Question
I am currently looking for D&O Liability coverage. We are a children's furniture manufacturer, with 85% of our business in the United States.
Response
Please contact our sister company, Travelers Canada for more information about Financial & Professional Services products. They can be reached at http://www.travelerscanada.ca
Errors & Omissions Liability
Question
A) Please advise if you offer E&O for Insurance Brokers.
B) I have an insured that operates a call centre that is now expanding into online solutions. They require Professional Liability. Can you help on this account?
C) Does Travelers Guarantee write E&O for high tech firms?
Response
Please contact our sister company, Travelers Canada for more information about Financial & Professional Services products. They can be reached at http://www.travelerscanada.ca
Financial or Loan Guarantees
Question
[nb: these are just a couple of examples of questions we regularly receive to provide a guarantee for investor funds/letters of credit]
A) We have an inquiry for a project in South Korea building a railway system...The prospect hopefully will have the finances lined up but is looking for a way to insure or guarantee the investors' funds, assets, or project, and a way to attract more U.S. investors. Can you help?
B) Our company is in the process of obtaining a letter of credit in order to purchase a hotel in Prague. In order to complete the process, we require a loan or financial guarantee for the amount of the L/C. Does your company offer this?
Response
In both cases, we would have to respond, "no". As a Canadian insurer, we are bound by the rules and regulations of Canada regarding financial institutions. Please note that Canadian insurers are restricted from offering this type of guarantee.
