Berkshire Hathaway Specialty Insurance (“BHSI”) has introduced its commercial output policy (“COP”), combining the company's new admitted property insurance policy with its inland marine coverages.
“We are pleased to bring to market a single solution for inland marine and property exposures, backed by BHSI's financial strength and responsive service,” said Steve Silverman, the vice president of inland marine at BHSI. “With our new admitted property capabilities, we have made it easier for our inland marine customers to address their property exposures in a single policy”
BHSI's COP uses American Association of Insurance Services (“AAIS”) wording and responds to property risks in conjunction with their motor truck cargo, warehouse legal liability, contractor's equipment, installation, and builder's risk exposures.
“Customers can now combine BHSI's full line of inland marine coverages with our property protection and expertise,” said John Evans, the head of U.S. marine at BHSI. “This latest addition to our product line strengthens our position in the inland marine marketplace, bringing added value to our expanding customer base.”
Victoria Spears
Victoria Prussen Spears is senior vice president of Meyerowitz Communications Inc., a law firm marketing communications consulting company. A graduate of Sarah Lawrence College and Brooklyn Law School, Ms. Spears was an attorney at a leading New York City law firm before joining Meyerowitz Communications. She may be contacted at [email protected].