Liberty International Underwriters, part of Liberty Mutual Insurance, has launched an Automotive Components Product Recall Policy designed to cover first and third party recall expenses. The policy coverage encompasses critical, noncritical and after-market parts with limits of $5 million primary and $10 million excess over selected carriers.
The highly-specialized coverage will be available globally to Tier 1, 2 and 3 suppliers to original equipment manufacturers in the U.S., U.K. and Asia Pacific.
Part of Liberty Mutual Insurance, Liberty International Underwriters (LIU) distributes global specialty lines products and services exclusively through the independent broker network worldwide to insure specialized risk in most countries in the world.
Topics Auto Underwriting New Markets
Was this article valuable?
Here are more articles you may enjoy.
Business Moves: Trucordia Acquires 5 Local Agencies in 4 States 
70% of Drivers Say They’ve Felt Unfairly Judged by Auto Insurers: Arity Report 
Bipartisan Legislation Introduced to Retroactively Restore NFIP 
China Accuses US of Orchestrating $13 Billion Bitcoin Hack 
