The surety unit of Liberty Mutual Insurance will launch subcontractor default insurance coverage this autumn, in response to demand from large US contractors seeking protection for multi-year projects. In a statement issued today, the company said it was "pleased that we have been able to partner with our customers and partners on an innovative product offering which is designed specifically to protect against the risk
The surety unit of Liberty Mutual Insurance will launch subcontractor default insurance coverage this autumn, in response to demand from large US contractors seeking protection for multi-year projects. Liberty Mutual Surety said coverage will include surety and subcontractor default insurance, as well as primary, excess and specialty coverages.