BH GUARD Continues Expanding Its Full Line of Professional Liability Products Across the United States

September 15, 2020

Berkshire Hathaway GUARD Insurance Companies recently announced it continued its expansion of the company’s Professional Liability products, which include coverage for Lawyers, Architects and Engineers, Accountants, and nearly 100 more classes of business. Most recently, the company has added Professional Liability for Lawyers in Alabama and New Mexico, for Accountants in Arizona and Illinois, and for Architects and Engineers in Missouri. In all, the company has introduced products from their suite of Professional Liability coverages in eight states this year with plans for a dozen more by year end.

An unintended error or omission while performing the job could have serious consequences for a business. Due to perceived – or real – negligence, a dissatisfied customer or third-party could pursue litigation, putting a firm’s finances and reputation in danger.
An unintended error or omission while performing the job could have serious consequences for a business. Due to perceived – or real – negligence, a dissatisfied customer or third-party could pursue litigation, putting a firm’s finances and reputation in danger.

“We continue to expand our portfolio to supply our network of independent agents with quality products that enable them to grow,” said Sy Foguel, Berkshire Hathaway GUARD CEO. “In 2016, we began writing Professional Liability for a limited number of classes in 13 states. We now offer Professional Liability in 32 states and continue to exercise our targeted growth strategy with the goal of offering these products to all available classes nationwide in the near future.”

“Our Professional Liability product is designed to address the damages commonly incurred as a result of wrongful acts. Depending on the line of business, we offer limits from $100,000 up to $5 million and a wide range of deductible options,” explains Lyle Hitt, Chief Insurance Officer. “Full Prior Acts coverage and subpoena assistance may be requested along with a variety of other optional add-ons.”

Berkshire Hathaway GUARD’s Professional Liability product aims to meet the needs of many different professions. Policyholders are offered a variety of complementary services including online training videos, a risk-management help line and website for lawyers, and 24/7 self-service features via an online service center and mobile app.

Source: Yahoo Finance