Berkshire Hathaway Specialty Insurance (BHSI) has launched new Professional First miscellaneous professional liability (MPL) insurance product in Canada.
The new MPL policy offers claims-made coverage for professionals and professional services firms, which are having allegations of negligent acts, errors or omissions, misstatements, misleading statements, neglect, breach of duty and unintentional breach of contract.
BHSI Canada executive and professional lines vice-president Michael Densham said: "Our new Professional First MPL form provides coverage that maximizes protection and results in peace of mind for Canadian professionals.
"With our coverage and our experienced professional liability team, policyholders are assured of expert, responsive service to help them avoid claims and successfully navigate those that arise."
The MPL policy provides various supplemental payment coverages with no retention, including coverage for pre-claim assistance, reimbursement of loss of earnings and reimbursement of expenses for policyholder attendance at litigation and disciplinary proceedings.
In May 2015, BHSI launched crime protection policy and the executive impersonation coverage endorsement for large public and private companies in Canada.
BHSI offers commercial property, casualty, healthcare professional liability, executive and professional lines, surety, travel, programs, and homeowners insurance services to its customers.