Berkshire Hathaway Specialty Insurance Co. (BHSI) announced it has introduced a new Contractors Plant & Equipment (CP&E) policy for customers in Australia.
“With this new policy, contractors can easily and efficiently address their property damage and liability exposures, including road risk, in a single policy,” said Dimitry Zilberud, head of Marine, BHSI Australasia. “This new product is an excellent complement to our existing capabilities in property, construction, mining and casualty.”
BHSI said its CP&E policy wording combines breadth of coverage with the flexibility to respond to the specific needs of customers across a multitude of industries. The new policy includes numerous coverages including:
- Material damage (with a range of automatic benefits)
- Hired in plant
- Financial protection for plant and interruption
- Road risk
- General liability
- Replacement value for plant (up to 36 months old) after total loss.
Strong property and liability cover offers far-reaching coverage for a wide range of sectors, including earthmoving and excavation contractors, road works, builders/construction, plant hire companies, farming and agriculture.
In addition, this product brings with it BHSI’s claims service, local and direct to broker underwriting expertise allied with BHSI’s strong risk engineering capabilities.
BHSI will conduct this business directly with brokers.
For more information, contact Niall O’Connell at Niall.OConnell@bhspecialty.com or Dimitry Zilberud at Dimitry.Zilberud@bhspecialty.com.
Source: Berkshire Hathaway Specialty Insurance (BHSI)
Topics Contractors Australia
Was this article valuable?
Here are more articles you may enjoy.
The Future of the Agency in a World of AI 
Old Republic to Acquire Small Farmowner Insurer Everett Cash Mutual 
GEICO Sues Medical Firms in Florida, NY Over Alleged No-Fault Auto Fraud 
AWS Outage a ‘Moderate Incident,’ Another Near Miss for Insurance Industry 
