Liberty International Underwriters (LIU), part of the Global Specialty unit of Liberty Mutual Insurance, has launched a new policy designed to cover marine liability and property related risks for small and mid-size marine businesses owners and operators.
The new policy, LIU Marine Business Owners Policy, offers policy forms that give access to a variety of optional coverages, including general liability.
LIU Marine BOP coverage includes marine general liability; hull and protection & indemnity; marine excess liability; and mobile equipment/tools. Classes eligible for coverage are: ship repairer/ship builder, marina operator, marine construction, marine artisan, marine contractors, consultant/inspections, and scientific/research/educational.
LIU Marine provides a range of insurance products that include ocean and project cargo, marine liabilities, marine builder’s risk and hull and machinery and yachts. LIU’s approach employs a team of local underwriters, risk engineers and marine claims specialists.
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.
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