Travelers 2005 Annual Report Download - page 20

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Domestic Specialty includes the followingmarketing and underwriting organizations, each of which
possesses customer expertise and offers products and services to address its respective customers’specific
needs:
•Bond provides a wide range of customers with specialty products built around the Company’s
market leading surety bondbusiness along with an expanding executive liability practice for middle
and small market private companies and not-for-profit organizations. Bond’s range of products
includes fidelity and surety bonds, directors’ and officers’ liability insurance, errorsand omissions
insurance, professional liability insurance, employment practices liability insurance, fiduciary
liability insurance, and other related coverages.
•Construction offers a variety of products and services, including traditional insurance, consisting of
workers’ compensation, general liability and commercial auto coverages, and other risk
management solutions, to a broad range of contractors. The Company offers guaranteed cost
products for smaller and mid-sized policyholders and loss sensitive programs for larger accounts
where the customer and the Company work together in actively managing and controlling exposure
and claims and where they share risk through policy features such as deductibles or retrospective
rating.
•Financial and Professional Services provides professional liability and management liability
coverages for public corporations against losses caused by the negligence or misconduct of named
directors and officers, professional liability coverages for a variety of professionals such as lawyers,
insurance agents and real estate agents for liability from errors and omissions committed in the
course of professional conduct or practice, and a full range of insurance coverages including
property, auto, liability, fidelity and professional liability coverages for financial institutions.
•Other Domestic Specialties include the followingunderwriting groups that provide unique
combinationsof insurance coverage, riskmanagement, claims handling and other services for a
targeted client’s needs:
•Technology offers a well-balanced comprehensive portfolio of specialty products and services to
companies involved in telecommunications, information technology, medical technology and
electronics manufacturing. These products include property, commercial auto, general liability,
workers’ compensation, umbrella, internet liability, technology errors and omissions coverages
and global companion products.
•Public Sector Services markets insurance products and services to public entities including
municipalities, counties, Indian Nation gaming and selected special government districts such
as water and sewer utilities. The policies written by this business group typically cover property,
commercial auto, general liability and errors and omissions exposures.
•Ocean Marine underwrites a diverse portfolio of coverages for all forms of marine
transportation and the companies that serve them, as well as other businesses involvedin
international trade. The Company’s product offerings fall under six main coverage categories:
marine liability, cargo, hull and machinery, protection and indemnity, pleasure craft, and
marine property and liability.
•Oil and Gas provides specialized property and liability products and services for customers
involved in the exploration and production of oil and natural gas including operators and
drilling contractors as well as various service and supply companies and manufacturers that
support upstream operations. The policies written by this business group insure drilling rigs,
natural gas facilities, and production and gathering platforms, and cover risks including
physical damage, liability and business interruption.