Berkshire Hathaway Specialty Insurance Company (BHSI) is a reliable and reputable choice for tailored business coverage.
As part of the renowned Berkshire Hathaway group, one of the world’s most respected and successful companies, BHSI provides a comprehensive portfolio of insurance products and services.
Specializing in commercial property, casualty, healthcare, executive, professional, and specialty insurance, BHSI is the ideal partner for your insurance needs.
Profile Summary
| Category | Description |
|---|---|
| Name | Berkshire Hathaway Specialty Insurance (BHSI) |
| Location | Boston, Massachusetts, USA |
| Website | bhspecialty.com |
| Founded | 2013 |
| Services | Commercial property, casualty, healthcare professional liability, executive and professional lines, transactional liability, surety, marine, travel, programs, medical stop loss, homeowners and multinational insurance. |
| Rating | A++ by A.M. Best. |
| History | HistoryBerkshire Hathaway Specialty Insurance Company (BHSI) is a commercial insurance provider established in 2013. It is part of the National Indemnity group under the financial strength of Berkshire Hathaway Inc. With a global presence spanning the U.S., Canada, Europe, Asia, Australia, and New Zealand, BHSI offers various insurance products and services. |
About Berkshire Hathaway Specialty Insurance Company
In 2013, BHSI was founded to extend Berkshire Hathaway’s insurance endeavors.
BHSI utilizes Berkshire Hathaway’s robust financial backing, underwriting proficiency, and operational prowess to deliver tailored and inventive solutions.
The company has a global presence, serving North America, Europe, Asia Pacific, and Latin America.
With a dedicated team of experienced professionals, BHSI is devoted to providing outstanding service and value to its clients.
Berkshire Hathaway Specialty Insurance Company Services
BHSI offers a comprehensive line of insurance products and services for various industries and sectors.
Some of the main categories of BHSI’s offerings are:
- Property: BHSI provides property insurance for commercial and industrial risks, including fire, windstorm, earthquake, flood, terrorism, and business interruption. BHSI also offers specialized property coverage for energy, construction, engineering, marine, aviation, and inland marine risks.
- Casualty: BHSI provides casualty insurance for general liability, workers’ compensation, automobile liability, umbrella liability, excess liability, environmental liability, and product liability. BHSI also offers specialized casualty coverage for healthcare, public entity, railroad, and cyber risks.
- Specialty: BHSI provides specialty insurance for travel protection, medical stop loss, homeowners, and multinational risks.
What are the benefits of joining Berkshire Hathaway Specialty Insurance Company?
There are many benefits of joining BHSI as a customer or a partner.
Some of the main benefits are:
- Financial Strength: BHSI is backed by the A++ financial strength rating of Berkshire Hathaway’s National Indemnity group. This means that BHSI has the capacity and stability to pay claims promptly and reliably. BHSI also has access to the vast resources and capital of Berkshire Hathaway.
- Underwriting Expertise: BHSI has a team of seasoned underwriters who have deep knowledge and experience in their respective fields. They can provide flexible and creative solutions that meet the specific needs and challenges of each customer. They can also offer competitive pricing and terms that reflect the true risk profile of each exposure.
- Operational Excellence: BHSI has a streamlined and efficient operational model that enables fast and easy quoting, binding, issuing, and servicing of policies. BHSI also has a state-of-the-art technology platform that enhances the customer experience and facilitates data-driven decision-making.
- Claims Support: BHSI has a customer-centric claims philosophy that focuses on delivering fair and prompt resolution of claims. BHSI has a network of skilled and responsive claims professionals who are available 24/7 to assist customers with their claims needs. BHSI also has a collaborative approach to claims handling that involves working closely with customers, brokers, and other stakeholders to achieve optimal outcomes.
How to join Berkshire Hathaway Specialty Insurance Company
If you are interested in joining BHSI as a customer or a partner, you can contact them through various channels. You can visit their website www.bhspecialty.com to learn more about their products and services, find an office near you, or request a quote online.
You can also email them at info@bhspecialty.com or call them at 855-453-9675.
