Send the policies and bonds
Share each policy or bond, its declarations page and the name of the contracted agent who bound it. Your Spot team notes which company issued each and in which state.
Maple Street Co.Organized by Spot
Switch from Berkshire Hathaway Specialty Insurance
Switching from Berkshire Hathaway Specialty Insurance? Compare your options with Spot
Spot reads the Berkshire Hathaway Specialty policies and bonds your agent bound and takes the same exposures to brokers for proposals.
- Executive, professional and casualty forms read for your exposure
- Bonds compared with bonds, policies with policies
- Your current policy runs until the new one binds
How it works
We read the forms, not the brand
Your Spot team goes through limits, retentions, endorsements and exclusions on the issued wording. For a bond, it records the principal, the obligee and the bond form.
General liability insurance
Maple Street Co. · Policy review
- Policy wording
- Coverage limits
- Compare with
- Contract requirements
Confirm with your broker
Limits, exclusions, and endorsements
Brokers take your exposure to market
Spot prepares the submission once, then works with brokers to approach insurers that write executive lines, professional liability, umbrella or surety for a business like yours. Questions land in your shared Slack channel.
# spot-support
AlexMaple Street Co.
Can we explore other brokers for our general liability insurance?
RileySpot
Let’s review the information and discuss the next steps with your broker.
Pick one and bind it
Proposals come back for comparison on wording and retentions as well as premium. Your Spot team helps you bind the one you pick, and nothing is cancelled until the replacement is bound.
Insurance documents
Broker reviewGeneral liability insurance
Coverage limits · Policy terms
Maple Street Co.
Moving from Berkshire Hathaway Specialty Insurance
Berkshire Hathaway Specialty Insurance provides US commercial and specialty insurance for industries including healthcare, energy and technology. Its online quote requests are nonbinding. Within its US executive lines, its commercial firms entry names publicly traded and large privately owned firms.
Why businesses consider switching
- 01
Your revenue or headcount crossed a line
A private company that grows may outgrow the program it started with, or fall into a different underwriting class.
- 02
A deal or contract adds requirements
A financing round, acquisition or large customer can bring new limits, wording or bond requirements.
- 03
A renewal arrived with different terms
New retentions or exclusions at renewal are a sound reason to see how other insurers would write the same risk.
- 04
You want a team on the program
Executive, casualty and surety lines each have their own dates and paperwork. Some companies want help keeping them in order.
How to switch without a gap
- 01
Ask your agent for the renewal terms
Only contracted agents of the National Indemnity group can bind or change this coverage, so yours holds the dates and notice rules.
- 02
Line up proposals before the term ends
Specialty submissions take care to prepare, so start while the current policy has months left.
- 03
Get binding confirmation in writing
Ask the authorized agent or broker on the new policy to confirm the effective date. An online quote request on its own is not coverage.
- 04
Then ask your agent to end the old policy
Send the request in writing and keep a copy, along with any statement of return premium.
Coverage to consider
General liability
Buy general liability with Spot: we prepare your submission, compare broker proposals on limits and terms, and get certificates and endorsements ready.
Get quotesCommercial property
Commercial property insurance with Spot: every location prepared for the market and proposals compared on valuation, coinsurance, deductibles and exclusions.
Get quotesCyber liability
Buy cyber insurance with Spot: we describe your systems and controls for insurers, compare response and liability limits, and check customer cyber clauses.
Get quotesDirectors and officers
Buy D&O insurance with Spot: a prepared submission, broker proposals compared on insureds, defense costs and exclusions, and your policy kept on file.
Get quotesProfessional errors and omissions (E&O)
Buy professional liability (E&O) with Spot: a prepared submission, proposals compared on scheduled services, claims-made terms and defense, and certificates handled.
Get quotesUmbrella and excess liability
Umbrella and excess liability with Spot: contract limits checked, the underlying schedule confirmed and attachment terms compared before you bind.
Get quotesSurety bonds
Get surety bonds with Spot: the obligee’s requirement matched to the right bond type, your financials prepared for the surety, and proposals compared.
Get quotesTools, equipment and inland marine
Buy inland marine with Spot: your equipment inventory prepared, proposals compared on scheduling, valuation and territory, and policy documents kept together.
Get quotes
Common questions
An online quote request wasn’t binding. How is Spot different?
Spot doesn’t bind coverage by itself either. Your Spot team prepares the submission, works with brokers to bring proposals and helps you bind the one you choose.
Can Spot compare specialty lines like surety?
Yes. Surety bonds guarantee performance and aren’t the same as insurance, so we compare bonds with bonds and policies with policies.
Does Berkshire Hathaway Specialty have any tie to Spot?
No tie. Spot is independent and unaffiliated, and uses the company’s name only to say which policies you’re moving away from.
Does my agent need to know before I get quotes?
Not necessarily. Many owners look at options first and speak to their agent once they’ve seen proposals. Whenever you do raise it, the agent is who handles the cancellation.
Do I pay Spot a commission?
No. Spot takes no commissions on premiums, and it works alongside the agents and brokers you already use.
Related
Get insurance off your to-do list.
Spot reads the Berkshire Hathaway Specialty policies and bonds your agent bound and takes the same exposures to brokers for proposals.
Get StartedLearn more before you switch providers
Read these before you choose a policy or an insurer.
More guides
- General liability: A Buyer’s Guide
- Commercial property: A Buyer’s Guide
- Cyber liability: A Buyer’s Guide
- Directors and officers: A Buyer’s Guide
- Professional errors and omissions (E&O): A Buyer’s Guide
- Umbrella and excess liability: A Buyer’s Guide
- Surety bonds: A Buyer’s Guide
- Tools, equipment and inland marine: A Buyer’s Guide