Liberty Mutual launches three excess liability endorsementsReprints
Liberty Mutual Insurance Co. said Wednesday that it has released enhanced excess liability endorsements.
The endorsements are aimed at helping brokers meet the excess insurance needs of large buyers, Liberty Mutual said in a statement.
The offerings include a following form endorsement including paid partial loss settlement, which ensures the lead umbrella and excess coverages have a consistent set of terms and conditions, except for the limits, premium and added endorsements, according to the statement.
A business continuity endorsement automatically extends the policy 30 days if communications are prevented due to a catastrophic event happening within 30 days of the policy’s expiration date.
A crisis management endorsement provides up to $250,000 to help the policyholder in the event of a man-made crisis, according to the statement.