Berkshire Hathaway Travel Protection

What Berkshire Hathaway Travel Protection does

Berkshire Hathaway Travel Protection (BHTP) is a US travel insurance provider operating as a division of Berkshire Hathaway Specialty Insurance Company, with policies underwritten by Berkshire Hathaway Specialty Insurance Company (A++ AM Best rating, Nebraska-domiciled). Founded in 2014 and headquartered in Stevens Point, Wisconsin, BHTP sells seven core plans — ExactCare Value, ExactCare, ExactCare Extra, ExactCare Lite, LuxuryCare, WaveCare (cruise), and AdrenalineCare (adventure) — plus add-ons such as Cancel For Any Reason and car rental collision coverage. The company also operates a separate Errors & Omissions (E&O) insurance line for travel agencies, established in 1985 within the BHSI portfolio.

The technology stack is built around a cloud-based insurance platform with proprietary claims processing (BHTP Burst, which settles approved claims via direct deposit in minutes and is positioned as 5x faster than industry average), an automatic flight tracking system that opens claims on behalf of customers for covered delays, a mobile "pic and click" claims workflow, and a quote engine that limits presented plans to a maximum of three options. Revenue is generated primarily through one-time travel insurance premiums priced at 5-10% of total trip cost, with a secondary recurring stream from E&O premiums paid by travel agencies. Distribution runs through a direct-to-consumer website, a relaunched direct-to-advisor program (fall 2025), insurance aggregators including Squaremouth and InsureMyTrip, and a dedicated E&O sales channel staffed by three US territory representatives.

BHTP targets individual travelers, cruise passengers, adventure travelers, luxury travelers, and — most recently — Gen Z and millennial travelers, alongside travel agencies on the E&O side. Reported unit metrics show 12% policy purchase growth in 2025 and 7% growth in Q1 2026, while macro indicators (65% of US consumers now consider travel insurance important, 96,000+ flight cancellations and 2.7M mishandled bags annually) provide demand tailwinds. The company does not disclose standalone revenue or headcount.

Name

Berkshire Hathaway Travel Protection

Legal name

Berkshire Hathaway Specialty Insurance Company

Website

https://bhtp.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

251–500 employees

Short description

Berkshire Hathaway Travel Protection is a US travel insurance division of Berkshire Hathaway Specialty Insurance, offering seven consumer plans plus E&O coverage for travel agencies, distributed via direct-to-consumer, advisor, and aggregator channels.

Ownership category

akta.pro rank

Product category

Travel Insurance

NAICS

Direct Property and Casualty Insurance Carriers (524126), Direct Insurance (except Life, Health, and Medical) Carriers (52412), Other Direct Insurance (except Life, Health, and Medical) Carriers (524128)

SIC

Fire, Marine & Casualty Insurance (6331), Insurance Agents, Brokers & Service (6411), Insurance Carriers, Nec (6399)

akta.pro primary industry

Travel Insurance (Trip Cancellation/Interruption & Delay) (FSAJAJAA)

akta.pro secondary industries

Baggage & Personal Effects Insurance (FSAJAJAE), Flight/Carrier Accident Insurance (FSAJAJAI), Travel Medical Insurance (Individual) (FSAIAEAI), Adventure Sports & High-Risk Activity Travel/Accident Insurance (FSAJAJAL)

Keywords

• Travel insurance
• Trip protection
• Travel medical insurance
• Cruise insurance
• Errors and omissions insurance

Headquarters

HQ city

Stevens Point

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Technology or R&D, Marketing or Sales, Personnel, Infrastructure

Revenue model

1. Travel Insurance Premiums: Primary revenue stream from selling travel insurance policies. Plans include ExactCare Value, ExactCare, ExactCare Extra, LuxuryCare, WaveCare (cruise), AdrenalineCare (adventure), and ExactCare Lite. Premiums are paid per trip with coverage typically costing 5-10% of total trip cost. Cancel For Any Reason (CFAR) upgrade available on LuxuryCare for an additional premium.
2. Errors & Omissions (E&O) Insurance: Provides E&O insurance for travel agencies and tour operators. The company has been selling E&O since 1985. Coverage includes Bodily Injury, Personal Injury, Hired Non-Owned Auto, and optional coverage for sale of travel insurance, advertising injury, and prior acts. Also includes BHTP Booking Protector for 24/7 customer coverage.
3. Optional Add-on Coverages: Additional revenue from optional coverage add-ons including Cancel For Any Reason (CFAR) upgrade, car rental collision coverage (around $10/day), and specialty coverage add-ons.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels4 records

Core offering

Berkshire Hathaway Travel Protection underwrites and sells travel insurance plans (ExactCare Value, ExactCare, ExactCare Extra, ExactCare Lite, LuxuryCare, WaveCare, AdrenalineCare, AirCare) that reimburse travelers for trip cancellation, interruption, delays, medical emergencies, evacuation, lost baggage, and missed connections. The company also provides Errors & Omissions (E&O) liability insurance for travel advisors and tour operators, supported by proprietary claims-payment technology (BHTP Burst) and 24/7 worldwide travel assistance.

