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Agents Give High Marks to St. Paul Travelers' New Small Commercial Products.


HARTFORD, Conn. -- Six months after introducing its enhanced Select Accounts products for small businesses, St. Paul St. Paul

as a missionary he fearlessly confronts the “perils of waters, of robbers, in the city, in the wilderness.” [N.T.: II Cor. 11:26]

See : Bravery
 Travelers (NYSE NYSE

See: New York Stock Exchange
: STA) today announced the feedback from independent agents has been overwhelmingly positive. According to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 a survey of more than 1,300 agents, 96 percent rated the breadth of product eligibility and 88 percent rated the pricing and coverage features to be the same or significantly better than the competition.

"Earlier this year, we pledged to roll out new and expanded products to cover a broader customer base to make it easier for agents to write more small commercial accounts profitably," said Marc Schmittlein, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of St. Paul Travelers Select Accounts. "This positive response from agents tells us they are seeing a difference and we're well on our way to achieving that goal."

Effective since June 2005, the enhanced Master Pac(SM) and Pac Plus(SM) products feature expanded class eligibility, more embedded coverages and new coverage options. The survey revealed that 87 percent of agents thought the enhancements to the core form were good or exceptional. These enhancements include coverage for equipment breakdown and electronic data processing See EDP.

(application) Electronic Data Processing - (EDP) data processing by electronic machines, i.e. computers.
, and a Power Pac(SM) endorsement featuring increased coverage for accounts receivable accounts receivable n. the amounts of money due or owed to a business or professional by customers or clients. Generally, accounts receivable refers to the total amount due and is considered in calculating the value of a business or the business' problems in paying , business income and business personal property, to name a few.

Select Accounts also introduced four new endorsements unique to the market for physicians and surgeons Physicians and surgeons are medical practitioners who treat illness and injury by prescribing medication, performing diagnostic tests and evaluations, performing surgery, and providing other medical services and advice. , dentists and dental surgeons, accountants, auditors and bookkeepers, and lawyers, which include coverage for computer fraud, utility services and, in the case of medical and dental, spoilage spoilage

decomposition; said of meat, milk, animal feeds especially ensilage.
. Agents said that these unique features were good or exceptional in 64 percent of the responses.

In addition, 85 percent of agents considered ease of doing business to be critical in their decision on placing business with a small commercial carrier and gave St. Paul Travelers high marks in this area:

--91 percent think the IENet(SM) policy issuance system is about the same or significantly better than the competition.

--81 percent rated IENet's ease of use in getting a quick quote as good or exceptional.

--87 percent rated the new business tools such as Master Pac proposals and pricing worksheets as good or exceptional.

St. Paul Travelers is a leading provider of commercial property casualty insurance. For more information, visit www.stpaultravelers.com.

Nothing stated herein affects the terms, conditions and coverages of any insurance policy or bond issued by St. Paul Travelers, nor does it imply that coverage does or does not exist for any particular claim or type of claim under any such policy.
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Dec 15, 2005
Words:418
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