Liberty Mutual Insurance has launched two new excess casualty products for large companies: the Utility Follow Form Excess for the power and utility sectors, and the Integrated Occurrence Form for the large corporate sector. Both are available from Liberty Surplus Insurance Corp. on a surplus lines basis.
The Utility Follow Form Excess product for power generation and utility companies fits above lead excess casualty layers typically written by industry mutuals, providing critical excess coverage tailored to the specific needs of this sector. Liberty Surplus built the follow form product by drawing on Liberty Mutual’s experience with its primary property & casualty coverage for the power and utility sectors.
The Integrated Occurrence Form allows a policyholder to aggregate like claims into a single “integrated occurrence” so companies can manage limits and coverage for the large liabilities often associated with long-tail claims.
Liberty Surplus is a surplus lines insurer that distributes its policies through licensed surplus lines brokers. Liberty Surplus is not licensed as an authorized insurer in any state. Surplus lines insurers do not generally participate in state guaranty funds, and insureds are not protected by such funds.
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