Liberty Mutual Insurance Launches Enhanced Commercial Insurance Property Form
Broad, Flexible Coverage, Clear Language and Intuitive Structure Provide Brokers an All-Risk Platform and Contract Certainty for Domestic and Global Property Risks
BOSTON, Aug. 8, 2017 /PRNewswire/ -- Liberty Mutual's new proprietary Premier Property Protector™ all-risk policy can accommodate all of a broker's single carrier and shared and layered property coverage needs with contract certainty.
"The Premier Property Protector form blends broad coverage, an intuitive structure and easy to understand language, helping brokers quickly pinpoint, compare and explain coverages, limits and terms and conditions," notes Mike Fallon, president, National Insurance, Liberty Mutual's business unit that provides a range of commercial insurance products and services to brokers handling mid-size and large accounts. "And it is supported by Liberty Mutual's consultative property risk engineers – who play an important role in how we underwrite complex risks, identify potential exposures and develop loss mitigation strategies."
The new property form continues Liberty's drive to be more comprehensive and solution oriented for its broker partners and their policyholders. The company broadened its fire and natural catastrophe appetite, and enhanced its risk-taking culture where underwriting account teams have the expertise, authority and now the products to help brokers develop property programs that meet the specific coverage and service needs of individual risk managers.
Premier Property Protector is currently available in 49 states and pending approval by Texas regulators.
More information on the new form is available at https://business.libertymutualgroup.com/business-insurance/coverages/premier-property-protector?extcmp=pr_propertyform.
About Liberty Mutual Insurance
Liberty Mutual Insurance helps people preserve and protect what they earn, build, own and cherish. Keeping this promise means we are there when our policyholders throughout the world need us most.
In business since 1912, and headquartered in Boston, Mass., today we are a leading global insurer with operations in 30 countries and economies around the world. We are the fourth largest property and casualty insurer in the U.S. based on 2016 direct written premium data as reported by the National Association of Insurance Commissioners. We also rank 75th on the Fortune 100 list of largest corporations in the U.S. based on 2016 revenue. As of December 31, 2016, we had $38.3 billion in annual consolidated revenue.
We employ more than 50,000 people in over 800 offices throughout the world. We offer a wide range of insurance products and services, including personal automobile, homeowners, accident & health, commercial automobile, general liability, property, surety, workers compensation, group disability, group life, specialty lines, reinsurance, individual life and annuity products. You can learn more about us by visiting www.libertymutualinsurance.com.
CONTACT: Richard Angevine, 617-833-0926, [email protected]
SOURCE Liberty Mutual
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