Berkshire Hathaway Specialty Insurance (BHSI) has finalised proprietary directors and officers (D&O) liability and professional indemnity (PI) policy wordings for customers in the UAE and throughout the Middle East.
“Companies in the Middle East are increasingly concerned about management and professional liability exposures particularly in the challenging business environment created by the COVID-19 pandemic,” said BHSI Middle East head of executive and professional lines Aisling Malone in a statement. “Our new policy forms enable customers and brokers to secure broad coverage that is backed by excellent financial strength and the deep claims expertise of BHSI.”
The specialty insurer said its D&O liability insurance is a clear and simply worded form built expressly for the complex and evolving risks facing directors, officers and their companies. It can also be easily customised to include features that customers want in their D&O policy for specific business needs and exposures.
Similarly, its PI insurance form is clearly worded and is designed to provide broad civil liability coverage which can be tailored to suit individual needs.
Both D&O liability and PI coverage are available to customers on a direct insurance basis in the Dubai International Financial Centre or on a reinsurance basis elsewhere in the Middle East. Coverage can be provided to both publicly listed and private companies, traditional professions as well as miscellaneous professions and financial institutions.