Travelers Business Insurance Overview
- You currently cannot obtain a standalone Travelers business insurance policy through Simply Business.
- Over 1,000 UK trades covered with one of the UK's biggest small business insurance brokers
Get a quote from leading insurers, including:
Our panel of insurers settle at least 80% of claims within 24 hours.
How it works
Operating out of the UK, Ireland, Canada and the United States, Travelers, then known as the St Paul Fire & Marine Insurance Company, has been insuring businesses since 1853.
The St Paul International Insurance Company became a free-standing underwriter in London in 1991, before rebranding to Travelers in the UK and Ireland in 2008. The company further built its presence in the UK by purchasing insurance broker Simply Business in 2017. Today, it trades as The Travelers Companies, Inc. and is a component of the Dow Jones.
To find out more about Travelers business insurance, read our overview below.
What is Travelers insurance?
From shop owners to solicitors and beyond, Travelers business insurance can help give you financial protection from claims made against your or your organisation. It can also help you protect and replace key tools and equipment if they are lost, damaged or stolen.
» MORE: What is business insurance?
What types of business insurance does Travelers include?
Travelers business insurance isn’t one specific type of insurance, but rather a collection of individual policies. This means you can tailor your insurance to the needs of your business. Potential products include, but are not limited to:
- Employers’ liability insurance: This is a legal requirement if you employ anyone in the UK who isn’t a family member. If you are incorporated as a limited company, it is a legal requirement whether you only employ family members or not.
- Public liability insurance: This can help cover legal fees and compensations costs if you have caused a personal injury, illness or death to a third party during your business activities, or damaged or lost their property.
- Professional indemnity insurance: If you are accused of costing your client money or reputational damage through negligence, a mistake, or bad advice, professional indemnity insurance can cover the legal fees and compensation costs that may arise.
- Product liability insurance: This covers compensation costs and legal fees if a product you have sold causes injury, illness or property damage to a third party.
- Commercial property insurance: This covers the repairing and rebuilding costs stemming from the damage to or destruction of your business premises.
- Cyber insurance: This covers costs related to the fallout from a cyber attack, such as a hack or data breach.
» MORE: Do I need business insurance?
How to get a business insurance policy from Travelers
Typically when seeking to get Travelers business insurance, the company encourages you to contact an independent business insurance broker and ask for Travelers.
If you are a small business, meanwhile, Travelers suggests you visit its digital partner Simply Business to get a quote.
» COMPARE: Business insurance
How much does Travelers business insurance cost?
There are a range of factors that may affect how much your Travelers business insurance might cost, including, but not limited to:
- whether you have made a claim in the past
- your specific profession
- your number of employees
- how many policies are looking to take out
- the level of cover you want for each policy
» MORE: How much is business insurance?
Which professions does Travelers cover?
You should check Travelers to see if your profession is covered. The company itself highlights its products for a number of industries, including:
- shop owners
- financial institutions
- legal sector, such as solicitors
- professional services, such as accountants, consultants and estate agents
Travelers Insurance FAQs
Is Travelers owned by Geico?
No, Travelers is not owned by Geico, a rival insurer in the United States. It is a publicly-traded organisation called The Travelers Companies, Inc. However, Travelers business insurance is offered through the Geico Insurance Agency.
Connor is a writer and spokesperson for NerdWallet. Previously at Spreadex, his market commentary has been quoted in the likes of the BBC, The Guardian, Evening Standard, Reuters and The Independent. Read more
How this service works
This insurance service is provided by Simply Business on behalf of NerdWallet Ltd.
The data you supply and submit is collected directly by Simply Business who are responsible for the handling and processing of that data.
Simply Business is a trading name of Xbridge Limited which is authorised and regulated by the Financial Conduct Authority (Financial Services Registration No: 313348). Xbridge Limited (No: 3967717) has its registered office at 6th Floor, 99 Gresham Street, London EC2V 7NG.