Property casualty insurance provider Travelers has been selected by the South Carolina Bankers Association (SCBA) as a preferred provider of bank insurance products and to allow member banks access the Travelers SelectOne+ for Community Banks portfolio of product.
The product suite includes a complete set of flexible, customizable coverage on specialty lines as well as a full suite of property/casualty products.
Members can avail insurances policies, including crime (financial institution bond), directors and officers liability, bankers professional liability and various e-business and property/casualty exposures, all designed to work together to reduce possible gaps and overlaps in coverage.
Travelers second vice president and community banks national director Mark Horton said that the company can offer member banks with customized insurance offerings, as well as specialized underwriting and claim specialists to support the needs of community banks.
The South Carolina Bankers Association (SCBA) represents the common interest and welfare of the banking industry in South Carolina.
The Travelers Companies has a work force of more than 30,000 staff and operates in the US, Canada, the UK and Ireland and registered revenues of nearly $26bn in 2012.