2019 Travelers Seminar Recap

Travelers’ representatives came to MIBS and presented the newest products updates in 2019 for both their personal and commercial products. Below is an overview of those highlights for those who missed them in person. 

IntelliDrive Program

This program offers a way to reduce an insured’s auto insurance by downloading a mobile app that tracks their driving behavior for 90 days based on the following:

• Time of day
• Hard braking
• Rapid acceleration
• Speed

Insured’s have up to 45 days to withdraw if they feel their scores won’t qualify for a discount. There is initial savings for enrolling and the higher the score, the more you save. Ask your Customer Service rep for further detailed brochures.  

Smart Home Savings

For 2019, Travelers has teamed up with Amazon to offer Smart Home Insurance Solution which includes discounted smart home kits specifically designed to protect property, a free Amazon Echo Dot and valuable insurance and risk management information.  Customers can also receive discounts on their home policy with the purchase and installation of the home kits. Ask your Customer Service rep for further detailed brochures.

Quantum Home 2.0

The Quantum Home 2.0 program has received some great modifications including more flexibility and customization options of coverages, competitive pricing and increased renewal stability.

Quantum Home 2.0 Equipment Breakdown Coverage

This is a unique coverage available for homeowners and renters offering protection for a broad range of household appliances and equipment such as air conditioners, dishwashers, water heaters to just name a few.

Just $2 per month

Equipment Breakdown Coverage can be added to existing homeowners polices for just $2 per month. It offers coverage up to $50,000 and a deductible of just $500.

Travelers Commercial Product Update

Travelers Select Small Business works well with the following appetites (with maximum annual gross sales):

Workers Compensation

• Travelers is the #1 writer of workers comp nationally
•  Broad underwriting appetite 
•  Great desire to write Mono-line Workers Compensation
•  Competitive pricing with additional pricing flexibility
•  Commission Incentive until 09/30/2019 for IL risks

Buying your Workers Compensation policy from Travelers offers great benefits:

• Quick quote to issue
• Flexible payment options including EFT and our TravPay pay as you go billing option
• Medical professional network
• Risk control and claim services

TravPay Benefits

1. 1. No down payment
   2. Real-time workers compensation calculations based on reported payrolls
   3. Improved cash flow for businesses
   4. Automatic premium deductions
   5. Reduced audit exposure due to real-time premium calculations

SELECT MONOLINE GL is Now Available!

• Minimum Premium $250
• Some Underwriting Pricing Flexibility 

Eligible Industries:

Commercial Auto

• Ability to write multi-state exposures on one policy
•  Most small business classes are eligible – Max number of vehicles 25
•  We write Monoline Auto!
•  Convenient total account Direct Billing with options tailored to fit your client’s needs.
• Auto Coverage Plus Endorsement: provides 13 coverage enhancements in one endorsement.  A few of the coverage enhancements are: Hired Auto Physical Damage, Employee Hired Autos, Blanket Additional Insured, and Auto Loan Lease Gap

Think of Travelers Select For:

Requesting a quote is easy. Go to our website, www.mibsga.com and click on either Personal or Commercial. Click on the product you want a quote for and enter the information into the data fields then click submit.   

If you have any questions for personal lines, you can contact Nancy Trafford at:   nancy@midwestga.com or 847-631-6653.

If you have questions for commercial products, you can contact Robin Leckner at:  robin@midwestga.com or 847-631-6658.