The Travelers Companies, Inc. introduced Travelers Synergy℠, a new customizable product liability coverage designed specifically for life sciences companies. This offering aims to help medical technology, pharmaceutical, biopharmaceutical, and digital health companies manage the costs associated with product-related claims.
Travelers Synergy provides a menu of insurance options that protect against issues arising from products at any point in their development life cycle, from research to distribution. This includes coverage for losses due to product- or work-related bodily injury or property damage.
Customers will also gain access to Travelers’ specialized resources, such as the Life Sciences Business Torts Claim team, safety professionals, interactive risk management tools, and training services. The new product will be available in most states for policies effective on or after April 1, 2025.
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