Commercial Auto | Truck Insurance
Berkshire Hathaway GUARD Insurance Companies has added its commercial automobile product in Delaware, Kentucky, and the District of Columbia – making the product available in 43 jurisdictions in the US.
The policy is designed for local and intermediate travel exposures up to a 200-mile radius, a release said.
“We continue to expand our commercial lines portfolio nationwide to supply our network of independent agents with quality products that enable them to grow,” said Berkshire Hathaway GUARD CEO Sy Foguel, who added that the product is “an ideal complement” to GUARD’s other lines of business such as workers’ compensation, business owner’s policies, and commercial insurance umbrella.
“GUARD distinguishes ourselves from our competitors with added coverage options that are unique and built with a wide range of add-ons such as our special broad form endorsement featuring a number of enhanced limits and coverages,” stated Berkshire Hathaway GUARD vice-president of commercial auto Mike Haynes.
Those additional features include automatic physical damage coverage for newly acquired vehicles, additional insured when required by contract, and towing coverage for vehicles up to 10,000 pounds.
Berkshire Hathaway GUARD’s commercial auto policy is designed to target markets such as artisan contractors, distributors, retail goods and services, and auto service operations. Specific contracting classes that meet certain automatic underwriting criteria can be instantly written and bound by agents, a release added.
Source: Insurance Business Magazine/Insurance Business America
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