Berkshire Hathaway Specialty Insurance vs 
Lockton: How Do They Compare for Representations and Warranties Insurance?
What Is Berkshire Hathaway Specialty Insurance?
BHSI provides commercial and specialty insurance in the U.S., with product-specific industry lists that include healthcare, energy and technology. Online quote and application submissions are nonbinding. 1,2,3,4
Read the Berkshire Hathaway Specialty Insurance profile
Read the Berkshire Hathaway Specialty Insurance Representations and Warranties Insurance page
What Is Lockton?
Lockton suits technology companies and larger businesses seeking a broker across cyber, D&O, property, liability and benefits; small firms wanting an instant standard quote should compare digital agencies. 7,8,9
Read the Lockton Representations and Warranties Insurance page
What Is Representations and Warranties Insurance?
Representations and warranties insurance can cover a buyer’s or seller’s loss from inaccurate statements in a stock or asset purchase agreement. For a business sale, check who is insured, who can recover and how known issues are treated. 11,12,13
What Are the Key Differences Between Berkshire Hathaway Specialty Insurance and Lockton Representations and Warranties Insurance?
Capacity and deal-team roles
Berkshire Hathaway Specialty Insurance’s 2025 overview states up to $25 million in Transactional Liability portfolio capacity, with premiums and retentions varying by transaction size and risk. Lockton’s reviewed R&W claims describe placement staffing but do not state a comparable capacity figure. BHSI’s ceiling is portfolio-level rather than a commitment for your deal, so ask both markets for the limit they will offer before comparing capacity. Lockton’s former M&A lawyers and Partner/Associate model describe service structure, not an available limit. 6 10
Support after binding
Lockton says it provides dedicated transaction-liability claims experts after a policy is bound and reports hundreds of millions of dollars in settled R&W claims. BHSI’s overview describes an in-house claims group for its transactional-liability portfolio, but the reviewed source does not assign that group to R&W claims. Ask both providers who handles an R&W claim after binding; Lockton’s aggregate result is company-reported, not a promised outcome. 10 6
What Should You Confirm in Berkshire Hathaway Specialty Insurance and Lockton Representations and Warranties Insurance Quotes?
Berkshire Hathaway Specialty Insurance and Lockton Review Scores
These averages can combine ratings for different products, locations, and customer groups, including approximate BBB grade conversions. Read each review for the sources, scope, and calculation.
Berkshire Hathaway Specialty Insurance Review Score
Review Score
No reviews found
The public ratings for Berkshire Hathaway Specialty Insurance are low but thin: Trustpilot shows 2.1 out of 5 from 9 reviews and BBB shows 1 out of 5 from 6. Both mix travel and commercial customers, so we don't count them in a score.[5][7]
Read Berkshire Hathaway Specialty Insurance reviewsLockton Review Score
Review Score
3 rated sources
Lockton’s reviews vary by office and entity. Local Google-derived ratings provide some service feedback, but no reliable firmwide verdict.[2][6][7][8]
Read Lockton reviewsBerkshire Hathaway Specialty Insurance vs Lockton Representations and Warranties Compared
Berkshire Hathaway Specialty Insurance vs Lockton: Representations and Warranties Insurance: documented features by provider
| Criteria | Transactional Liability Representations & Warranties Insurance | Lockton Representations & Warranties Insurance (RWI) |
|---|---|---|
| Role in This Line | Confirm in your quote. | Lockton's RWI Practice is staffed with former M&A lawyers and transaction advisors who Lockton says use a Partner/Associate model on every deal to provide 24/7 coverage; Lockton places RWI policies rather than underwriting them. 10Company-reported. RWI product page as read 2026-09-23. |
| Issuing Insurer | Confirm in your quote. | The RWI page does not name the insurers underwriting the representations and warranties policies Lockton places. 10Not publicly disclosed. RWI page checked 2026-09-23. |
| Who It’s For | The current page lists manufacturing, financial institutions, technology, real estate, energy, healthcare and retail as transactional-liability target sectors. 5Company-reported. Portfolio target sectors, not R&W-only acceptability criteria. | Lockton frames RWI benefits separately for sellers (faster access to sale proceeds, reduced post-closing exposure, avoiding a guarantee) and buyers (broader protection, faster negotiation, avoiding conflicts in deals with meaningful seller participation), meaning both sides of an M&A transaction are the intended buyers of the product. 10Company-reported. RWI product page as read 2026-09-23. |
