Berkshire Hathaway Specialty Insurance (BHSI) today announced the introduction of Professional FirstTM Architects & Engineers (A&E) Professional Liability Insurance in the U.S."Our new Professional FirstTM A&E Professional Liability policy responds to a variety of exposures facing the design community, including cyber and LEED certification exposures, and it rewards our customers for strong risk management practices," said Joe Schrancz, Vice President, Head of A&E Professional Liability, BHSI. "Along with contemporary worldwide coverage, design professionals gain the peace of mind that comes with our experienced A&E claims team that is committed to optimizing coverage for our customers."
The new policy's cyber coverage addresses media, technology and network security and privacy liability exposures, including the design professional's own costs to respond to a data breach or network extortion threat. BHSI customers also have access to a network of experts to assist them in responding to a data breach or extortion threat, and can take advantage of risk management services, including contract reviews, newsletters and best practices webinars.
"Our industry experience and proactive approach to pre-claims, claims, risk management and loss prevention allow us to foster collaborative relationships with our policyholders and drive positive claim outcomes," said Kevin McGrath, Vice President of A&E Claims, BHSI.
Limits up to $25 million are available, backed by BHSI's financial strength. Coverage can be underwritten on an admitted or non-admitted basis.
A&E Professional Liability Insurance is part of BHSI's Professional FirstTM suite of products, which also includes Asset Management Liability Insurance, Insurance Company Professional Liability Insurance, Network Security & Privacy Liability Insurance, Bankers Professional Liability Insurance, and Miscellaneous Professional Liability Insurance. All of the products in the Professional First suite are designed to provide clear, current coverage, customized for professional services firms and financial institutions.
For more information, contact Joe.Schrancz@bhspecialty.com or 917.830.2322.