Liberty Northwest Commercial SeriesÔ Launches in Five State Northwest TerritoryPortland, Ore. (October 26, 2010) Liberty NorthwestÒ, a Liberty Mutual Agency Markets regional company, today announced the launch of the Liberty Northwest Commercial Series, its insurance solution for small to medium-sized businesses. The portfolio consists of Commercial Protectorâ, Custom ProtectorÒ, and the Comprehensive Business Policy, providing coverage for more than 1,100 business classes and available to appointed agents in Alaska, Idaho, Montana, Oregon, and Washington.
Commercial Protector is a BOP that provides broad property and liability coverages in a single comprehensive policy with a wide choice of options for customization. Liability limits are offered at increments between $300,000 and $2 million. Commercial Protector is available for eligible retail, office, service and wholesale classifications with receipts up to $8.5 million per location.
Custom Protector includes an array of property and liability coverages that can be customized for more than 500 business classes. In addition to expanded eligibility, Custom Protector offers optional market segment endorsements for the following ten industry segments; contractors, food processors, garages, hotels/motels, manufacturers, office/lessors, restaurants, retailers, wholesalers, and service programs. Custom Protector is available to businesses that are low-to-medium hazard risks with receipts up to $15 million per location.
Liberty Northwest also offers the Comprehensive Business Policy (CBP) which is designed for more complex middle market accounts. Also available are Extension Plus endorsements for construction, artisan contractors, equipment breakdown, commercial general liability, property, and business auto.
“The Liberty Northwest Commercial Series represents a complete commercial lines refresh for our agents and business customers,” said Jim Hannah, vice president, and underwriting manager, Liberty Northwest. “We’re combining a broader product set and expanded appetite with new technology, increasing our efficiency and our agents’ ability to compete and win in the market place.”
SmartNavÔ is the pre-qualification tool within enhanced Commercial Lines IQÔ, Liberty Northwest’s new policy administration and quoting system. With enhanced screen flows and useful prompts, it suggests the most appropriate product for a commercial risk based on state and class codes and a few basic eligibility questions. SmartNav largely alleviates agents’ having to determine if a risk meets underwriting requirements.
About Liberty Northwest
Northwest. Founded in 1983, Portland-based Liberty Northwest distinguishes itself through exceptional customer service, building strong partnerships, and serving the community.
Liberty Northwest is part of Liberty Mutual Agency Markets, a business unit of Liberty Mutual Group, consisting of property and casualty and specialty insurance carriers that distribute their products and services primarily through independent agents and brokers. Liberty Mutual Group ranks 71 on the Fortune 500 list of the largest U.S. corporations based on 2009 revenues. The company has financial strength ratings of A (Excellent) from the A.M. Best Company, A2 (Good) from Moody’s Investors Service, and A- (Strong) from Standard & Poor’s.
* Based on the 2005 Department of Consumer and Business Services Report
Posted: October 26, 2010