News | November 21, 2017

Berkshire Hathaway Specialty Insurance Rounds Out Marine Capabilities In Australia With New Contractors Plant & Equipment Policy

BOSTON--(BUSINESS WIRE)--

Berkshire Hathaway Specialty Insurance Company (BHSI) today announced that it has introduced a new Contractors Plant & Equipment (CP&E) Policy for customers in Australia.

“We are pleased to bring to market a considered solution for Contractors Plant & Equipment, backed by BHSI’s financial strength and responsive service,” said Dimitry Zilberud, Head of Marine, BHSI Australasia. “With this new policy, contractors can easily and efficiently address their property damage and liability exposures, including road risk, in a single policy. This new product is an excellent complement to our existing capabilities in Property, Construction, Mining and Casualty.”

BHSI’s CP&E policy wording combines the breadth of coverage required in today’s marketplace with the flexibility to respond to the specific needs of customers across a multitude of industries. Our new single package policy includes numerous coverages including;

  • Material damage (with a range of automatic benefits)
  • Hired in plant
  • Financial protection for plant and interruption
  • Road risk
  • General liability
  • Replacement value for plant (up to 36 months old) after total loss

Strong property and liability cover offers far-reaching coverage for a wide range of sectors, including earthmoving and excavation contractors, road works, builders/construction, plant hire companies, farming and agriculture.

In addition, this newest product brings with it BHSI’s claims service, local and direct to broker underwriting expertise allied with BHSI’s strong risk engineering capabilities.

BHSI will conduct this business directly with brokers. For more information, contact Niall O’Connell at Niall.OConnell@bhspecialty.com or Dimitry Zilberud at Dimitry.Zilberud@bhspecialty.com.

Berkshire Hathaway Specialty Insurance Company ABN 84 600 643 034, AFS Licence No. 466713 ( www.bhspecialty.com ) provides commercial property, casualty, healthcare, and executive and professional lines, and marine insurance. Berkshire Hathaway Specialty Insurance Company holds financial strength ratings of A++ from AM Best and AA+ from Standard & Poor’s. Based in Boston, Berkshire Hathaway Specialty Insurance has offices in Atlanta, Asheville, Boston, Chicago, Houston, Indianapolis, Irvine, Los Angeles, New York, San Francisco, San Ramon, Seattle, Stevens Point, Auckland, Brisbane, Düsseldorf, Hong Kong, Kuala Lumpur, London, Macau, Melbourne, Singapore, Sydney and Toronto. For more information, contact info@bhspecialty.com .


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