Berkshire Hathaway Specialty Insurance Launches Employment Practices Liability Insurance

Targeted News Service (Press Releases)

BOSTON, Nov. 14 -- Berkshire Hathaway Specialty Insurance, a provider of commercial property, casualty, healthcare and executive and professional lines and marine insurance, issued the following news release:

Berkshire Hathaway Specialty Insurance (BHSI) today introduced Employment Practices Liability Insurance (EPLI), the latest addition to its Executive FirstTM suite of policies. Zis new policy provides broad, modern coverage for companies facing harassment, discrimination and other claims initiated by employees, regulators, customers, and others.

"Our EPLI policy is a clear and concise solution for complex risks," said Dan Fortin, SVP, Head of Executive & Professional Lines, BHSI. "It comes with BHSI's trusted underwriting and claims expertise and proven services to help our customers instill employment best practices and ensure regulatory compliance."

* policy is designed to protect companies and executives in the full spectrum of claims that arise in today's employment terrain, including wrongful termination, harassment, discrimination, retaliation, and failure to employ or promote.

* policy clearly articulates coverage for contemporary exposures, including those arising from genetic information, military status, sexual orientation or preference, and improper internet activity. Harassment is broadly stated as sexual or workplace harassment of any kind. Coverage extends to allegations brought by employees as well as third parties, such as customers.

Limits of up to $25 million are available.

BHSI's EPLI policyholders have access to EPL First, an online repository of HR training and compliance resources as well as attorney-client privileged "help line" services from an employment attorney. Zese services are provided by Littler Mendelson, the world's largest employment and labor law rm.

EPLI is the newest addition to BHSI's Executive First suite of products, all of which provide clear, current and customizable executive liability coverage for commercial and nancial rms, including those with the most complex risk-transfer needs. Along with EPLI, the suite includes D&O Liability Insurance, Side A DIC Liability Insurance, Fiduciary Liability Insurance, and Private and Nonpro t Organization Portfolios.

For more information, contact Rhonda Prussack, Head of Fiduciary and Employment Practices Liability Insurance, at [email protected] or 917-960-2449.

Berkshire Hathaway Specialty Insurance (www.bhspecialty.com) provides commercial property, casualty, healthcare professional liability, executive and professional lines, surety, travel, programs, medical stop loss, and homeowners insurance. Ze actual and nal terms of coverage for all product lines may vary. It underwrites on the paper of Berkshire Hathaway's National Indemnity group of insurance companies, which hold nancial strength ratings of A++ from AM Best and AA+ from Standard & Poor's. Based in Boston, Berkshire Hathaway Specialty Insurance has o ces in Atlanta, Boston, Chicago, Houston, Irvine, Los Angeles, New York, San Francisco, San Ramon, Seattle, Stevens Point, Auckland, Brisbane, Dusseldorf, Hong Kong, Macau, Melbourne, Singapore, Sydney and Toronto. For more information, contact [email protected].