Berkshire Hathaway Specialty Adds Contractor’s, Business Crisis Cover

November 13, 2014

Berkshire Hathaway Specialty Insurance (BHSI) has created a Contractor’s Broad Form Coverage, which is now available to contractors with BHSI’s primary general liability practice policies.

In addition, BHSI is offering contractors its Business Crisis Event Cost Coverage endorsement with these enhancements, further strengthening contractors’ ability to respond in a time of need while managing their risk.

BHSI’s Contractor’s Broad Form coverage provides affirmative grants of coverage in key areas. For example, it expands the underlying occurrence-based policy by tailoring many of the terms and conditions that can impact coverage with respect to construction defects. It also provides additional coverage for such things as fellow employees, additional named insureds, and terminated partnerships and joint ventures, while providing per-project aggregate limits and addressing some of the unique needs that can arise with respect to a construction wrap-up program.

Further, BHSI’s Business Crisis Event Cost Coverage extends BHSI’s contractor’s general liability policy by providing up to $100,000 for certain business crisis event costs, such as immediate support to victims and their family members, including funeral expenses, psychological counseling, travel and temporary living costs. Likewise, this coverage is available to hire a crisis management consulting firm to advise the policyholder in managing things such as adverse media coverage in the aftermath of a crisis event, such as a serious accident or fatality on a job site.

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