What Are the Key Differences Between Founder Shield and THREE by Berkshire Hathaway General Liability Insurance?
Brokerage Placement and Issuing Carrier
Founder Shield says it is a retail brokerage and places its general-liability policy with third-party carriers, selecting carriers rated A- or better by AM Best; the actual issuer depends on the placement. THREE lists liability inside its combined Business Owners Policy, and its sample declarations identify Berkshire Hathaway Direct Insurance Company as issuer. Check the actual declarations from both routes to compare the insurer named on your policy. [5] [7] [3]
Customer-Facing Business and Coverage
Founder Shield describes general liability for physical or customer-facing businesses, including retail, technology startups, home businesses and property renters. It lists third-party bodily injury, property damage, personal or advertising injury and legal defense costs, while directing employee injuries, professional errors and own-property damage to other lines. THREE names general liability in its combined offering but its reviewed record does not specify equivalent claim categories. Match the policy wording to the business's location, services and products. [6] [1]
Advisor-Led Application
Founder Shield says buyers request coverage through its website or an advisor, after which its placement team approaches carriers; the public description does not offer direct binding. THREE provides an online quote route and licensed Small Business Advisor assistance. Ask Founder Shield which insurers it will approach and THREE how the proposal becomes bound coverage. [5] [2]