Berkshire expands pro lines to include private companiesReprints
Berkshire Hathaway Specialty Insurance Co. on Friday said it has expanded its executive & professional lines portfolio to include private companies in the U.S.
Executive First Private Company Portfolio provides directors & officers liability, employment practices liability, fiduciary liability, employed lawyers liability and commercial crime insurance in one form for the exposures of privately held businesses, Berkshire Hathaway said in a statement.
The portfolio is available with shared or separate coverage limits of up to $50 million. The coverage also provides access to HR training, compliance resources and attorney-client privileged help line services from a Littler Mendelson P.C. employment attorney, according to the statement.
“Our Private Company Portfolio provides substantive coverage and value in a contemporary and comprehensive form, backed by BHSI’s financial strength,” Dan Fortin, head of executive & professional lines, BHSI said in the statement.