Berkshire Hathaway Specialty Insurance vs THREE by Berkshire Hathaway: How Do They Compare for Fiduciary Liability Insurance?

BHSI lists fiduciary liability as a component of its Executive First Private Company Portfolio comprehensive form with D&O, EPL, Commercial Crime and employed-lawyer insurance. ⁵Company-reported. This is a marketed portfolio component; the source does not say every line is required or that limits are shared.

THREE presents Fiduciary Liability as a component of its combined Business Owners Policy rather than identifying it as a separate standalone policy on the reviewed product page. ⁹Company-reported. Company-described U.S. package structure. The page does not establish underwriting terms or that every listed category will be included for every applicant.

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The linked sample policy's declarations identify Berkshire Hathaway Direct Insurance Company as issuer. ⁸Company-reported. This is the issuer named on the public sample only; the sample does not establish the issuing entity for every state-specific quote or buyer's issued policy.

The portfolio targets private companies with at least $10 million in revenue and names construction, manufacturing, wholesale, retail, service, technology and transportation sectors. ⁵Company-reported. These are portfolio target-account statements, not guaranteed fiduciary eligibility.

BHSI identifies large commercial and financial firms with complex risk-transfer needs as targets for this fiduciary policy. ⁶Company-reported. A target segment does not guarantee eligibility for an applicant or plan.

The reviewed product page does not state separate eligibility rules for Fiduciary Liability; the general quote and advisor route is not proof that a particular business qualifies for it. ^9,7Not publicly disclosed. Eligibility and state availability remain unestablished for an individual risk until THREE returns its quote and applicable forms.

BHSI names fiduciary liability as one component of the Executive First Private Company Portfolio. ⁵Company-reported. The source does not describe the fiduciary insuring agreement, covered plans or insured parties.

BHSI’s Executive First Fiduciary Liability Policy page lists full settlor coverage, Affordable Care Act gap coverage, and coverage for fines and penalties; it says specialized defense counsel is recommended but not required. ⁶Company-reported. These are company-described product highlights. Applicable law, policy wording, conditions and exclusions govern a given plan or claim.

THREE's Business Owners Policy page lists Fiduciary Liability among its marketed coverage categories in the combined policy. This describes the product page, not whether the category appears in a particular quote or responds to a loss. ^9,8Company-reported. Official THREE package marketing for Fiduciary Liability. The sample policy is state-selectable and does not establish that this item is included in every quote or issued policy.

BHSI advertises shared or separate limits up to $50 million for the portfolio. ⁵Company-reported. The source does not give a fiduciary-specific limit or explain allocation among components.

The reviewed public product page does not state a separate limit or deductible for Fiduciary Liability; THREE says the quote-specific insurance summary lists limits and deductibles. ^9,8Not publicly disclosed. No number is inferred from the sample policy. The quote and issued declarations control the buyer-specific limit and deductible.

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THREE directs small-business prospects to an online quote and says licensed Small Business Advisors can help with the process. ⁷Company-reported. This is the route for the overall THREE product. It does not show whether Fiduciary Liability will be offered for a particular business or whether a customer can bind that line without an issued policy.