1a.- About Us

“Berkshire Risk Services provides innovative insurance and risk management programs for the financial industry.  We offer insurance tracking and portfolio insurance solutions, designed to quantify and manage the risk of uninsured property losses.”  

Our clients include car dealerships, leasing companies as well as some banks and credit unions.  

 Our tracking service enables our clients to differentiate between types of insurance policies provided by their customers to ensure that their portfolios* are covered by the correct type of coverage specified in the loan agreement.*

Once the loan agreement / contract is in force, these lenders or finance companies require that the collaterals being financed, have adequate coverage for the duration of the loan.  The lender’s ultimate goal is to make sure that all collaterals are financially protected in case of damage or loss, with the proper PHYSICAL DAMAGE coverage, adequate DEDUCTIBLES and the finance company listed on the insurance policy as LIENHOLDER / LOSSPAYEE.

Before we move on to the different types of insurance, let me explain a little bit about the companies that we service. These finance companies have a full list of active loans called, a portfolio. Each of this loans that is connected to a collateral (vehicle) has a loan agreement, which is legal binding contract to provide protection for that collateral (vehicle) in the form of (full coverage) insurance.