BH GUARD expands availability of commercial package and professional liability products

Berkshire Hathaway GUARD announced it added Illinois to the list of states where the insurer offers its Commercial Package Policy. The product includes Commercial Property featuring limits up to $120 million per location (higher limits considered), with an enhanced causes of loss form, including built-in equipment breakdown, crime coverages as well as broad inland marine coverages; General Liability with aggregate limits up to $6 million; and Commercial Umbrella for added protection.

“As we continue to expand our portfolio, our goal is to be the preferred insurance carrier our agents turn to for their insureds. We continue to supply our network of independent agents with quality products that enable them to grow,” said Sy Foguel, Berkshire Hathaway GUARD CEO. “Geared toward larger insureds, our CPP product complements our Businessowner’s Policy offering.”

Illinois is the fourth state where GUARD’s Commercial Package is available, after rollouts in Pennsylvania and New Jersey in 2019 and Michigan earlier this year. Availability in more states is expected soon.

“What sets our Commercial Package apart, among other things, is how we enhance our base coverages with a wide range of add-ons, limit options and access to both proprietary and industry specific endorsements,” says Lyle Hitt, Chief Insurance Officer of Property and Casualty Insurance. “We take a customized approach to expanding the limits and scope of traditional property and casualty insurance.”

Berkshire Hathaway GUARD’s Commercial Package product is designed to address the insurance needs of larger, more complex operations with multiple exposures. Initial target markets include light-to-medium manufacturing, wholesalers and distributors, large offices/habitational buildings, truck stops/travel plazas, resort hotels, and country clubs/golf courses.

Discounts are available when seeking quotes for two or more additional applicable lines, like Worker’s Compensation or Commercial Auto.

The company also 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.

Speaking of product expansion, Next Insurance is now offering workers’ compensation insurance in the following states: LA, CT, KY, MD, NE, SC, TN, VT, and VA, in addition to FL, TX, CO, GA, NV and AZ.