Liberty Mutual Introduces Monoline Equipment Breakdown Product

November 2, 2010

Liberty Mutual expands its equipment breakdown (EB) offering with the launch of PowerPro Select, an expansive monoline product for companies that prefer separate EB coverage. With the addition of PowerPro Select, Liberty Mutual enables agents and brokers to offer EB coverage to clients seeking either an all-risk policy with the optional EB coverage or a monoline policy, with availability beginning with January 1, 2011 business.

“All organizations have equipment that can suddenly break down and interrupt operations,” said Mark Butler, president of Liberty Mutual Commercial Markets distribution and service management. “While some of these organizations purchase all-risk policies with EB coverage embedded, many others want EB policies that are separate from the rest of their commercial insurance.”

Liberty Mutual’s EB team helps agents and brokers safeguard their customers’ core equipment exposures with physical damage, loss of income, spoilage, and utility interruption insurance for:

  • Boilers
  • Refrigeration and Air Conditioning Equipment
  • Pressure Vessels
  • Mechanical and Electrical Equipment
  • Production Machinery
  • Computers and Telecommunications Systems

Both Liberty Mutual policies – the all-risk with optional EB coverage and PowerPro Select – help agents and brokers protect their customers’ operations by offering equipment breakdown coverage along with access to in-house engineering and claims service. Additionally, Liberty Mutual utilizes a nationwide jurisdictional system to identify, schedule and issue jurisdictional certificates mandated by most states and municipalities.

Source: Liberty Mutual

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