Travelers Group will offer insurance directly to small business in the UK through a newly launched online platform.
The platform targets small businesses with less than 10 employees and revenues below £2.5 million. It will initially be available for office businesses, such as consultants, web designers and recruiters.
Insurance coverage will include business contents, public and products liability, employers’ liability and business interruption.
Travelers aims to simplify insurance-buying experience for small business owners with the new platform.
“We’re excited to provide the UK small business market with a new solution that caters to the growing number of entrepreneurs who prefer to conduct business online,” said Travelers Europe CEO Matthew Wilson.
The platform provides access to customer service and 24/7 claims reporting, along with information on topics relevant to small businesses such as risk mitigation and human resources.
Travelers plans to provide additional coverage and extend the offering to shop businesses like convenience stores, bike shops and florists.
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