Berkshire Hathaway Specialty Insurance (BHSI) has launched Professional First Technology Liability Insurance policies in Australia and New Zealand.

The policies offer customisable professional liability protection for complete services provided by technology and tech-related firms.

BHSI’s Professional First Technology Liability Insurance enables customers to choose any or all of three separate towers to secure professional indemnity, cyber and general liability covers.

BHSIAustralasiaExecutive & Professional Lines head Cameron McLisky said: “BHSI is committed to simplicity and that is evident in these easy-to-navigate policy forms which are readily tailored to the individual needs and exposures of technology firms and backed by BHSI’s financial strength.

“We take a partnership approach to this market, with our brokers and customers collaborating with our decision makers, from underwriting, to claims service.”

Under the new policy, limits and coverage can be structured to address the individual needs and preferences of a wide variety of tech firms.

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Among the tech firms include those involved in systems integration, software design and development, technology consulting, IT training and telecommunications.

Last year, Berkshire Hathaway launched a new insurance policy in Asia to enable firms to deal with increasing incidents of fraud.

Dubbed as Commercial Crime Insurance, this policy offers coverage against traditional employee crime and external crimes.

The company also started underwriting casualty and construction insurance in France last year.