Products January 15, 2004

Travelers Offers ID Theft Protection to Companies

January 15, 2004 (PLANSPONSOR.com) - Travelers Property Casualty Corp has introduced a commercial policy that would reimburse the employees for expenses of resolving an identity theft.
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The Identity Fraud Expense Coverage Master Policy provides expense reimbursement limits from $500 up to $25,000 per covered person to assist in the restoration of their financial health and credit history that has been damaged by identity theft.   The reimbursements would cover expenses such as attorney’s fees, lost wages, mailing and notary costs, loan re-application fees and telephone charges, according to a news release.

Annual premiums, paid by the employer, range from 44 cents to $2 per person.   Travelers announced the policy is already in place as part of its employee benefits program.

For more information on Travelers’ Identity Fraud Expense Coverage Master Policy, contact Joseph Lester at (860) 277-4739.

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