Program Development

Offering the right coverage mix can have a big impact on whether your customers see equipment breakdown insurance as essential protection or a luxury add-on. Our product professionals have extensive experience in equipment breakdown and related coverages and can help you determine the most compelling offering for your customers.

Transitioning to a new equipment breakdown reinsurance solution may seem like a lot of work, but it doesn't have to be. First, we fully review your current offering, including property and any existing equipment breakdown coverage. Then we work with you to determine the best solution for your specific forms and risk appetite. Finally, we prepare custom equipment breakdown endorsements, embed equipment breakdown coverage into your property forms, or provide equipment breakdown coverage on a facultative basis.

Is your equipment breakdown business working as hard as it could be? As your partner, we’ll regularly meet with you to review your business results and further optimize your product and service portfolio. We can help you identify areas of opportunity, such as enhancing your form language, expanding your current coverage, reducing gaps or overlaps in coverage, and developing new rating and profit-sharing arrangements to maximize your book’s financial performance.

Dealing with rate and form filings is never the fun part of the job. But that’s where we step in to help. To make your product development strategy worth the effort, we help prepare and review your form filings and respond to insurance department objection letters.

Equipment breakdown coverage is one of the most profitable insurance lines in the property and casualty industry. Your Travelers BoilerRe client manager can help you drive equipment breakdown sales by producing client-branded marketing and promotional materials, and offering marketing and industry training for your staff, agents and insureds.

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