Boston-based Berkshire Hathaway Specialty Insurance (BHSI) has announced the availability of a single excess policy that sits atop multiple first- and third-party insurance policies for contractors in the United States and Canada.
The new policy provides excess follow form protection above multiple underlying coverages, including general liability, environmental liability, employer’s liability and professional liability, notes a BHSI statement announcing the release of its new Excess Integrated Follow Form.
The form allows for scheduling and following multiple lines of underlying coverage rather than having separate insurance towers for different carriers. Designed for larger contractors with complex exposures, the excess coverage comes with a single limit.
“With multi-line excess coverage from BHSI, contractors gain consistency in limits and tower attachment points and can reduce gaps in coverage,” Bill Sullivan, BHSI’s North American head of casualty construction, suggests in the company statement.
“They also benefit from streamlined claims services when they have a loss and reduced frictional claims expenses,” Sullivan continues.
BHSI – which has offices in two dozen cities, including Toronto – offers commercial property, casualty, healthcare professional liability, executive and professional lines, surety, travel, programs, medical stop loss and homeowners insurance.
The availability of the new Excess Integrated Follow Form follows BHSI’s announcement in mid-October that it has expanded into the inland marine product line in Canada with the launch of a motor truck cargo legal liability policy.
Meant to protect against the legal liability exposure commercial truckers face when carrying third-party goods, the policy is for mid-sized Canadian-based motor carriers specializing in transporting commodities primarily in Canada or cross-border with the United States. Truckers and cargo are covered anywhere within Canada and the continental U.S., BHSI reported at the time.