October 18, 2017 by Canadian Underwriter
Berkshire Hathaway Specialty Insurance (BHSI) said on Wednesday that it has expanded into inland marine product line in Canada with the launch of its motor truck cargo legal liability policy.
The product protects against the legal liability exposure commercial truckers face when carrying third party goods, BHSI explained in a press release. The policy is designed 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 stated.
Key policy highlights include:
“This product provides Canadian trucking companies with an insurance offering that responds to their needs in both Canada and the U.S.,” said Gord Rider, senior underwriter, marine, with BHSI in Canada. “With the industry evolving, and more trucks crossing the Canada-U.S. border annually, we developed a solution that provides modern coverage and is responsive to both Canadian and American exposures.”
BHSI’s new motor truck cargo legal liability policy is the latest addition to its marine & inland marine suite of products in Canada. The portfolio also includes ocean cargo, builder’s risk, and contractor’s equipment products.
On Jan. 10, 2017, BHSI announced that it was introducing inland and ocean marine insurance in Canada. “BHSI in Canada has launched ocean marine products – including ocean cargo, stock throughput and project cargo insurance – as well as a full line of inland marine products,” John Evans, BHSI’s vice president of marine, said in a statement at the time.
Rider – who joined BHSI from Chubb Insurance Company of Company, where he was most recently senior marine underwriter – is at the helm. He is based in BHSI’s Toronto office.
BHSI offers commercial property, casualty, healthcare professional liability, executive and professional lines, surety, travel, programs, medical stop loss and homeowners insurance. In Canada, it underwrites on the paper of National Liability & Fire Insurance Company, a part of Berkshire Hathaway’s National Indemnity group of insurance companies. Based in Boston, BHSI has offices in Atlanta; Asheville, N.C; Boston; Chicago; Houston; Indianapolis; Irvine, Calif.; Los Angeles; New York; San Francisco; San Ramon, Calif.; Seattle; Stevens Point, Wisc.; Auckland, NZ; Brisbane, Aust.; Düsseldorf; Hong Kong; Kuala Lumpur; London; Macau; Melbourne; Singapore; Sydney; and Toronto.