Tuesday, April 22, 2008

Liberty Mutual Going Green

With green building construction starts expected to increase 400 percent in the next two years, Liberty Mutual Property, part of Liberty Mutual Group, has introduced a collection of green is a property policy endorsement that gives customers the coverage flexibility necessary to best protect their green investments.

In the event of a covered loss to a LEED® or Green Globe certified building, Green Select provides insurance for building recommissioning and/or recertification fees, vegetative roofing systems, debris recycling and the use of green-certified products. The endorsement also covers the costs to recertify a building one level higher than its previous certification in the LEED Certification Program or Green Globe Certification Program. Green Selects flexibility extends to non-green properties by giving owners the extra money necessary to upgrade certain aspects of their property to green.

With Liberty Mutual Property, clients have access to LEED-certified engineering, a comprehensive account stewardship process, industry leading service standards and coverage for:

  • Mandatory fees for temporary HVAC systems used during reconstruction;
  • Lost business income from alternative energy production;
  • Extra expenditures necessary to get a business open sooner;
  • Service interruption of phone, electricity, gas, and water; and
  • Foundations and underground property up to 1,000 feet from a covered location.

For more information on Green Select, contact a member of the Account Team or email: property_info@libertymutual.com.

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