Berkshire Hathaway Specialty Insurance (BHSI) has launched its Executive First portfolios for private companies and non-profit organisations in Asia.
The private company portfolio covers both individuals and the corporate entity, and includes directors & officers (D&O) liability, employment practices liability, and employee dishonesty coverage.
Meanwhile, the non-profit organisation portfolio offers similar insurance coverage, with the addition of professional indemnity cover to meet the specific needs of non-profit organisations. The portfolio’s key features include pre-investigations cost coverage, court attendance coverage, and advancement of defence costs. Professional indemnity insurance covers corrective actions to help non-profit organisations mitigate potential losses and avoid claims.
“Our new policies address the full range of claims private companies, non-profit 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.
“Both policies reflect our commitment to providing the simple, concise solutions customers need for multifaceted management liability risks in today’s world,” added Nero Shiu, senior manager, executive & professional lines, BHSI in Hong Kong.
