Berkshire Hathaway Specialty Insurance Adds to Marine Capabilities Coverage in Australia

(BRK.A), (BRK.B)

Berkshire Hathaway Specialty Insurance Company (BHSI) 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.

© 2017 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.