Berkshire Hathaway Specialty Insurance (BHSI) has introduced its Commercial Output Policy (COP) that combines the company’s new admitted property insurance policy with its inland marine coverages.
BHSI’s COP uses American Association of Insurance Services (AAIS) wording and responds to property risks in conjunction with their motor truck cargo, warehouse legal liability, contractor’s equipment, installation and builder’s risk exposures.
Targeted industries for BHSI’s COP include logistics/transportation/trucking, contractors, equipment dealers, and light to moderate processing risks. BHSI’s COP product is currently available in all states and the District of Columbia (except for California, where approval is pending).
BHSI provides commercial property, casualty, healthcare professional liability, executive and professional lines, surety, travel, programs, medical stop loss, 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.
Topics Commercial Lines New Markets
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