Berkshire Hathaway Specialty Insurance (BHSI) has introduced a new Executive First Side A DIC Directors & Officers Liability Policy.
According to BHSI, the new policy offers expansive protection for individual directors and officers in a clean and concise form.
BHSI executive and professional lines senior vice-president Dan Fortin said: "The Executive First™ Side A DIC D&O Liability Policy stands out for both its breadth and its brevity. In just eight concise pages, it delivers everything directors and officers want in their last line of defense in a D&O claim: far-reaching protection, supported by BHSI’s experienced claims team and financial strength."
The Side A DIC Liability insurance is in line with primary D&O liability insurance, with coverage expressly for individual directors and officers in D&O claims, where their company cannot indemnify them and the underlying D&O insurance does not respond either because limits are exhausted or the claim arises from a difference in conditions (DIC) event.
The new policy is part of BHSI’s Executive First suite of executive liability insurance products, which are designed to offer coverage for commercial and financial firms.
BHSI offers commercial property, casualty, healthcare professional liability, executive and professional lines, surety, travel, programs and homeowners insurance for customers domestically and internationally.