Liberty Mutual Launches Foreign Package Policy for U.S. Companies

Liberty Mutual’s Commercial Insurance strategic business unit has expanded its foreign package policy offering by introducing a new product, and by adding a new global crisis management endorsement.

The new Global Concierge Plus product provides up to $25 million in foreign property coverage for the foreign operations of mid-sized U.S. companies. The new product is in addition to Liberty Mutual’s two other foreign insurance offerings, which are Global Concierge and Controlled Master Programs. The Global Concierge product provides incidental foreign coverages for domestic companies without physical operations abroad. Controlled Master Programs offer larger U.S. companies custom property or casualty products tailored to their overseas operations.

In addition to the new Global Concierge Plus product, Liberty Mutual’s Commercial Insurance unit now provides a global crisis management endorsement on both Global Concierge Plus and Controlled Master Program policies.

This coverage enhancement endorsement gives policyholders up to 72 hours to identify an insured crisis event, file a claim, and receive up to $50,000 in crisis management support from Weber Shandwick, an international public relations firm with offices in 81 countries. Those policyholders wanting more crisis management protection can purchase additional limits up to $350,000.

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, group life, reinsurance, surety, individual life and annuity products.

Weber Shandwick has experience across sectors and specialty areas, including consumer marketing, corporate reputation, healthcare, technology, public affairs, financial services, corporate social responsibility, financial communications and crisis management, using proprietary social, digital and analytics methodologies.

Topics USA