Liberty International Underwriters to offer auto parts recall policy

Liberty International Underwriters said on Tuesday that it launched an automotive components product recall policy.

The policy was designed to cover first- and third-party recall expenses. The coverage includes critical, noncritical and after-market parts with limits of $5 million primary and $10 million excess, the Liberty Mutual Insurance Co. unit said in a statement.

“Critical and noncritical auto parts is an underserved market and one that we often receive requests to write,” Jane McCarthy, senior vice president for LIU global crisis management, said in the statement.