OMAHA, Neb. -- (Business Wire)
Berkshire Hathaway (BRK.A and BRK.B) –
Berkshire Hathaway’s Insurance Group announces the launch of THREE, its
three-page, game-changing, comprehensive insurance product for small
business. Businesses typically need several types of insurance to
protect their interests, but until now they could only get that
protection by buying multiple, unconnected and overly complex policies--each
of which can be over fifty pages in length.
In three straightforward, plain English pages, THREE provides insurance
coverage for workers compensation, multiple liability coverages
(including general liability, errors and omissions, and cyber), property
and auto – all the insurance most any small business could need.
Replacing the usual chores of time-consuming, multiple applications and
coordination, THREE delivers one fully comprehensive (and
comprehensible) small business policy, in a fast, easy one-stop shopping
experience. Efficiency is increased further by providing THREE direct to
small businesses, without the need to go through a broker or third
party. Minimizing the risk of not knowing what is being covered, and
which policy might apply, makes THREE the right policy for risk averse
Berkshire Hathaway Chairman Warren Buffett said, “Insurance is important
protection for any business, but few small businesses have the time to
actually read through the policy forms that are supposed to protect
them. With THREE a small business can be confident in the protection it
is getting, because the whole policy can be read in a few moments. Every
day, America’s small businesses prove that great things come in small
packages. Now they can get insurance on the same basis.”
THREE will be rolled out across the country as quickly as state
regulatory filings and approvals can be obtained, but all are now
welcome to preview THREE at “threeinsure.com”.
Berkshire Hathaway and its subsidiaries engage in diverse business
activities including insurance and reinsurance, utilities and energy,
freight rail transportation, finance, manufacturing, retailing and
services. Common stock of the company is listed on the New York Stock
Exchange, trading symbols BRK.A and BRK.B.
This release contains “forward-looking statements” within the meaning of
the Private Securities Litigation Reform Act of 1995. Forward-looking
statements, which contain words such as “expect,” “believe” or “plan,”
by their nature address matters that are, to different degrees,
uncertain. These uncertainties may cause actual future events to be
materially different than those expressed in our forward-looking
statements, including with respect to the duration of the repurchase
program. We do not undertake to update our forward-looking statements.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190211005143/en/
Marc D. Hamburg
Source: Berkshire Hathaway
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