Berkshire Hathaway GUARD Now Offering Commercial Package Coverage in PennsylvaniaApril 2, 2019
Berkshire Hathaway GUARD Insurance Companies recently added a Commercial Package product in Pennsylvania. This new offering includes: Commercial Property with limits up to $120 million per location with an enhanced causes of loss form which includes built-in equipment breakdown and inland marine coverages as well as crime coverage; General Liability with base limits of $1 million to $6 million with even higher limits considered; Employment-Related Practices Liability Insurance (EPLI); and Commercial Umbrella for added protection. According to CEO Sy Foguel, “Our goal is to become a ‘One Stop Shop’ for our agents and their insureds. We continue to expand our portfolio to supply our network of independent agents with quality products that enable them to grow. While we are only adding Commercial Package in Pennsylvania at this time, more states are soon to follow.”
Executive Vice President Lyle Hitt explains that this new package product is designed to complement the company’s current Businessowner’s Policy by “addressing the insurance needs of larger, more complex operations or businesses with multiple exposures.” Hitt also notes that “our initial target markets include light-to-medium manufacturing, wholesalers and distributors, truck stops/travel plazas, resorts, and country clubs with plans to expand into additional markets.”
According to Vice President of Commercial Package Ellen Hauser, “GUARD’s coverages are unique and built with a wide range of add-ons and industry-specific endorsements. We take a customized approach to expanding the limits and scope of traditional property and casualty insurance.”
GUARD’s Assistant Vice President of Marketing Elizabeth Hartman says, “We can provide a great service to agents. Our product is competitively priced with discounts available when two or more lines are purchased as well as additional discounts based on unique business characteristics.”
In October of 2012, GUARD was acquired by Berkshire Hathaway Inc. – an international holding company with diverse interests that include insurance and reinsurance. In 2013, GUARD unveiled a new identity as Berkshire Hathaway GUARD Insurance Companies.
GUARD offers a national footprint with a growing list of insurance products, including: Workers’ Compensation, property/liability via a Businessowner’s Policy, Commercial Auto, Umbrella, Professional Liability, Disability, and Homeowners. Each of the organization’s insurance companies is rated A+ (“Superior”) by A.M. Best – a leading source of independent rating information on the insurance industry.
Agents interested in learning more should visit Commercial Package Policy.