Liberty Mutual Enhances Insurance Agents Errors & Omissions Program

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Nov 26, 2018, 12:30 ET

BOSTON, Nov. 26, 2018 /PRNewswire/ -- To better protect insurance agents, Liberty Mutual has strengthened its Agents Errors & Omissions Program, significantly enhancing, clarifying and revising key forms and endorsements.

"We've made a great product even better," notes Todd Stevenson, Underwriting Manager, National Insurance Specialty Programs, Liberty Mutual. "We've broadened key coverages, including a change from claims-made and reported to a pure claims-made policy form, clarified and simplified policy language, and expanded important endorsements. These enhancements are coupled with our experienced claims staff, dedicated claims advice line, 35+ years in the marketplace and competitive pricing."

New coverage provisions include:

Pure claims-made form
Enhanced reducing and waiver of deductible provisions
Increased supplemental payments provision for loss of earnings and regulatory defense
Enhanced settlement provision
Data compromise included with increased sub-limits
Broadened coverage for carrier insolvency

For inquiries or further information contact [email protected] and a program representative will respond.

Liberty Mutual's Insurance Agents Errors & Omissions Program – which is written on admitted paper – is available nationally, except in Alabama, Alaska, the District of Columbia, Florida, Hawaii, Louisiana, Mississippi, New Mexico, New York and West Virginia.

About Liberty Mutual Insurance

Liberty Mutual is the 5th largest global property and casualty insurer based on 2017 gross written premium, with nearly 50,000 employees in 30 countries and economies around the world. Our purpose is to help people embrace today and confidently pursue tomorrow. The promise we make to our customers throughout the world is to provide protection for the unexpected, delivered with care. We achieve this by offering a full range of personal, commercial, and specialty Property & Casualty insurance coverages. Our customers' trust has earned us the 68th spot on the Fortune 100 list of largest corporations in the U.S., based on 2017 revenue. You can learn more about us by visiting Libertymutualgroup.com.

Contact: Richard Angevine, 1-617-574-6638, 1-617-833-0926, [email protected]

SOURCE Liberty Mutual Insurance