Does your insurance program follow your company overseas?

Whether your company is an existing multinational organization or a smaller company exploring the possibility of expanding into foreign markets, turn to Global Technology at Travelers for innovative international insurance solutions and broad technology industry specialization.

TECHNOLOGY

Global markets bring new customers and new opportunities for technology companies. As they expand, they face key global risks. An employee might be injured while traveling abroad to meet customers or suppliers. A foreign manufacturer might sue for a defective part produced by your company. Office equipment could be damaged in a fire at a foreign office.

Many traditional business insurance policies stop short of providing coverage abroad. Our innovative products and services are designed by experts in technology industry global risks. Our team of dedicated, experienced underwriters understands the unique insurance needs of technology companies operating internationally.

Claim scenarios around the worldTough situations made easier because Global Companion and a world-class claim organization from Travelers are there to help.

Travelers Global Technology offers broad global insurance protection. Available lines of coverage include:

• Global commercial property

• Global commercial general liability

• Transportation expense

• Foreign voluntary workers compensation

• Employers liability

• Global commercial auto liability

• Global kidnap and ransom

• Global accidental death and dismemberment

• Global financial interest

Travelers offers the following program structures:• Global CompanionSM – Stand-alone policy that provides coverage for foreign exposures of Travelers

U.S. insureds, designed to create seamless worldwide protection

• Global Companion Controlled Master Programs – Includes all coverages under Global Companion plus customized local policies to comply with an individual country’s insurance requirements

COMMERCIAL PROPERTY – THEFT LOSS Claim Scenario #1 Ten laptops are taken from the policyholder’s premises. The theft takes place during the lunch hour when no one is around. The local insurer denies coverage because there was no forced entry.

Global Companion Coverage Response Travelers Global Companion Premier Property Protection provides DIC (difference in conditions) coverage due to the local insurer’s denial of coverage.

COMMERCIAL GENERAL LIABILITY – PRODUCTS LIABILITY Claim Scenario #2 A foreign manufacturer of electronic equipment alleges that a component part made by the policyholder was defective and caused damage to its product. Because of the defect, the manufacturer is forced to destroy several batches of the finished product. The manufacturer files a lawsuit in their country against the policyholder. The policyholder’s U.S. general liability policy does not cover lawsuits brought outside the U.S.

Global Companion Coverage Response Travelers Global Companion Commercial General Liability Protection covers defense costs and provides indemnification for product liability claims and suits for covered bodily injury or property damage brought against the policyholder in most countries and around the world.

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TRANSPORTATION EXPENSE Claim Scenario #3 An employee of the policyholder, a U.S.-based telecommunications company, suffers a heart attack in his hotel room while on a business trip overseas. Medical professionals determine that the employee needs to be transported back to the U.S. for further medical care. The employee’s special transportation arrangements include an ambulance to the airport, business class airline seats, and a medical companion to administer medication during the flight.

Global Companion Coverage Response Travelers Global Companion Transportation Expense coverage provides reimbursement of expenses, over and above normal transportation costs, for the relocation of employees who become injured or sick while overseas.

FOREIGN VOLUNTARY WORKERS COMPENSATION Claim Scenario #4 The policyholder, a software manufacturer, hires an employee residing in Colorado to work overseas for one year. Eight months later, the employee is seriously injured in a car crash. Colorado workers compensation coverage is unavailable because the injury occurred outside of Colorado more than six months after the employee left the state.

Global Companion Coverage Response Travelers Global Companion Foreign Voluntary Workers Compensation coverage provides the employee with the benefits that the policyholder would have been required to pay if the employee’s injuries had been compensable under Colorado workers compensation law.

EMPLOYERS LIABILITY Claim Scenario #5 The policyholder, a telecommunication equipment manufacturer, conducts operations in several countries. A local national employee files suit against the policyholder, alleging that he developed cancer as a result of undetected exposure to electromagnetic radiation emanating from

machinery at work. Their country’s workers compensation coverage provides only limited benefits coverage and allows the employee to sue the employer for pain and suffering and other damages. The policyholder’s U.S. employers liability policy does not cover lawsuits brought outside the U.S.

Global Companion Coverage Response Travelers Global Companion Employers Liability coverage provides defense and indemnity for covered bodily injury sought in the worker’s lawsuit against the U.S.-based policyholder.

COMMERCIAL AUTO LIABILITY Claim Scenario #6 The policyholder’s employee has an auto accident overseas while driving the policyholder’s insured company vehicle under the influence of alcohol, resulting in a fatal injury to the driver of the other auto. The policyholder is sued. The local auto insurer refuses to cover the accident based upon application of an alcohol exclusion in the local policy.

Global Companion Coverage Response Travelers Global Companion Auto Liability Protection responds to the lawsuit providing coverage to the policyholder when the local coverage is denied.

COMMERCIAL PROPERTY – PHYSICAL DAMAGE Claim Scenario #7 Office equipment is damaged at the policyholder’s foreign office when smoke filters through the ceiling of another tenant’s office where a fire took place.

Global Companion Coverage Response Travelers Global Companion Premier Property Protection covers direct physical loss or damage to property at covered locations around the world.

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This material does not amend, or otherwise affect, the provisions or coverages of any insurance policy or bond issued by Travelers. It is not a representation that coverage does or does not exist for any particular claim or loss under any such policy or bond. Coverage depends on the facts and circumstances involved in the claim or loss, all applicable policy or bond provisions, and any applicable law. Travelers cannot provide coverage or indemnification when prohibited from doing so by applicable law or regulation. Availability of coverage referenced in this document can depend on underwriting qualifications and state regulations.

© 2016 The Travelers Indemnity Company. All rights reserved. Travelers and the Travelers Umbrella logo are registered trademarks of The Travelers Indemnity Company in the U.S. and other countries. BTCSS.0012 Rev. 4-16

INTERNATIONAL TRAVEL

a. Do employees travel to foreign countries? b. What countries are they traveling to? c. How many trips per year? d. What is the purpose and duration of travel?

INTERNATIONAL SALES a. Do you export products to foreign countries? b. What are your foreign sales by country? c. Are your foreign products the same as your U.S. products? d. Do your U.S. operations rely on continuing operations of other companies located in foreign countries?

INTERNATIONAL LOCATIONS AND OPERATIONS

a. Do you operate a store, warehouse or other physical location in a foreign country? b. Do you own or lease space outside of the U.S.? c. Where are your foreign locations? d. What are the operations by location? e. What are your foreign entities and their relationship to the U.S. parent? f. Do your foreign locations purchase local insurance or does your U.S. operation purchase coverage on their behalf? g. What are your growth plans outside of the U.S.?

With global coverage from Travelers, technology companies benefit from the following key features:

• Global Executive Support is an added non-insurance feature of Travelers Global CompanionSM. It provides access to medical, personal, and travel assistance for employees engaged in temporary travel overseas and their accompanying spouse, children or other traveling companions. Global Executive Support keeps U.S. employees worry free while traveling or working abroad

• Travelers is the only U.S. member of the International Network of Insurance (INI), a network of more than 110 market leading insurance companies

• Underwriting, claims and risk control services are provided locally but coordinated centrally by Travelers

Answer these questions and discover global insurance needs

For more information about global insurance for technology companies, contact your independent agent or visit travelers.com/technologycompanies

Travelers experts like Jill Duffy, International Practice Lead, help technology companies plan for their global risks. Follow the link below to hear from Jill:

JILL DUFFY ON GLOBAL RISKS:http://travl.rs/1FVhhlL