Berkshire Hathaway Specialty Insurance (BHSI) has introduced two new policies tailored specifically for UK financial institutions: Professional First Financial Institutions Civil Liability Insurance, and Executive First Financial Institutions D&O Liability Insurance.
“Both policies clearly articulate broad coverage for liability exposures faced by large financial institutions,” said BHSI in a statement.
These policies also include coverage to support crisis management and offer expansive coverage for investigations, which help companies manage critical reputational risks, said the company.
Professional First Financial Institutions Civil Liability Insurance includes features such as continuity coverage and express coverage for claims arising from breaches of privacy. Executive First D&O Liability Insurance includes key features designed to ensure the most reliable coverage for individuals, from automatic reinstatement of Side A limits, to an unlimited discovery period for retired executives.
Last year, BHSI introduced Professional First Asset Management Liability Insurance in the UK and Ireland.
“Executives and professionals across Europe face significant liability exposures, and a volatile market for coverage. BHSI is pleased to provide UK financial institutions with the certainty of broad, clearly-written coverage, backed by the financial strength, stability and claims service of BHSI,” said Thomas Dilley, head of Financial Institutions, BHSI, UK & Ireland.
To learn more, contact Tom Dilley at thomas.dilley@bhspecialty.com
Source: Berkshire Hathaway Specialty Insurance
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