Liberty International Underwriters (LIU), part of Liberty Mutual Insurance, has launched LIU Packagers Protection, a new LIU product recall policy for packagers and co-packers.
Designed specifically for packagers and co-packers of topical and ingestible products, the LIU Packagers Protection policy provides a broad trigger for this type of cover – offering a form with product recall, product contamination or manufacturing errors & omissions as the potential trigger. It is custom tailored for a range of the packaging industry, including manufacturers of packaging for food, beverage, pharmaceuticals and personal care (topical and ingestible products) as well as co-packers, fillers and mixed operations that may include both packaging and processing.
“Packagers and co-packers have significant exposure from third-party financial loss due to the nature of their business,” said Louis Lubrano, senior vice president of LIU Global Crisis Management.
red24, the crisis management firm that provides LIU policyholders with loss control engineering and loss mitigation services, is also an integral part of this new policy. With red24, LIU helps brokers secure the coverage that can protect their clients’ employees, operations, and reputation before, during and after a crisis.
Liberty Mutual Insurance offers a range of insurance products and services, including personal automobile, homeowners, workers compensation, property, commercial automobile, general liability, global specialty, group disability, reinsurance and surety.