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Liberty Mutual expands equipment breakdown offering

Liberty Mutual has expanded its equipment breakdown (EB) offering with the launch of PowerPro Select, a monoline product for companies that prefer separate EB coverage.

Liberty Mutual said that with the addition of PowerPro Select, it will enable agents and brokers to offer EB coverage to clients seeking either an all-risk policy with the optional EB coverage or a monoline policy, with availability beginning with 1 January 2011 business.

Liberty Mutual’s EB team helps agents and brokers safeguard their customers’ core equipment exposures with physical damage, loss of income, spoilage, and utility interruption insurance for: boilers, refrigeration and air conditioning equipment, pressure vessels, mechanical and electrical equipment, production machinery and computers and telecommunications systems.

Both Liberty Mutual policies, the all-risk with optional EB coverage and PowerPro Select, will help agents and brokers protect their customers’ operations by offering EB coverage along with access to in-house engineering and claims service.