Berkshire Hathaway Specialty Insurance Introduces Professional First Venture Capital Liability Policy in Australia
Berkshire Hathaway Specialty Insurance Introduces Professional First Venture Capital Liability Policy in Australia
Berkshire Hathaway Specialty Insurance (BHSI) today announced that it has introduced its Professional First Venture Capital Liability Insurance Policy in Australia, offering tailored coverage for venture capital managers and funds.
“Australia’s venture capital sector continues to mature, and the risks facing fund managers are evolving along with it,” said Andrew Boosey, Manager, Financial Institutions, Executive & Professional Lines, BHSI Australia. “We are pleased to bring this innovative solution to Australia to support VC managers as they navigate an increasingly complex risk landscape.”
BHSI’s Professional First Venture Capital Liability policy provides broad, customisable protection backed by BHSI’s financial strength and Claims Is Our Product philosophy.
The policy provides coverage for professional services performed by VC firms, as well as protection for directors and officers for claims arising from wrongful acts in the management of a company or fund.
The policy also includes reinstatement of Side A coverage, lifetime run-off cover for retired directors and officers, and comprehensive crime coverage.
Additional coverage highlights include: automatic cover for new funds, mitigation cover, cover for costs of correcting accidental errors in a fund’s net asset value calculation, optional entity investigations cover, and outside director cover for insured persons serving as representatives on the boards of portfolio companies.
BHSI is a leading market for investment managers in Australia. This launch further extends BHSI’s expertise in the sector and its commitment to providing tailored support for venture capital funds. To learn more, contact andrew.boosey@bhspecialty.com.
Berkshire Hathaway Specialty Insurance Company (incorporated in Nebraska, USA) ABN 84 600 643 034, AFS License No. 466713 (www.bhspecialty.com) provides commercial property, casualty, healthcare professional liability, executive and professional lines, transactional liability, surety, marine, travel, programs, accident & health, and multinational insurance. The actual and final terms of coverage for all product lines may vary. Berkshire Hathaway Specialty Insurance Company holds financial strength ratings of A++ from AM Best and AA+ from Standard & Poor’s. Based in Boston, Berkshire Hathaway Specialty Insurance has offices in Atlanta, Boston, Chicago, Columbia, Dallas, Houston, Indianapolis, Irvine, Los Angeles, New York, Plymouth Meeting, San Francisco, San Ramon, Seattle, Stevens Point, Adelaide, Auckland, Barcelona, Brisbane, Brussels, Calgary, Cologne, Dubai, Dublin, Frankfurt, Hamburg, Hong Kong, Kuala Lumpur, London, Lyon, Macau, Madrid, Manchester, Melbourne, Milan, Munich, Paris, Perth, Singapore, Stockholm, Sydney, Toronto, and Zurich.
MEDIA CONTACT
JoAnn Lee / +1 617.936.2937
View source version on businesswire.com: https://www.businesswire.com/news/home/20260907341345/en/
The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.
Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.
Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.
Popular
The Smartest Moves for Bond Investors Today, and What to Do When You Have Too Many Investments
Undervalued by 15%, This Utilities Stock Could Be an Unexpected AI Winner
The Thrilling 37
The 10 Best and 10 Worst Months of All Time for the US Stock Market
United States