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.
Liberty Project Cargo Consortium (LPCC) provides dedicated and comprehensive coverage for:
Standalone project cargo
Project cargo including delay in startup (DSU)
Project periods up to 48 months
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.
Line Size (in USD)
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.
Liberty Project Cargo Consortium (LPCC) key facts & figures
- 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
- From naval architects, captains, surveyors, engineers
- Competitors focus on “Loss Control”, not “Risk Engineering” – Liberty partners with Underwriting, Brokers, and our Insureds