SME Management Liability Package
Coverage that is the complete package
Running a company, no matter the size, can be an exercise in risk-filled decisions. Business leaders, including entrepreneurs, shoulder a continuous responsibility to get it right. That doesn’t always happen. Travelers’ small to mid-sized (SME) management liability package (MLP) can be there to protect company leaders when decisions have unexpected negative consequences.
The SME MLP product offers the required, most-needed and the best-of management liability cover. Through the combination of insurance for directors and officers, commercial crimes, employment practices and pensions trustees liability, organisations can get holistic management liability cover. Additionally, the convenient packaging has been made more accessible through the MyTravelers® portal. Here, brokers can tailor covers, quote, then bind coverage instantly online using our MLP platform.
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Screenshot: The Travelers website. Background image: A woman looks toward someone and smiles.
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Once you're logged into MyTravelers, you'll notice the site has been updated, and we have replaced the old Wrap+ system with a new and improved system called management liability package. This walkthrough shows the steps you need to take in order to get a quote and bind the policy if required.
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A pop-up box with a search bar.
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For those with access to additional products within MyTravelers, you may see a different landing page. But for the purposes of this video, we will continue on to management liability package. Click on Get a management liability package quote now.
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A red bar in the lower left.
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If you need further help, contact us via live chat. We're available during office hours.
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A vertical red Live Chat button pops in against the right edge.
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The new online quote system for our management liability package allows you to search for an existing business by entering the company registration number or company name.
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A text box for the company registration number is on the left side of the screen, above a red button that says: Search by company registration number. A Company Name text box is on the right side of the screen, under text that says: Don't know the number? Tell us the company's legal name instead. A 'Help' icon is above the registration number text box, to the right of the text: Company registration number. The cursor clicks on it and a box opens with the text: Unique registered number with Companies House.
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You can look at the help text to find out more information about what you need to enter. Type in the company registration number. Click on Search.
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Text: Insured name & address. The name and address is below, with a link below that that says 'Edit address details'.
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Check the address is correct. You can edit it if you need to.
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The page scrolls down to 'Insured details'.
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If the data is available from Companies House, the business activity turnover and year of incorporation will automatically appear. Please check if they are correct. If they do not appear or are incorrect, you'll need to input or edit this information. The company structure will need to be selected from the dropdown options.
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The 'Company structure' dropdown is at the bottom of the page. A red Save & continue button is in the lower right corner.
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Now you can select your required coverages and limits of indemnity from a range of options. The material facts section for each product contains a number of statements. To save time, these can all be agreed to in one go.
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An 'Agree' button is at the lower left. A 'Disagree' button is to its right. Both buttons are white. When the cursor scrolls over each, they turn red.
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If you were to disagree, this could take you through to referral. For the purposes of this video, we will run through as though you have agreed.
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The cursor clicks on two 'Agree' buttons under Material Facts. The page scrolls down to Commercial Crime, which has checkboxes for Limits of indemnity. The cursor clicks on a checkbox. Below that is a list of Material Facts. The cursor clicks on 'Agree'. Under that is Pension Trustees Liability, with checkboxes for Limit of indemnity. The cursor clicks on a checkbox, fills in a text box that opens, then clicks on 'Agree'.
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For pensions trustees liability, there is an additional question to answer. Type your answer in the box.
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The next section reads, Applicable to all covers, and has two dropdown menus. Below that is a list of Material Facts. The cursor clicks on 'Agree'.
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Select the number of employees from the dropdown menu and the number of locations. Click on the last Agree button in Material Facts.
At the bottom of the page, select when you'd like the policy to start. You can always change it later.
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A dropdown menu opens a calendar. After a date is selected, a second dropdown lists 12 months or Custom.
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The system will then default to 12 months policy term, but should you wish, you can select an alternative duration from the dropdown menu. Click on Save & Continue.
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The red Save & continue button is at the lower right.
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Next is the quote page. The top line is green, which means you've got a quote without any referral. You can see how long the policy is valid for.
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Text in the centre of the page: Your quote is saved and is valid until 15/08/2018. You can return to it until then via MyTravelers. Below that are three links: Quote Schedule - insured version, Quote Schedule - broker version, and Policy Wording. Below that are two buttons: Email me this quote, and Copy as plain text.
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There are links to the quote schedule and the policy wording. You can email these documents to yourself. And you can copy a summary of the quote schedule as plain text and then paste it into an email or a Word document.
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The page scrolls down to a section headed Directors & Officers, and below that is a section headed Corporate Liability, then Employment Practices Liability, Commercial Crime, and Pension Trustee Liability. To the right of each section is a button that says 'Remove this quote'.
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Here, you'll see confirmation of the insured and a summary of each of the covers. You have the opportunity to remove any of the covers from the quote here. You also have the option to adjust your commission.
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The next section down is Commission, with a dropdown menu.
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A final summary of the quote can be reviewed before clicking on Confirm Cover.
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A red Confirm Cover button is on the lower right.
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The confirmation page gives you your quote reference number, your new policy number, and links to download the policy schedule and the policy wording. Copies are also sent to your email address. From here, you can return to MyTravelers homepage.
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Logo: Travelers.
Our appetite
We cover
These fall within our appetite, and we’re happy to discuss details.
- Advertising
- Agriculture
- Airlines
- Automotive
- Chemicals
- Construction
- Consultancy
- Engineering
- Food and beverage
- Hotels
- Housing
- Industrial machinery
- Logistics
- Manufacturing – general
- Manufacturing of metals/metal products
- Manufacturing of plastic/plastic products
- Mining
- Oil & gas
- Paper/packaging
- Property developers
- Real estate
- Research & development
- Retail clothing
- Retail consumer durables
- Steel and speciality metals
- Technology
- Textiles
- Transportation
- Utilities
We’ll consider
We may need more information to confirm a fit.
