide workers compensation for employees working outside of their home countries create a separate $1 million of loss coverage for eligible foreign subsidiaries of U.S.-based companies, help companies in need of legal assistance abroad find in-country representation, and offset the cost of emergency evacuations of workers abroad, including for natural disasters, political unrest and endemic disease.