Berkshire Hathaway Specialty Insurance (BHSI) has expanded its executive & professional lines appetite to private companies in the U.S., launching the Executive First Private Company Portfolio.
The portfolio offers directors & officers liability, employment practices liability (EPL), fiduciary liability, employed lawyers liability and commercial crime insurance in one clearly written form, crafted expressly for the exposures of privately held businesses.
Dan Fortin, head of Executive & Professional Lines, BHSI, said a similar program, tailored for nonprofit risks, is coming soon.
The Executive First Private Company Portfolio is available with shared or separate coverage limits of up to $50 million. Customers purchasing the EPL coverage part will also have access to BHSI’s EPL First, which provides access to an on-line repository of HR training and compliance resources and attorney-client privileged “help line” services from an employment attorney. Both services are provided by Littler Mendelson, a global employment and labor law firm.
BHSI is initially targeting private companies with revenue in excess of $15 million.
Berkshire Hathaway Specialty Insurance provides commercial property, casualty, healthcare professional liability, executive and professional lines, surety, travel, programs, and homeowners insurance.