Travelers Insurance Company Complaint - Travelers insurance - work comp insurance
GEORGIA -- As a small business we obtained work comp insurance from Travelers. Although in the same business for 37 years, because we formed a new incorporation Travelers considered us a "new business" and charged us 47% on the wages. According to the Georgia State insurance commissioner, the rate should not be more than 23%. Travelers promise was that after they ripped me off for 3 years the rate could drop to about 19%.
After paying these outrageous rates for 2 1/2 year one of my employees got injured. We filed the accident to Travelers and before we even got any correspondence on this accident, we received a letter that they had canceled my coverage 4 months prior, although I received a request for payment for that year, after their so called cancellation notice, paid it in time and my check was cashed by Travelers.
We went to court and the judge ruled we complied, paid in time and did have coverage, Travelers appealed this decision of witch we don't have a decision yet.
As soon as we filed the claim, Travelers put us on the "non compliant" list disabeling us to obtain insurance from a different carrier. Resulting in having to close my business and 8 people loosing their income.
Travelers insurance is a dishonest, lying, unprofessional and crooked insurance company. Stay away from them and report any negative experience with them to BBB, insurance commissioner of your state and sites like this.