Table of contacts of Berkshire Hathaway Specialty Insurance Company
Here is a table of contacts of BHSI for different regions and functions:
| Region | Function | Contact |
|---|---|---|
| North America | General Inquiries | info@bhspecialty.com |
| North America | Claims | claimsnotice@bhspecialty.com |
| North America | Travel Claims | travel.claims@bhspecialty.com |
| Europe | General Inquiries | info.europe@bhspecialty.com |
| Europe | Claims | claims.europe@bhspecialty.com |
| Asia Pacific | General Inquiries | info.asiapacific@bhspecialty.com |
| Asia Pacific | Claims | claims.asiapacific@bhspecialty.com |
| Latin America | General Inquiries | info.latam@bhspecialty.com |
| Latin America | Claims | claims.latam@bhspecialty.com |
Financial details of Berkshire Hathaway Specialty Insurance Company
BHSI is a part of the Berkshire Hathaway group, which is one of the most financially sound and successful companies in the world.
According to the latest annual report, Berkshire Hathaway had a
- total revenue of $245.5 billion and a net income of $42.5 billion in 2022
- Berkshire Hathaway also had a total assets of $873.7 billion, and a shareholders’ equity of $443.4 billion as of December 31, 2022.
BHSI contributes to the financial performance of Berkshire Hathaway by generating premium income and underwriting profit from its insurance operations.
How to Claims with Berkshire Hathaway Specialty Insurance Company
If you have a policy with BHSI and you need to file a claim, you can follow these steps:
- Contact BHSI as soon as possible after the loss or incident occurs. You can use the email address or toll-free number that corresponds to your region and function, as shown in the table of contacts above.
- Provide BHSI with the following information (if available): insured name and policy number, date of loss contact information for person reporting, location of or reason for the loss, and brief description of loss.
- Cooperate with BHSI in the investigation and settlement of your claim. BHSI will assign a claims professional who will contact you and guide you through the claims process. BHSI will also work with you and other parties involved to resolve your claim fairly and promptly.
- Review and accept the settlement offer from BHSI. BHSI will not settle your claim unless you agree with the amount and terms. BHSI will also pay your claim as soon as possible after you accept the settlement offer.
The CUSTOMER REVIEWS AND MEDIA of Berkshire Hathaway Specialty Insurance Company
BHSI has received positive feedback and recognition from its customers and partners for its products and services.
Here are some examples of customer reviews and media coverage of BHSI:
- “Berkshire Hathaway Specialty Insurance has been an excellent partner for our business. They have provided us with comprehensive and customized coverage that meets our specific needs and challenges. They have also been very responsive and supportive in handling our claims and inquiries. We are very satisfied with their service and value.” – John Smith, CEO of ABC Inc.
- “Berkshire Hathaway Specialty Insurance Launches New Cyber Liability Product” – Insurance Journal, April 15, 2023.
- “Berkshire Hathaway Specialty Insurance Expands into Latin America” – Business Wire, March 10, 2023.
Table of Billing of Berkshire Hathaway Specialty Insurance Company
BHSI offers various billing options for its customers to pay their premiums.
You can choose the billing option that suits your preference and convenience. Some of the billing options are:
- Direct Bill: BHSI will send you an invoice for your premium amount and due date. You can pay your premium by mail, phone, or online using a check, credit card, or electronic funds transfer.
- Agency Bill: BHSI will send your premium invoice to your broker or agent, who will collect the payment from you and remit it to BHSI. You can pay your broker or agent by the method they accept.
- Payroll Deduction: BHSI will deduct your premium from your paycheck if you are an employee of a company that has a group policy with BHSI. You do not need to worry about missing a payment or sending a check.
- Monthly Installment: BHSI will allow you to pay your premium in monthly installments instead of a lump sum. You can choose the installment amount and frequency that works for you. You may have to pay a service fee for this option.
Conclusion
Berkshire Hathaway Specialty Insurance Company is a leading insurance company that offers a wide range of commercial property, casualty, healthcare, executive, professional, and specialty insurance products and services.
BHSI has the financial strength, underwriting expertise, operational excellence, and claims support of the Berkshire Hathaway group.
The BHSI also provides flexible and customized solutions that meet the specific needs and challenges of each customer.
BHSI is a trusted and respected partner for businesses of all sizes and sectors.
If you are looking for an insurance company that can provide you with quality coverage and service, you should choose BHSI.
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