NEW YORK--(BUSINESS WIRE)--Liberty International Underwriters (LIU), part of Liberty Mutual Insurance, announced today that it has launched stand-alone War and Terrorism coverage to protect U.S. businesses at home and their assets abroad. In 2014, the cost of global terrorism rose to levels not seen since 9/11 – an estimated U.S. $52.9 billion according to Global Terrorism Index by the Institute for Economics and Peace. Businesses are looking for insurance solutions to help them navigate these new exposures. LIU’s coverage can be customized to include business interruption and loss of attraction as well as extra expenses for business directly and indirectly impacted by a terrorist act. The policy is non-cancellable for up to five years.
“With more random and localized terrorist attacks causing increased casualties and mass disruption, U.S. businesses are finding themselves more vulnerable in different ways. Terrorism is one of the top concerns for CEOs. Companies and brokers who want to stay one step ahead of the curve are increasingly turning to stand-alone War and Terrorism products which respond immediately and address key issues like business interruption and loss of attraction,” said Henry Nelson, who has transferred from Liberty’s London office to lead the U.S. effort.
LIU’s War & Terrorism product covers a variety of event triggers, and target industries include: Commercial properties, construction, heavy industry, infrastructure, leisure and entertainment, manufacturing, municipalities, oil & gas, power generation, real estate, marine, retail and hotels.
For more information contact Henry Nelson at 212-208-2862 or henry.nelson@libertyiu.com.
About Liberty International Underwriters
Part of Liberty Mutual Insurance, Liberty International Underwriters (LIU) distributes global specialty lines products and services exclusively through the independent broker network worldwide to insure specialized risk in most countries in the world.
From New York to Melbourne, LIU maintains underwriting consistency that leverages substantial global capacity while giving its underwriters broad local authority to deliver creative solutions that genuinely add value.
Visit www.LIU-USA.com to learn more.
About Liberty Mutual Insurance
Liberty Mutual Insurance helps people preserve and protect what they earn, build, own and cherish. Keeping this promise means we are there when our policyholders throughout the world need us most.
In business since 1912, and headquartered in Boston, Mass., today Liberty Mutual is a diversified insurer with operations in 30 countries and economies around the world. The company is the fifth largest property and casualty insurer in the U.S. based on 2015 direct written premium data as reported by the National Association of Insurance Commissioners. Liberty Mutual is ranked 73rd on the Fortune 100 list of largest corporations in the U.S. based on 2015 revenue. As of December 31, 2015, the company had $121.7 billion in consolidated assets, $102.5 billion in consolidated liabilities, and $37.6 billion in annual consolidated revenue.
Liberty employs more than 50,000 people in over 800 offices throughout the world, and we offer a wide range of insurance products and services, including personal automobile, homeowners, accident & health, commercial automobile, general liability, property, surety, workers compensation, group disability, group life, specialty lines, reinsurance, individual life and annuity products.
You can learn more by visiting www.libertymutualinsurance.com