berkshire hathaway insurance reviews

Berkshire Hathaway GUARD Insurance Companies are licensed in all 50 states, but products vary by state. Depending on the state, you may be able to purchase the following types of coverage from the carrier.

Commercial Insurance

  • Businessowners policies
  • Commercial auto insurance
  • Commercial package policies
  • Commercial property insurance
  • Commercial umbrella insurance
  • Disability insurance
  • General liability insurance
  • Professional liability insurance
  • Workers’ compensation insurance

Personal Insurance

  • Homeowners insurance
  • Personal umbrella insurance

This is not an exhaustive list of policies offered by Berkshire Hathaway GUARD Insurance Companies. You can learn more about the offerings in your area by contacting a local independent insurance agent.

Using our insurance company directory can help you find the best insurance companies that specialize in your specific coverage needs. The company directory can also help you get connected to an agent near you.

Berkshire Hathaway pros: Berkshire Hathaway GUARD Insurance Companies are owned by Berkshire Hathaway, Inc. and are rated A+ (Superior) by AM Best. The company and its subsidiaries offer flexible policy terms and convenient payment options. The company’s insurance products are marketed by a carefully selected network of independent agents and brokers from all over the US.

Berkshire Hathaway cons: Berkshire Hathaway GUARD has a B- rating from the BBB and receives numerous negative customer reviews online.

About Berkshire Hathaway 

Berkshire Hathaway Inc. is a multinational conglomerate protecting company, run via the “Oracle of Omaha,” Warren Buffett.

The Omaha-domiciled preserving corporation owns greater than 60 subsidiaries, such as main insurer GEICO, battery maker Duracell and meals massive Kraft Heinz. Insurance subsidiaries make up a good sized phase of the Buffett empire.

A brief history of Berkshire Hathaway

Berkshire Hathaway’s roots hint again to 1839, when Oliver Chace hooked up a profitable fabric manufacturing corporation known as the Valley Falls Company in Valley Falls, Rhode Island. In 1929, the Valley Falls Company merged with the Berkshire Cotton Manufacturing Company in Adams, Massachusetts. After the merger, they grew to be recognised as Berkshire Fine Spinning Associates.

In 1955, Berkshire Fine Spinning Associates merged with the Hathaway Manufacturing Company, and the identify of Berkshire Hathaway was once born. Warren Buffett started out shopping for inventory in the material organization in 1962, and by means of 1964 he grew to become a majority owner.

However, the Berkshire Hathaway fabric enterprise was once slowly failing, so Buffett determined to department out in 1967 and project into the insurance plan commercial enterprise with the buy of National Indemnity Company. In the late 1970s, Berkshire offered an fairness stake in GEICO, which now types the core of the conglomerate’s insurance plan operations in the US today.

In 2022, Berkshire Hathaway has a market capitalization of shut to $640 billion. It’s one of the pinnacle 5 biggest publicly traded groups worldwide.

A bit about Warren Buffett

Warren Edward Buffett is a self-made billionaire. He was once born on August 30, 1930 in Omaha, Nebraska, to Howard, a stockbroker and future congressman, and Leila (Stahl) Buffettt. Following in the footsteps of his father, younger Buffett first offered inventory at the age of eleven (three shares of oil and gasoline organization Cities Service Preferred for himself and three for his sister Doris) and he first filed taxes when he was once thirteen years old.

As pretty the younger entrepreneur – he delivered newspapers, offered stamps, Coca-Cola beverages, golf balls and magazines door-to-door – Buffett gathered $2,000 with the aid of the time he was once 15. He used that cash to purchase a 40-acre farm in Nebraska and used the farm income to pay his way thru university. Buffett graduated with a Bachelor of Science diploma from the University of Nebraska, Lincoln, and later with a Master of Science in Economics from Columbia Business School.

In the early 1950s, Buffett labored as an funding salesman and securities analyst. He used to be very profitable however realized that his intention of turning into a millionaire by using the age of 35 would require extra action, so he started out the Buffett Partnership Ltd. in 1956. He received Berkshire Hathaway in 1964, and the relaxation is history.

As of August 20, 2022, Buffett’s real time net worth was $103.4 billion, according to Forbes.

What insurance subsidiaries does Berkshire Hathaway own?

  • Berkshire Hathaway GUARD Insurance Companies
  • Berkshire Hathaway Specialty Insurance
  • Applied Underwriters
  • Gateway Underwriters Agency
  • GEICO
  • General RE
  • MedPro Group
  • National Indemnity Company
  • United States Liability Insurance Group

Berkshire Hathaway GUARD Insurance Companies

Berkshire Hathaway GUARD used to be set up in 1983. It specializes in business property and casualty accounts. Its merchandise include: workers’ compensation, businessowner’s policy, industrial umbrella, business auto, expert liability, disability, homeowners, and private umbrella. Berkshire Hathaway GUARD distributes via a nationwide community of chosen impartial insurance plan agents.

Berkshire Hathaway Specialty Insurance    

Berkshire Hathaway Specialty Insurance provides commercial property, casualty, healthcare

professional liability, executive and professional lines, surety, travel, programs, medical stop loss, accident and health, and homeowners’ insurance to customers worldwide. The firm provides multinational solutions to customers in nearly 170 countries.

Applied Underwriters

Applied Underwriters provides workers’ compensation insurance solutions for small and mid-sized businesses in America. The innovative company has doubled in customers and revenue since its inception in the early 1990s, and claims to have one of the highest customer retention rates in the industry – over 90%.

Gateway Underwriters Agency

Gateway Underwriters Agency was founded in 1954. It’s a professional wholesale insurance agency, which operates with binding authority and brokerage agreements with affiliated and non-affiliated company partners. Gateway specializes in several areas of insurance, including commercial, professional, personal, commercial auto and automobile.

GEICO

GEICO is arguably the most well-known of the Berkshire Hathaway insurance subsidiaries. The firm insures more than 28 million vehicles and has more than 17 million auto policies in force. It’s the second largest private passenger auto insurer in the US, but provides many insurance lines beyond auto, including homeowners’, business owner’s, professional liability, general liability and so on.

General Re

GenRe is an American multinational P&C and life & health reinsurance company. The reinsurer is represented in all major reinsurance markets through a network of more than 40 offices worldwide. It currently has $15.5 billion in capital and $11 billion in premiums.

MedPro Group

MedPro Group has been protecting the assets and reputations of the healthcare community with healthcare liability insurance since 1899. With over $1.5 billion in annual premium and more than 300,000 clients, MedPro Group is a recognized leader in customized insurance, claims and patient safety & risk solutions for physicians, surgeons, dentists and other healthcare professionals, as well as hospitals, senior care and other healthcare facilities.

National Indemnity Company

National Indemnity Company is the head of the National Indemnity group of insurance companies, which includes: National Indemnity Company, National Liability & Fire Insurance Company, National Fire & Marine Insurance Company, National Indemnity Company of the South, National Indemnity Company of Mid-America, and Columbia Insurance Company. It is one of the leading P&C insurance members of the Berkshire Hathaway family, and conducts its business primarily through general agents.

United States Liability Insurance Group

The United States Liability Insurance Group focuses primarily on delivery of specialized insurance solutions for small businesses. The Group consists of three insurance companies: United States Liability Insurance Company, Mount Vernon Fire and U.S. Underwriters Insurance Company, which allows it to offer admitted or non-admitted insurance policies in all 50 states and the District of Columbia.

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