Travelers Expanding Bizav Insurance Coverage
Travelers’ Atlanta-based aviation division yesterday announced that it will be expanding its corporate flight coverage to include hull and liability insurance for Part 135 and small business accounts. The new policy, Flight Plan Preferred, provides limits up to $300 million and is “designed specifically for businesses operating smaller turbine/jet aircraft, and for turbine pleasure and business aircraft flown within North America,” according to senior account executive Tamara Chumley. The policy will cover municipal aircraft accounts, commercial/charter operators and select aerial work, the company said. Flight Plan Premier, introduced in May, provides liability and hull damage coverage to corporate flight departments worldwide. Earlier this month, parent company Travelers of St. Paul, Minn., announced that it will reduce its greenhouse gas emissions by 7 percent by 2011. The insurance company has contracted with EPA-partner Climate Leaders to complete a corporate-wide inventory of its greenhouse gas emissions, set reduction goals and annually report its progress.