Learn how emerging technology is impacting equipment breakdown, and five ways companies can prepare to be more resilient.
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Equipment Breakdown: 3 On-the-Go Insights [Video]
From advanced manufacturing applications to cloud-connected machines, equipment risks are changing. Yet breakdowns remain inevitable. Share these three trends to help your clients recognize the importance of equipment breakdown coverage.
Text, Focus on the Future, Equipment Breakdown 3 On-the-Go Insights
Animation depicts components of a computer system. Text, Cloud Smart Connected
From advanced manufacturing applications to cloud-connected machines, equipment risks are changing.
Three boilers; two workers stand next to them.
Yet breakdowns remain inevitable.
Three graphics; an electrical tower, digital equipment, and a man in a hard hat.
Share these three trends to help your clients recognize the importance of equipment breakdown coverage.
First, aging infrastructure and new technology can increase the potential for equipment downtime. With electrical systems accounting for up to 20% of a building's value and power grids strained by aging equipment and new technology, the risk of electrical system breakdowns caused by power interruptions is increasing. Help clients manage increased risk with Travelers equipment breakdown coverage, streamlined with fewer endorsements needed to reach the right level of protection.
Second, high-tech equipment failure can lead to higher exposures.
A world map depicts exclamation marks on various countries.
Long lead times for costly repairs can jeopardize a tight supply chain, resulting in increased expenses and missed deadlines. Travelers stays ahead of today's complex technology, offering eligible customers access to sensors that can monitor pressure, temperature, detect water leakage, and more.
Third, prevention is key. Advanced technology calls for our specially trained risk management engineers, who can help your clients with emerging and traditional prevention methods, including state-certified boiler inspections, equipment maintenance training, and contingency planning. Travelers Boiler & Machinery-- helping your clients stay focused on the future. For more information, contact your Travelers representative, or visit travelers.com today.
Travelers Casualty and Surety Company of America and its property casualty affiliates. One Tower Square, Hartford, Connecticut, 06183. This material does not amend, or otherwise affect, the provisions of any insurance policy issued by Travelers. It is not a representation that coverage does or does not exist for any particular claim or loss under any such policy. Coverage depends on the facts and circumstances involved in the claim or loss, all applicable policy provisions, and any applicable law.
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How Well Do You Understand Your Cargo Theft Threats? [Video]
Understanding cargo theft threats is the first step toward cargo theft prevention. Explore cargo theft trends and tips.
Text, Data and speed, preventing cargo theft.
SCOTT CORNELL: Cargo theft is a multibillion dollar business. From pet food to flat screens, cargo theft disrupts day-to-day business operations across the country. It's not just lost goods. Cargo theft ripples across a supply chain and impacts the bottom line.
Consider the complexity of global and domestic supply chain. Each leg and every transfer point presents an opportunity for theft. To stay one step ahead of cargo thieves, businesses need both data and speed. Data to recognize theft patterns and techniques. Speed for a fast response that helps limit theft, giving law enforcement a better chance to recover stolen goods and put a stop to organized crime rings that commit these thefts.
At Travelers, we know the current hotspots around the world where these crimes are happening and the latest ways criminals are using identity theft technology to steal. And we can help your business avoid cargo theft. Our Special Investigations Group works with Travelers customers to help prevent thefts and to recover the stolen goods.
The team built a sting trailer, equipped with surveillance and tracking capabilities, designed to help break up cargo theft rings once they've been identified. We've positioned our investigators across the country in the areas where cargo theft is most prevalent. And they're ready to respond 24/7, 365 days a year for our customers.
When we're notified of a stolen load, we use analytics and resources developed over years of field work to quickly gather leads and partner with law enforcement to help them track down the thieves. For a customer who'd lost 12 loads to identity theft, our quick response, thorough investigation, and partnership with law enforcement helped them recover all but one load within just two days.
I'm Scott Cornell, National Practice Lead, Transportation, for Travelers. To learn more, visit travelers.com.
Data and Speed: Preventing Cargo Theft
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Travelers uses our transportation experience and science to assist companies with security best practices, proper securement techniques for loading and handling, theft prevention, and road safety issues.