Liberty Northwest Launches Commercial Series for Small to Mid-Sized Businesses

Liberty Northwest, 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 Protector, Custom Protector, 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 business owners policy (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.

SmartNav 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.

Source: Liberty Northwest