Berkshire Hathaway GUARD Insurance Companies has expanded its Commercial Package product into New Jersey.
This offering includes:
- Commercial property with limits up to $120 million per location with an enhanced causes of loss form which includes built-in equipment breakdown and inland marine coverages as well as crime coverage
- General liability with base limits of $1 million to $6 million with even higher limits considered
- Employment-related practices liability insurance (EPLI)
- And commercial umbrella for added protection.
According to CEO Sy Foguel Berkshire Hathaway GUARD continues to expand its portfolio to supply it network of independent agents with products that enable them to grow. New Jersey is the second state for the Commercial Package after initially rolling it out in Pennsylvania, and more states are soon to follow.
The package product is designed to address the insurance needs of larger, more complex operations or businesses with multiple exposures. Initial target markets include light-to-medium manufacturing, wholesalers and distributors, truck stops/travel plazas, resort hotels, and country clubs/golf courses with plans to expand into additional markets.
Discounts are available for the product when two or more lines are purchased as well as additional discounts based on unique business characteristics.
Berkshire Hathaway GUARD Insurance Companies is a property and casualty insurance specialist writing policies nationwide. The Berkshire Hathaway GUARD Insurance Companies maintain a total of eight offices throughout the country.
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