Insurer Liberty Mutual is debuting a new "green" general liability product
for apartments and condominiums as well as offices, retail, and
light-industrial buildings. The program's general liability coverage will eventually be available in all
50 statesThe company will offer an indoor environment endorsement that covers bodily
injury claims resulting from specialized air- and water-quality equipment
and products; and an adverse publicity exposure endorsement that covers
crisis planning, management, and consulting when a green building incurs bad
publicity due to a construction defect."Green building owners are a good risk because they are more likely to
maintain their property and to have in place a strong risk management plan
to protect their facility," Joseph Peloso, vice president of liability
programs for Liberty International Underwriters, a division of Liberty
Mutual, said in a
statement.Source: Liberty Mutual Group (05/03/2010)
for apartments and condominiums as well as offices, retail, and
light-industrial buildings. The program's general liability coverage will eventually be available in all
50 statesThe company will offer an indoor environment endorsement that covers bodily
injury claims resulting from specialized air- and water-quality equipment
and products; and an adverse publicity exposure endorsement that covers
crisis planning, management, and consulting when a green building incurs bad
publicity due to a construction defect."Green building owners are a good risk because they are more likely to
maintain their property and to have in place a strong risk management plan
to protect their facility," Joseph Peloso, vice president of liability
programs for Liberty International Underwriters, a division of Liberty
Mutual, said in a
statement.Source: Liberty Mutual Group (05/03/2010)
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