Travelers Preferred Vendor Program
In 2022, Travelers Business Insurance launched the Connected Protection program, a vendor referral program to help our customers reduce risk by introducing them to Internet of Things (IoT) solutions and connecting them with IoT vendors. These suppliers offer IoT devices that can address a range of risks with products that have been vetted by Travelers. There are three distinct aspects of the program:
- A network of vendors who have been thoroughly vetted and tested with insureds.
- Vendor discounting in participating states.
- A team of Travelers IoT consultants who are available to discuss IoT solutions with interested insureds.
Sample use cases for IoT devices include temperature monitoring and freeze prevention, water leak detection and mitigation, power outages, machine outages, continuous monitoring of environmental air quality (CO2, humidity), pressure monitoring and vibration monitoring. Through this preferred vendor program, we aim to partner with Business Insurance customers to help them better understand, monitor and mitigate risk at their properties.