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Project Cargo

Cargo ship and cranes

During the transportation and construction phases of multimillion-dollar infrastructure projects, delays due to damage of critical materials, or to custom-built, heavy-lift cargo can have disastrous effects. At Liberty Mutual Insurance, our Project Cargo coverage provides comprehensive transportation insurance, integrated risk engineering services and a unique worldwide team approach that helps clients mitigate their exposure to the risk of costly cargo delays and damage.

Target Classes

  • Bridge Expansion
  • Mining
  • Offshore Installation
  • Oil & Gas
  • Petrochemical
  • Pharmaceutical Plants
  • Power Generation
  • Terminal Expansion Projects
  • Transportation Challenges Unique to Isolated Venues (Oil sands, ice roads)
  • Underground Rail/Tunneling Equipment

Policy Highlights

  • Immediate capacity of $100 million for Project Cargo
  • Policy forms and coverages tailored to specific needs
  • Multiline capabilities; in particular, $125 million construction capacity
  • Consequential loss coverage (DSU, ALOP)

Capacity

$100 million

The Liberty Difference

  • Liberty ‘s 360-degree approach enables our highly experienced in-house team to take a focused and holistic look at each project, to reduce the likelihood of unexpected (and costly) surprises and ensure that the project has the proper amount of policy coverage and risk protection
  • Superior knowledge of DSU/ALOP
  • Tailored coverage for multinational risks, including locally admitted policies
  • In-house engineering staff with significant field experience

Why Liberty?

  • • A.M. Best Financial Strength Rating ‘A’ (Excellent); S&P rating of ‘A’ (Strong)
  • • Efficient cross-border capabilities
  • • Established Canadian market presence for over 25 years
  • • Access to Liberty Mutual’s extensive international network
  • • Local underwriting authority
  • • Local risk engineering and risk control experts
  • • In-house claims service team