Liberty International Underwriters, the global specialty unit of Boston-based Liberty Mutual Group Inc., has launched a new business owner policy designed to cover marine liability and property-related risks for small and midsize marine businesses. The policy also provides access to optional additional coverage, including general liability.
"Small-business owners want a comprehensive policy that encompasses multiple coverages," Don Harrell, New York-based senior vice president of LIU marine, said Wednesday in a statement. "They face the same marine liability and property risks as larger companies and need to have in place the same protections. We created LIU Marine BOP to meet this need in the market."
The basic policy includes marine general liability; hull and protection and indemnity; marine excess liability; and mobile equipment and/or tools. The coverage is aimed a businesses that include ship repairers/ship builders, marina operators, marine builders, marine artisans, marine contractors, consultants/inspectors and scientific/research/educational.
In addition, LIU provides a broad range of other marine insurance products such as ocean and project cargo, marine liability, marine builder's risk, hull and machinery, and coverage for yachts.
For more information, contact Don Harrell at email@example.com or at 212-208-2862.