Berxi, a brand of Berkshire Hathaway Specialty Insurance, received approval to launch a Small Business Liability insurance program in Texas. The product uses ISO loss costs with company-specific adjustments and targets general liability risks for small businesses.

The filing was approved on March 26, 2025, after BHSI made revisions to meet state requirements. General expenses were capped at 6.1%, and a 25% distribution cost was explicitly included. Estimated Loss Potential (ELP) ranges were narrowed and grouped by hazard class, and no third-party data or models were used in rate development.

BHSI submitted support for its small business liability expense assumptions in Texas. Compared to the industry, BHSI has a higher general expense ratio (7.8% vs. 6.1%) but significantly lower commission and acquisition costs (11.3% vs. 18.3%). For rating purposes, BHSI selected 8% for general expenses, 15% for commissions, and 2.5% for other acquisition—figures that balance company history with broader market norms.

BHSI’s proposed policywriting minimum premiums align with those filed by Hiscox for similar coverage, highlighting Berxi’s intent to remain competitive in the small business market.