Liquid phase liquid crystal polymers (LCPs) are disclosed having a composition and structure that can be varied to provide desirable properties. The liquid phase LCPs have polyiminoborane, polyaminoborane, and/or borozine polymer backbone molecules, with silicon and/or phosphorous side chain molecules linked to the backbone that provide a degree of alignment assigned an Order Parameter (S), defined as S=1/3 [3 cos.sup.2 .theta.-1], where .theta. is the angle between the axis of an LCP molecule and the vertical direction. The inventive liquid phase LCPs have an average Order Parameter in the range of about 0.2 to about 0.99 and are applicable to a number of rinse, coolant, lubricant, sterilization and other protectant processes.