Liberty Project Cargo Consortium

Product information

When building large-scaled international infrastructure projects, a specialist insurance solution is vital to protect your business from risk exposure and consequential loss related to the cost, size and complexity of the assets, the logistical challenges, and the extended timescales required to repair/replace them, to name but a few. In 2022, seven supporting syndicates granted Liberty Specialty Markets (LSM) authority to underwrite Project Cargo on their behalf with various brokers. As the sole leader, LSM will bind risks to Consortium 7763 where we write the business 100% on this consortium, with a single stamp that binds all eight consortium members.

Dedicated and comprehensive coverage

Standalone project cargo

Project cargo including delay in startup (DSU)

Heavy lift

Project periods up to 48 months

One-stop-shop solution

One-stop-shop from Underwriting to Risk Engineering to Claims

One single stamp: efficient service with consortium single stamp and Broker 258 managing fees and Xchanging

One agreement party

Risk Engineering expertise

From naval architects, captains, surveyors, engineers

Competitors focus on “Loss Control”, not “Risk Engineering” – Liberty partners with Underwriting, Brokers, and our Insureds

Line size

205

million USD

Territories

Worldwide

Downloads

Liberty Project Cargo Consortium Key Facts

pdf • 0.75Mb

Download

One-stop-shop from Underwriting to Risk Engineering to Claims

Liberty Project Cargo Consortium (LPCC) provides tailored risk management solutions including the ability to insure the impact of delays on project financing with up to USD 205 million of capacity.

With over 45 years of collective experience, our knowledgeable and experienced Cargo underwriters are able to make decisions quickly for our clients and broker partners. We have in-depth understanding and extensive experience dealing with complex risks and supporting the businesses of a broad range of clients from small, specialist companies to multi-billion-dollar businesses on a worldwide basis.

The dedicated Cargo team is supported by a global unit of four marine engineers who are either former master mariners or have a track record in Energy, Procurement and Construction. This means that every client can have access to a bespoke team of dedicated in-house experts who are on call 24/7 to provide insight and support – all as part of the cover provided.

In addition, a three-strong team of specialist claims adjusters also ensures that if things do go wrong, clients can have access to rapid risk mitigation from some of the most experienced professionals in the market.

You’re in expert hands

With over 45 years of collective experience, our knowledgeable Cargo underwriters are able to make decisions quickly for our clients and broker partners.

Let Chris, Richard, and Andrew know how we can help.

PreviousNext