Berkshire Hathaway GUARD Insurance Companies has expanded the range of its offerings in Pennsylvania, with the addition of a commercial package product.
The new package will include the following:
- Commercial property coverage with limits up to $120 million per location, with an enhanced cause of loss form that has built-in equipment breakdown and inland marine coverages, as well as crime coverage
- General liability with base limits of $1 million to $6 million, with even higher limits considered
- Employment-related practices liability (EPL) insurance
- Commercial umbrella
“Our goal is to become a ‘One Stop Shop’ for our agents and their insureds,” said Berkshire Hathaway GUARD CEO Sy Foguel. “We continue to expand our portfolio to supply our network of independent agents with quality products that enable them to grow.”
Foguel added that while the commercial package is only being offered in Pennsylvania, there are plans to launch the product in more states.
Berkshire Hathaway GUARD executive vice-president Lyle Hitt explained that the package is designed to complement the company’s current businessowners’ policy by “addressing the insurance needs of larger, more complex operations or businesses with multiple exposures.”
Hitt noted that the commercial package product primarily targets “light-to-medium manufacturing, wholesalers and distributors, truck stops/travel plazas, resorts, and country clubs with plans to expand into additional markets.”