What Are the Key Differences Between Nationwide and Travelers Business Owner’s Policy?
Technology Services Coverage
Travelers names its product a Technology Services BOP for small technology-service businesses and says it bundles property, general liability, business income and extra expense, cyber liability, and errors and omissions. Nationwide describes a small-business BOP with liability, property, business income, and equipment breakdown, but its overview does not name bundled cyber or E&O. A technology company should compare the Travelers package's cyber and professional-liability terms with Nationwide's quote and confirm whether those lines are included or must be purchased separately. [4] [4] [3]
Tailoring and Optional Enhancements
Travelers directs buyers to an independent agent to tailor and buy the policy and lists optional Xtend liability enhancements, employment-practices coverage, and World Business Essentials for some overseas travel. Nationwide directs buyers to an agent or quote request and names equipment breakdown in its BOP description, without outlining similar enhancements. Ask each agent to show the endorsements and limits in the final quote, especially if you need employment-related or international property protection. [4] [4] [3]