Boston’s Berkshire Hathaway Specialty Insurance (BHSI) announced last week the launch of a new Professional Liability Insurance Product For Insurance Company’s. Known as Professional FirstTM Insurance Company Professional Liability Insurance, this latest product from BHSI aims to provide a highly customizable policy for U.S. insurance companies, their executives and employees.
“Our Professional First Insurance Company Professional Liability policy’s easy-to-read form is readily tailored for each insurer’s business objectives and claims handling processes,” said Tom Kocaj, Vice President, Head of Financial Institutions, BHSI. “Our policyholders can have confidence that their liability coverage fits their unique risks – and comes with BHSI’s extensive underwriting and claims expertise as well as stellar financial strength.”
According to the company, what makes this new product special is that it provides coverage for claims “…arising from alleged errors or omissions in the provision of professional services, including claims involving extra contractual allegations.” BHSI also notes that the policy provides an expansive definition of both “Professional Services” and “Claim” as well as a more flexible notice provision.
For more information about this product, BHSI asks that interested persons contact Tom Kocaj at thomas.kocaj@bhspecialty.com or 917-960-2450.
