Berkshire Hathaway Specialty Insurance (BHSI) has launched Contractor’s Protective, Professional and Pollution (CP3) Liability Policy, which is available on a primary and excess basis for practice or project-specific risks in the U.S.
Martin Andrejko, head of Contractors Professional, BHSI, said the form offers multi-faceted protection and large-scale capacity – up to $50 million for select accounts.
BHSI’s CP3 Liability Policy provides construction practices and projects with far-reaching protection in five coverage parts: professional liability, protective indemnity, pollution liability, rectification of design defects, and mitigation of pollution.
The pollution liability coverage part applies to claims arising out of covered operations and transportation of waste. Rectification of design defects and mitigation of pollution coverages have flexible triggers that enable insureds to act immediately to address design defects and pollution losses
Berkshire Hathaway Specialty Insurance provides commercial property, casualty, healthcare professional liability, executive and professional lines, surety, travel, programs, and homeowners insurance. The actual and final terms of coverage for all product lines may vary. It underwrites on the paper of Berkshire Hathaway’s National Indemnity group of insurance companies.