Berkshire Hathaway Specialty Insurance (BHSI) has launched Executive First, a directors & officers liability insurance policy designed to address the complex and volatile risks facing directors, officers and their companies. Executive First is targeted towards large commercial and financial organizations.
Executive First provides a broad scope of directors & officers liability coverage, including expanded protection for individual members of the board and management team in the event the company is insolvent or otherwise unable to indemnify them in connection with a claim. The form addresses critical areas of exposure, including securities class actions, shareholder derivative actions and government investigations. Up to $100 million in capacity is available, currently on a non-admitted basis. An admitted policy form will be available later in the year.
Berkshire Hathaway Specialty Insurance provides commercial property, casualty, healthcare professional liability, executive and professional lines insurance and programs for customers across the U.S. It underwrites on the paper of Berkshire Hathaway’s National Indemnity group of companies. Based in Boston, Berkshire Hathaway Specialty Insurance has regional underwriting offices in Atlanta, Chicago, Los Angeles and New York.
Was this article valuable?
Here are more articles you may enjoy.