BOSTON--(BUSINESS WIRE)--Berkshire Hathaway Specialty Insurance Company (BHSI) today introduced Executive First Private Company Portfolio and Executive First Nonprofit Organisation Portfolio policies in Asia.
“Our Private Company and Nonprofit Organisation Portfolio forms provide far-reaching, contemporary coverage backed by BHSI’s financial strength,” said Nero Shiu, Senior Manager, Executive & Professional Lines, BHSI in Hong Kong. “Both policies reflect our commitment to providing the simple, concise solutions customers need for multifaceted management liability risks in today’s world.”
The Private Company Portfolio extends coverage to both individuals and the entity and includes Directors & Officers Liability, Employment Practices Liability, and Employee Dishonesty coverages.
The Nonprofit Organisation Portfolio offers similar coverages, with the addition of Professional Indemnity protection to address the specific needs of a nonprofit organisation. Key features include pre-investigations cost coverage, court attendance coverage, and advancement of defence costs. Professional Indemnity protection includes coverage for corrective actions to help nonprofit organisations mitigate potential losses and avoid claims.
“Our new policies address the full range of claims private companies, nonprofit organisations, and their directors and officers may encounter today -- from lawsuits arising from breach of compliance and disclosure requirements, to employee theft, to claims sparked by the acts of employees,” said Edwin Sim, Assistant Vice President, Executive & Professional Lines, BHSI in Singapore.
Berkshire Hathaway Specialty Insurance (www.bhspecialty.com) 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. In the Asia Middle East region, it underwrites on the paper of Berkshire Hathaway Specialty Insurance Company, which holds financial strength ratings of A++ from AM Best and AA+ from Standard & Poor’s. Based in Boston, Berkshire Hathaway Specialty Insurance has offices in Atlanta, Boston, Chicago, Houston, Indianapolis, Irvine, Los Angeles, New York, San Francisco, San Ramon, Seattle, Stevens Point, Auckland, Brisbane, Dubai, Dublin, Düsseldorf, Hong Kong, Kuala Lumpur, London, Macau, Melbourne, Singapore, Sydney and Toronto. For more information, contact firstname.lastname@example.org.