Supplier Diversity

Minority/Women Owned Supplier Business Development Program

Travelers is committed to improving the economic opportunities of the citizens in each market we serve. For this reason, it is the policy of Travelers to ensure qualified Minority and Women Owned Business Enterprise (MWBEs) are provided opportunities to participate as a supplier or contractor of products and services to Travelers.

By providing these opportunities we hope to drive growth and development as well as aid in fulfilling our expectations for delivery, cost and quality service.

A MWBE is defined as a business in which at least 51 percent of the business is owned and controlled by either a person of any ethnic minority group (e.g., African-American, Asian-American, Hispanic-American, Native American, etc.) or a woman. The business must also be certified by the National Minority Supplier Development Council (NMSDC) or one of its regional affiliates and/or is within the standards for the business industry as established by the Small Business Administration (SBA).

Goals of the program:

  • Increase year-over-year spend of the company's total managed procurement dollars with MWBEs.
  • Stimulate the growth of the local economy that Travelers serves by using a diverse supplier base.
  • Ensure fair and impartial consideration is given to each MWBE and the products/services they provide.
  • Guarantee purchases made from MWBEs are made solely on the basis of quality, delivery, price and acceptable terms and conditions.
  • Maintain and continually update a directory of qualified MWBEs to ensure that those listed are given an opportunity to participate in procurement request proposals (RFPs).

For further information about this program, contact:

Larry Gill
Corporate Procurement
One Tower Square - 1MSA
Travelers Property Casualty
Hartford, Connecticut 06183
860.277.3220

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