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Berkshire Hathaway launches professional liability cover in Canada

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Berkshire Hathaway Specialty Insurance Co. said Monday it has launched miscellaneous professional liability insurance coverage in Canada.

The Professional First policy offers claims-made coverage for professionals and professional services firms, providing protection to professionals and professional services firms accused of negligent acts, errors or omissions, misstatements, misleading statements, neglect, breach of duty and unintentional breach of contract, BHSI said in a statement.

In addition, the policy includes preclaim assistance coverage, earnings loss reimbursement and reimbursement for attendance at legal proceedings, according to the statement.

“Our new Professional First MPL form provides coverage that maximizes protection and results in peace of mind for Canadian professionals,” Michael Densham, Toronto-based vice president of executive and professional lines for Canada, said in the statement. “With our coverage and our experienced professional liability team, policyholders are assured of expert, responsive service to help them avoid claims and successfully navigate those that arise.”