BOSTON--(BUSINESS WIRE)--

Liberty International Underwriters (LIU), part of the Global Specialty unit of Liberty Mutual Insurance, has launched a new policy designed to cover marine liability and property related risks for small and mid-size marine businesses owners and operators.

The new policy, LIU Marine Business Owners Policy, offers competitive policy forms that give easy access to a variety of optional coverages, including general liability, which is a key exposure for smaller-size businesses.

Small business owners want a comprehensive policy that encompasses multiple coverages, said Don Harrell, senior vice president of LIU marine. 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 and to make it easier for small businesses to have access to a financially strong insurer with impeccable service standards.

LIU Marine BOP coverage includes marine general liability; hull and protection & indemnity; marine excess liability; and mobile equipment/tools. Classes eligible for coverage are: ship repairer/ship builder, marina operator, marine construction, marine artisan, marine contractors, consultant/inspections, and scientific/research/educational.

LIU Marine provides a broad range of insurance products that include Ocean and Project Cargo, Marine Liabilities, Marine Builders Risk and Hull and Machinery and Yachts. LIUs unique approach employs a team of local underwriters, risk engineers and marine claims specialists. Because the entire team is fully integrated into the insurance process, clients get faster service and a program that leads to a reduction in loss and best claims outcome.

Brokers can contact Don Harrell at Donald.harrell@libertyiu.com or 212-208-2862.

About Liberty Mutual Insurance

"Helping people live safer, more secure lives" since 1912, Boston-based Liberty Mutual Insurance is a diversified global insurer and the third largest property and casualty insurer in the U.S. based on 2012 direct premiums written as reported by the National Association of Insurance Commissioners.

Liberty Mutual Insurance also ranks 81st on the Fortune 100 list of largest corporations in the U.S. based on 2012 revenue. As of December 31, 2012, Liberty Mutual Insurance had $120.1 billion in consolidated assets, $101.5 billion in consolidated liabilities, and $36.9 billion in annual consolidated revenue.

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Liberty International Underwriters Launches New Business Owner Policy for Marine