The Berkshire Hathaway Specialty Insurance Company has recently expanded its Executive & Professional Lines portfolio in New Zealand with the introduction of Association Liability and Management Liability Insurance Policy.
Apparently, the new Management and Association Liability policy of the company shows how it is committed towards offering a broad coverage in concise as well as simple words to be able to address the management liability that is multifaceted in terms of risks of the current world.
Australasia’s Head of Executive and Professional Lines, Cameron McLisky stated that the policies will offer the non-profit organizations and private firms with decent solutions supported by the company’s commitment to claims handling excellence as well as its financial strength.
The Management Liability policy has been created to tackle an extensive range of claims which private firms can face. The insureds and brokers are capable of customizing the coverage to be able to include General Liability, Employers Liability, Fidelity Insurance/Employment Practices Liability, Directors & Officers Liability, and lastly, statutory Liability.
According to reliable sources, the Association Liability policy provides the non-profit organizations the same kind of flexibility and coverage customized according to the needs along with the Professional Indemnity protection addition.
For the record, the Berkshire Hathaway Specialty Insurance firm is based in America and offers commercial property, executive as well as professional lines, accident and health, casualty, travel, and marine insurance programs. The final and the real term of the coverage of the products tend to vary widely. The coverage underwrites on the paper of Berkshire Hathaway Specialty Insurance firm that has the strength ratings of A++ in New Zealand.
The company has its office in Boston, Houston, Irvine, New York, San Ramon, Stevens Point, Auckland, Cologne, Dublin, Kuala Lumpur, Macau, Melbourne, Paris, Singapore, Toronto, and London.
Source Credit- https://business.financialpost.com/pmn/press-releases-pmn/business-wire-news-releases-pmn/berkshire-hathaway-specialty-insurance-introduces-management-liability-association-liability-policies-in-new-zealand