(BRK.A), (BRK.B)
Berkshire Hathaway Specialty Insurance (BHSI) has launched its Professional First Venture Capital Liability Insurance Policy in Australia, providing tailored protection for venture capital managers and funds as the country’s VC sector continues to evolve.
The policy offers broad, customisable coverage for professional services provided by venture capital firms, along with directors and officers (D&O) protection for claims arising from wrongful acts in the management of companies or funds.
Coverage highlights include reinstatement of Side A protection, lifetime run-off cover for retired directors and officers, and comprehensive crime coverage. The policy also provides automatic coverage for new funds, mitigation cover, protection for costs associated with correcting accidental errors in net asset value calculations, optional entity investigations coverage, and outside director cover for insured individuals serving on the boards of portfolio companies.
Andrew Boosey, Manager, Financial Institutions, Executive & Professional Lines, BHSI Australia, said the launch reflects the growing maturity of Australia’s venture capital market and the increasingly complex risks facing fund managers.
The new offering further strengthens BHSI’s position in Australia’s investment management sector and reinforces its commitment to delivering tailored insurance solutions for venture capital funds.
©2026 David Mazor
Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.