| Coverage Features | BHSI’s current U.S. Transactional Liability page and linked overview name Representations and Warranties Insurance as a product. 5,6Company-reported. Direct U.S. product listing; final coverage depends on transaction-specific contract terms. The U.S. overview describes R&W insurance as adding protection beyond negotiated caps and survival periods and as potentially reducing seller escrow. 6Company-reported. Company-reported transactional use cases; not a promise of clean exit, outcome or standardized policy response. | Lockton describes RWI as a policy used to replace or bolster a seller indemnity or escrow in an M&A transaction, under which an insurer indemnifies the buyer for losses from an unknown breach of a representation or warranty in the deal agreement. 10Company-reported. RWI product page as read 2026-09-23. General description of how the product functions, not a specimen policy. |
| Limits and Retentions | The 2025 U.S. Transactional Liability overview states portfolio capacity up to $25 million and says premiums/retentions vary with transaction size and risks. 6Company-reported. Portfolio-wide underwriting capacity, not a guaranteed R&W limit or quote; document dated 2025-05-16-A. | Confirm in your quote. |
| Claims Support | Confirm in your quote. | Lockton says it provides dedicated transaction liability claims experts after a policy is bound, and cites having helped clients settle hundreds of millions of dollars of RWI claims to date. 10Company-reported. RWI product page as read 2026-09-23. Aggregate claims-settlement figure is company-reported and not independently verified. |
Related Pages for Berkshire Hathaway Specialty Insurance vs Lockton
Representations and Warranties Pages for Berkshire Hathaway Specialty Insurance and Lockton
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Sources for Berkshire Hathaway Specialty Insurance vs Lockton
Sources About Berkshire Hathaway Specialty Insurance
- At A Glance. Berkshire Hathaway Specialty Insurance; United States section, zero-based PDF pages 49–53 (viewer pages 50–54): product/industry lists on pages 49–50; U.S. disclosure/version footer on page 53 is 2026-8-03 A. The 2026-09-14 A footer is on preceding European page 48, not the U.S. section. Accessed 2026-09-29.
- About Us. Berkshire Hathaway Specialty Insurance; About BHSI; company profile page re-opened through official site on 2026-09-28; company says it is part of National Indemnity group. Accessed 2026-09-28.
- Terms of Service. Berkshire Hathaway Specialty Insurance; Important Information Concerning Use of this Web Site, paragraphs 2–4; nonbinding submissions, contracted-agent authority, state variation, product availability and policy-specific terms. Accessed 2026-09-28.
- Public Disclosure — Berkshire Hathaway Specialty Insurance Singapore Branch. Berkshire Hathaway Specialty Insurance; Singapore branch public disclosure, Company Profile ¶¶ 1–2; direct page opened 2026-09-28. ¶ 1 identifies BHSIC as a Nebraska-domiciled direct P&C insurer; ¶ 2 states BHSIC is wholly owned by National Indemnity Company, itself wholly owned by Berkshire Hathaway Incorporated. Accessed 2026-09-28.
- Transactional Liability. Berkshire Hathaway Specialty Insurance; Product Highlights list R&W, tax, contingent-liability and class-action-settlement insurance; Top Targets list manufacturing, financial institutions, technology, real estate, energy, healthcare and retail, lines 6–27. The target list is for the transactional-liability portfolio, not exclusive R&W eligibility. Accessed 2026-09-28.
- Transactional Liability Overview. Berkshire Hathaway Specialty Insurance; PDF pp.1–2: R&W, tax, contingent-liability, and class-action-settlement products; portfolio-wide primary/excess and up-to-$25m capacity; premiums/retentions vary by transaction/risk; portfolio appetite and in-house claims group; R&W buyer-use descriptions; dated 2025-05-16-A. Product-specific limits and final terms not stated. Source version: 2025-05-16-A. Accessed 2026-09-28.
Sources About Lockton
- Lockton United States. Lockton; Opening description of independent insurance brokerage for risk, benefits and retirement; Ask an Expert link to contact-us. Accessed 2026-09-16.
- Technology. Lockton; Industry introduction; cyber liability heading; dedicated technology team; listed services including claims advocacy, contract review, directors and officers liability, and international program design; 24/7 service model. Accessed 2026-09-16.
- US Terms of Business. Lockton; Opening entity definition; Surplus Lines; Use of a Particular Insurer; Compensation Disclosure; servicing, claims handling and renewal language in Confidentiality section; Intermediaries. Accessed 2026-09-16.
- Representations & Warranties Insurance | Lockton USA. Lockton; The Certain Solution for Transactional Risk; Why clients consider RWI versus traditional indemnity; Seller/Buyer benefits; Claims. Accessed 2026-09-23.
Sources for the Representations and Warranties Insurance Guide
- Transaction liability insurance | Representation and indemnities insurance. CFC; What are representations and warranties?; Who should buy representation and warranty insurance?; Available to buyers & sellers; Limited seller security; Is transaction liability insurance available to sellers. Accessed 2026-09-16.
- Mergers & Acquisitions. Beazley; Product overview: buyer and seller protection for inaccuracies in representations or warranties. Accessed 2026-09-16.
- Transactional Risk Insurance. Coverdash; Transactional risk insurance; representations and warranties coverage; buy-side policies; tax and contingent liability products. Accessed 2026-09-16.