- Gambling and betting
- Legal activities
- Medical and social care
- Pharmaceutical & life sciences
We do not cover
Sorry, we’re currently unable to insure the following.
- Medical marijuana
- Professional sport
- Religious or political organisations
- Tobacco
- Weapons
SME management liability package (MLP)
We’re big on SME
We’ve brought our specialist mid-market expertise to the SME space. Delivering the same comprehensive cover and outstanding service you’ve come to expect from us, it’s designed to suit the needs of smaller businesses.
With both the capacity and the product suite to partner with SMEs for the long-term, we can offer support from humble beginnings to bigger things.
And because we’re all about insuring ambition, you’ll always be confident that the growth mindset of you and your clients will be fully matched by our own.
Travelers advantage
In a dynamic world, things don’t always go to plan. Travelers offers expertise you can count on to address diverse risks.
- Financial strength. Financial strength and stability with international reach.
- Experience & expertise. Long-term industry experience combined with deep specialist underwriting expertise.
- Superior claims service. Expert Claims teams focused on delivering superior service.
- Dedicated risk managers & consultants. Access to risk consulting from trusted experts.
- Multinational reach. Tailored coverage and support in more than 150 countries.
- MLP hotline. Access to the management liability package (MLP) hotline.
- eTrade Product – MyTravelers®. Product is available to eTrade on the MyTravelers portal.
- eTrade Product – Acturis. Product is available to eTrade on Acturis.
Advantage spotlight
You’ll be keen to know about the following.
Travelers MLP
MyTravelers helps secure MLP coverage for customers easily and quickly. MLP insurance can be obtained on a bespoke online system that (subject to risk profile) allows brokers to indicate, quote, bind and issue policy documentation from anywhere with internet access.
What’s more, MyTravelers can be used to make common MLP mid-term adjustments and manage policy auto-renewals, making it easier to handle the needs of business.
MLP SME Services
Travelers’ MLP Helpline for current policyholders
Travelers MLP customers are entitled to one hour of free legal advice on any subject matter relating to their MLP policy. The advice is provided by Kennedys, a leading law firm in the UK.
The helpline is available Monday-Friday from 9.30 am until 5.30 pm, excluding public holidays. If you are in need of assistance, please email or call using the contact details below.
Helpline: +44 (0)20 3137 8749
SME MLP covers & highlights
Select one or more of these covers and add additional ones over time:
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Commercial crime
- Employee fraud or dishonesty as well as third-party crime
- Available on an aggregate or any one loss basis
- Client cover
- Social engineering cover
- Court attendance costs
- Criminal damage costs
- Identity fraud expenses
- Public relations expenses
- Telephone fraud costs
- Data damage expenses
- Commercial disruption costs
- Broad definition of crime
- Warranty free policies
For more information visit our Commercial Crime Insurance page.
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Directors and officers
- Directors and officers, and company reimbursement
- Available on an aggregate or any one claim basis
- Optional extra cover available for corporate legal liability
- Pre-investigation costs
- Court attendance costs
- Extradition proceedings
- Health and safety investigations and investigations by other regulators
- Cover available for directors and officers who have retired or resigned
- Outside entity directors cover available to individuals in the position of directorship
- Emergency costs access
- Deprivation of asset costs
- Crisis event costs
- Broad definition of wrongful act
- Warranty free policies
- Optional extra cover available for corporate legal liability
For more information visit our Directors and Officers Liability Insurance page.
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Employment practice liability
- Broad definition of insureds, including directors, officers and other employees, as well as the company itself
- Available on an aggregate or any one claim basis
- Broad definition of claim
- Court attendance costs
- Outside entity directors covered
- Broad definition of wrongful act
- No exclusion for reduction in workforce or mass layoffs
- Multi-year run-off options
- Full retaliation cover
- Warranty free policies
For more information visit our Employment Practices Liability Insurance page.
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Pension and trustee liability
- Employees, trustees, sponsoring employer, corporate trustee and pension scheme reimbursement
- Available on an aggregate or any one claim basis
- Employment benefit programmes and employee share ownership programmes
- Court attendance costs
- Insured person public relations expenses
- Loss of documents costs
- Third-party service provider pursuit costs
- Cover available for trustees who have retired or resigned
- Broad definition of wrongful act
- Warranty free policies
For more information visit our Pension Trustee Liability Insurance page.
Add-ons & extensions
These items may be available to add on to your policy
Cyber insurance
Digital platforms are critical assets for businesses – and an attractive target for criminals. Cyber cover helps businesses deal with the increasing complexity of digital crime.
Related products
Management liability
When losses and lawsuits pose professional and personal risks to a company’s leaders, management liability insurance can help them stay focused on running the business.
Public & private companies
Management liability insurance can give company leaders confidence to carry on their duties if something goes wrong. Knowing they are protected helps keep leaders focused on positive business outcomes.
Cyber
Every company faces cyber threats and risks. Cyber cover helps businesses deal with the increasing complexity of digital crime.
Professional indemnity combined
Travelers’ professional indemnity (PI) combined product offers a comprehensive and convenient insurance solution, covering PI, property, liability and cyber fundamentals, with an option to include legal expenses.
Let’s start the right conversation
For business
Find a broker
If you’re looking for covers and have a broker, ask about Travelers products.
If you need a broker, start with the right broker directory.
Need to call us directly? Contact us.
For brokers
Ready to chat?
Let’s work together to build the right cover for your client.
Available to eTrade
Log in to MyTravelers® or Acturis.
MyTravelers
MyTravelers is a dedicated web platform for registered brokers.
Have a new business idea? Contact our Schemes team.
SME management liability package resources
Insights & industry knowledge
Articles to help your ambition succeed
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