SME Management Liability Package
Coverage that is the complete package
Running a company, no matter the size, can be an exercise in risk-filled decisions. Business leaders, including entrepreneurs, shoulder a continuous responsibility to get it right. That doesn’t always happen. Travelers’ small to mid-sized (SME) management liability package (MLP) can be there to protect company leaders when decisions have unexpected negative consequences.
The SME MLP product offers the required, most-needed and the best-of management liability cover. Through the combination of insurance for directors and officers, commercial crimes, employment practices and pensions trustees liability, organisations can get holistic management liability cover. Additionally, the convenient packaging has been made more accessible through the MyTravelers® portal. Here, brokers can tailor covers, quote, then bind coverage instantly online using our MLP platform.
Our appetite
We cover
These fall within our appetite, and we’re happy to discuss details.
- Advertising
- Agriculture
- Airlines
- Chemicals
- Construction
- Consultancy
- Engineering
- Food and beverage
- Hotels
- Housing
- Industrial machinery
- Logistics
- Manufacturing – general
- Manufacturing of metals/metal products
- Manufacturing of plastic/plastic products
- Mining
- Motor trade
- Oil & gas
- Paper/packaging
- Property developers
- Real estate
- Research & development
- Retail clothing
- Retail consumer durables
- Steel and speciality metals
- Technology
- Textiles
- Transportation
- Utilities
We’ll consider
We may need more information to confirm a fit.
- Gambling and betting
- Legal activities
- Medical and social care
- Pharmaceutical & life sciences
We do not cover
Sorry, we’re currently unable to insure the following.
- Medical marijuana
- Professional sport
- Religious or political organisations
- Tobacco
- Weapons
SME Management Liability Package (MLP)
We’re big on SME
We’ve brought our specialist mid-market expertise to the SME space. Delivering the same comprehensive cover and outstanding service you’ve come to expect from us, it’s designed to suit the needs of smaller businesses.
With both the capacity and the product suite to partner with SMEs for the long-term, we can offer support from humble beginnings to bigger things.
And because we’re all about insuring ambition, you’ll always be confident that the growth mindset of you and your clients will be fully matched by our own.
Travelers advantage
In a dynamic world, things don’t always go to plan. Travelers offers expertise you can count on to address diverse risks.
- Financial strength. Financial strength and stability with international reach.
- Experience & expertise. Long-term industry experience combined with deep specialist underwriting expertise.
- Superior claims service. Expert Claims teams focused on delivering superior service.
- Dedicated risk managers & consultants. Access to risk consulting from trusted experts.
- MLP hotline. Access to the management liability package (MLP) hotline.
- Multinational reach. Tailored coverage and support in more than 150 countries.
- eTrade Product – MyTravelers®. Product is available to eTrade on the MyTravelers portal.
Advantage spotlight
You’ll be keen to know about the following.
Travelers MLP
MyTravelers helps secure MLP coverage for customers easily and quickly. MLP insurance can be obtained on a bespoke online system that (subject to risk profile) allows brokers to indicate, quote, bind and issue policy documentation from anywhere with internet access.
What’s more, MyTravelers can be used to make common MLP mid-term adjustments and manage policy auto-renewals, making it easier to handle the needs of business.
MLP SME Services
Travelers’ MLP Helpline for current policyholders
Travelers MLP customers are entitled to one hour of free legal advice on any subject matter relating to their MLP policy. The advice is provided by Kennedys, a leading global law firm.
The helpline is available Monday-Friday from 9.30 am until 5.30 pm, excluding public holidays. If you are in need of assistance, please email or call using the contact details below.
Helpline: +44 (0)20 3137 8749
Email: [email protected]
SME MLP covers & highlights
Select one or more of these covers and add additional ones over time:
-
Commercial crime
- Employee fraud or dishonesty as well as third-party crime
- Available on an aggregate or any one loss basis
- Client cover
- Social engineering cover
- Court attendance costs
- Criminal damage costs
- Identity fraud expenses
- Public relations expenses
- Telephone fraud costs
- Data damage expenses
- Commercial disruption costs
- Broad definition of crime
- Warranty free policies
For more information visit the Commercial Crime Insurance page.
-
Directors and officers
- Directors and officers, and company reimbursement
- Available on an aggregate or any one claim basis
- Optional extra cover available for corporate legal liability
- Pre-investigation costs
- Court attendance costs
- Extradition proceedings
- Health and safety investigations and investigations by other regulators
- Cover available for directors and officers who have retired or resigned
- Outside entity directors cover available to individuals in the position of directorship
- Emergency costs access
- Deprivation of asset costs
- Crisis event costs
- Broad definition of wrongful act
- Warranty free policies
- Optional extra cover available for corporate legal liability
For more information visit the Directors and Officers Liability Insurance page.
-
Employment practice liability
- Broad definition of insureds, including directors, officers and other employees, as well as the company itself
- Available on an aggregate or any one claim basis
- Broad definition of claim
- Court attendance costs
- Outside entity directors covered
- Broad definition of wrongful act
- No exclusion for reduction in workforce or mass layoffs
- Multi-year run-off options
- Full retaliation cover
- Warranty free policies
For more information visit the Employment Practices Liability Insurance page.
-
Pension and trustee liability
- Employees, trustees, sponsoring employer, corporate trustee and pension scheme reimbursement
- Available on an aggregate or any one claim basis
- Employment benefit programmes and employee share ownership programmes
- Court attendance costs
- Insured person public relations expenses
- Loss of documents costs
- Third-party service provider pursuit costs
- Cover available for trustees who have retired or resigned
- Broad definition of wrongful act
- Warranty free policies
For more information visit the Pension Trustee Liability Insurance page.
Add-ons & extensions
These items may be available to add on to your policy
Cyber insurance
Digital platforms are critical assets for businesses – and an attractive target for criminals. Cyber cover helps businesses deal with the increasing complexity of digital crime.
Related products
Management liability
When losses and lawsuits pose professional and personal risks to a company’s leaders, management liability insurance can help them stay focused on running the business.
Public & private companies
Management liability insurance can give company leaders confidence to carry on their duties if something goes wrong. Knowing they are protected helps keep leaders focused on positive business outcomes.
Cyber
Every company faces cyber threats and risks. Cyber cover helps businesses deal with the increasing complexity of digital crime.
Professional indemnity combined
Travelers’ professional indemnity (PI) combined product offers a comprehensive and convenient insurance solution, covering PI, property, liability and cyber fundamentals, with an option to include legal expenses.
Let’s start the right conversation
For business
Find a broker
If you’re looking for covers and have a broker, ask about Travelers products.
If you need a broker, start with the right broker directory.
Need to call us directly? Contact us.
For brokers
Ready to chat?
Let’s work together to build the right cover for your client.
Available to eTrade on MyTravelers®.
MyTravelers is a dedicated web platform for registered brokers.
Have a new business idea? Contact our Schemes team.
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