Product overview

Berkshire Hathaway Travel Protection offers a portfolio of seven core travel insurance plans plus specialty add-ons and features. The product lineup is organized in tiers: ExactCare Value (budget), ExactCare and ExactCare Extra (mid-tier comprehensive with innovative flight tracking), ExactCare Lite (post-departure medical-only), LuxuryCare (premium highest-limit), WaveCare (cruise-specific), and AdrenalineCare (adventure/extreme sports). All plans include 24/7 Worldwide Travel Assistance and BHTP Burst rapid claims payment. Optional add-ons include Cancel For Any Reason (CFAR), Car Rental Collision Coverage, and Sporting Equipment Delay. The company also provides E&O Insurance for travel agents as a separate business line.

Differentiator

Problem solved

Functional benefit

Brands

• ExactCare Value: Affordable travel insurance for budget-conscious travelers with comprehensive coverage including trip cancellation, interruption, medical expenses up to $15,000, and emergency evacuation up to $150,000.
• ExactCare
• ExactCare Extra
• LuxuryCare
• WaveCare
• AdrenalineCare
• ExactCare Lite
• BHTP Booking Protector
• BHTP Burst

Products and services

• ExactCare Value Entry-level travel insurance plan for budget-conscious travelers, offering trip cancellation and interruption coverage, up to $15,000 in secondary emergency medical, lost baggage reimbursement, and worldwide travel assistance.
• ExactCare Mid-tier comprehensive travel insurance with 100% trip cancellation, 150% interruption, up to $50,000 emergency medical, pre-existing condition waiver when purchased within 15 days, and family pricing (2 children per adult).
• ExactCare Extra Comprehensive travel insurance with innovative flight protection featuring fixed benefits for tarmac delays ($1,000), missed connections ($100), flight delays ($50), $75,000 medical, $750,000 evacuation, and automatic flight tracking for claim creation.
• ExactCare Lite Post-departure travel insurance designed for last-minute trips where the focus is emergency medical and evacuation coverage while traveling abroad, without pre-departure trip cost protection.
• LuxuryCare

Quantifiable outcome

• Claims processed 5x faster than industry average with BHTP Burst technology
• +4 more outcomes

Named customers5 records

Segments6 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

One partnership is on record.

• Polymath Research + MarketingcoreStrategic or Co-development Partner · 1 May 2026Research partnership for annual State of Travel Insurance study. Polymath Research + Marketing has conducted the annual research since 2016, providing market insights on travel insurance demand, consumer behavior, and trends that generate significant press coverage.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Emerging players

• GeoBlue: GeoBlue specializes in international travel medical insurance for U.S. travelers, with a narrower medical focus than BHTP but overlapping product/market at the higher-coverage, international-traveler tier. Comparable on technology and direct-to-consumer buying experience.

Direct peers

• IMG Global (International Medical Group): IMG offers travel medical insurance, trip cancellation, and adventure/cruise plans with similar tier structures to BHTP. Strong in the international and expatriate-adjacent segments, overlapping BHTP's worldwide travel medical coverage.
• Generali Global Assistance: Generali Global Assistance (formerly CSA Travel Protection) offers trip cancellation, medical, and 24/7 assistance plans directly comparable to BHTP's product set. Competes in direct, advisor, and aggregator channels for the same U.S. consumer base.
• Allianz Travel Insurance: Allianz Travel is one of the largest and most recognized travel insurance providers in the U.S., offering trip cancellation, medical, and evacuation coverage to consumers via direct and partner channels. Directly comparable to BHTP across product structure, target customer (leisure and business travelers), and distribution via aggregators.
• Tin Leg: Tin Leg is a digitally-native travel insurance provider selling through aggregators and direct channels with comparable trip cancellation, medical, and adventure coverage tiers. Competes for the same online price-sensitive shoppers as BHTP.
• World Nomads: World Nomads specializes in travel insurance for adventure and long-term independent travelers, with strong coverage for extreme sports and activities abroad — directly overlapping with BHTP's AdrenalineCare. Comparable in customer persona (younger, experience-driven travelers) and digital-first distribution.
• Seven Corners: Seven Corners provides travel medical and trip insurance plans for international travelers, with comparable plan structures (trip cancellation, medical, evacuation) and direct-to-consumer online quoting. Comparable scale and channel mix to BHTP.
• AIG Travel / Travel Guard: Travel Guard is AIG's consumer travel insurance brand, offering single-trip and annual plans with comparable coverage tiers to BHTP (ExactCare, LuxuryCare). Competes head-to-head in direct-to-consumer, advisor, and aggregator channels.

Broad incumbents

• AXA Assistance USA: AXA Assistance provides travel insurance, assistance, and claims services globally as part of broader AXA insurance offerings. Overlaps with BHTP in U.S. travel insurance and 24/7 assistance but operates across many other insurance lines as well.
• Nationwide Travel Insurance: Nationwide offers travel insurance as part of a broad multi-line personal and commercial insurance portfolio. Competes with BHTP in trip cancellation and medical coverage but does not specialize in travel, leveraging brand and bundle distribution instead.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/bhtp
• Facebookfacebook.com/bhtravelprotection
• LinkedInlinkedin.com/company/berkshire-hathaway-travel-protection

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Berkshire Hathaway Travel Protection