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Liberty Mutual enhances commercial insurance property form


Liberty Mutual Holding Co. Inc. Tuesday launched an all-risk property policy that it says is easier-to-understand.

Mike Fallon, president at Liberty Mutual subsidiary National Insurance, said in a statement that the Premier Property Protector form “blends broad coverage, an intuitive structure and easy to understand language” and is supported by Liberty Mutual’s consultative property risk engineers.

Among other things, Liberty Mutual said the form features simplified language and structure; all-risk flexibility that accommodates domestic, global, shared and layered, equipment breakdown and industry-specific needs; and expanded, embedded and clarified coverages.

“We basically started with a blank piece of paper and said, ‘we want to design a true all-risk form that has flexibility and is able to meet our customers’ needs,” said Rick Friedl, New York-based division underwriting manager for the Northeast for national insurance property. “Both the broker and the customer can see the read right in front of them at a glance, and if they want to … really get into the pages, they have the capability to do that.”

Premier Property Protector is currently available in 49 states and is pending approval by Texas regulators.