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Professional Liability

Financial Lines Claims Trends and Insights

By Maria Gonzalez | 15/07/2024
The image shows a hand holding a small, round green object with a white umbrella icon on it against a bright yellow background. The hand is positioned in the lower left corner of the image, and the person is wearing a long-sleeved black shirt.

In an ever-evolving business landscape, understanding the trends and examples of financial lines claims is essential for brokers and their clients. These insights from the past year’s claims highlights key…

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Medical Devices Powered by Lithium-ion Batteries: Safety Considerations

By Maria Gonzalez | 26/04/2024
The image shows a representation of lithium and lithium-ion batteries. On the left side, there is a metallic square with the symbol "Li," atomic number "3," and the name "Lithium" written on it. In front of this square are several pieces of metallic lithium ore. To the right, there are six blue cylindrical lithium-ion batteries, some standing upright and others lying down. The batteries have text on them that reads "Lithium Ion Battery 3.7 V 1500 mAh."

We are pleased to share insights from Berkley Life Sciences, a member of the W. R. Berkley Corporation insurance companies. The development of lithium-ion batteries, also known as “Li-ion” batteries,…

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Insights into a Professional Indemnity Case | Claims Notification

By Maria Gonzalez | 08/04/2024
The image shows a person wearing a blue hard hat and a blue quilted vest over a plaid shirt. The person is holding and looking at a tablet device. The background features an industrial or construction setting with concrete pillars, metal fencing, and windows. The person's face is blurred out for privacy.

Insurance brokers play a critical role in guiding clients through the world of professional indemnity insurance. A notable case, outlined by Carter Newell Lawyers in their article “The consequences of…

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Technical Insights of Artificial Intelligence in Insurance

By Maria Gonzalez | 11/03/2024
A business man working alongside an artificial intelligence cyborg in an office setting, depicting the future of work and the integration of AI in the workforce, generative ai

In today’s rapidly advancing technological landscape, Artificial Intelligence (AI) has emerged as a critical driver of innovation, transforming operations and decision-making processes across various occupations. As insurance brokers, a deep…

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Understanding Professional Indemnity Insurance: The Average Provision

By Maria Gonzalez | 08/01/2024
The image shows a person in a suit and tie sitting at a desk, writing in an open book with a pen. The background consists of shelves filled with numerous books or files. There are also other documents or binders on the desk.

Professional Indemnity (PI) Insurance provides businesses and professionals with cover for their liability for compensation arising from errors and omissions in connection with the professional services they provide to their…

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Professional Indemnity: What Are Policy Extensions?

By Maria Gonzalez | 11/12/2023
The image shows two individuals sitting at a desk, engaged in a discussion or review of a document. One person is holding and pointing to the document with a pen, while the other person is pointing at the same document with an index finger. The document appears to contain text, but it is not legible in the image. There are also some office supplies visible on the desk, including papers, folders, and what appears to be a tablet device.

Cover provided under a Professional Indemnity (PI) insurance policy can vary greatly in the market. When reviewing a Professional Indemnity policy, it’s important to understand the extensions the policy provides…

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Professional Indemnity Insurance: Reinstatement of Indemnity Limits

By Maria Gonzalez | 21/11/2023
The image shows a close-up view of a green umbrella with water droplets on its surface. The background is blurred, featuring what appears to be an outdoor setting with buildings and possibly other umbrellas.

In this article, we will unpack the reinstatement of indemnity limits for Professional Indemnity (PI) Insurance. You will get a better understanding of the material role reinstatement can play in…

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Professional Indemnity: Costs Exclusive vs Costs Inclusive

By Maria Gonzalez | 23/10/2023
a Road sign says inclusion and exclusion

Professional Indemnity (PI) insurance provides businesses and professionals with cover for their liability for compensation arising from errors and omissions in connection with the professional services they provide to their…

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Professional Indemnity: The Importance of the Professional Services Description

By Maria Gonzalez | 09/10/2023
professional business man sitting in a boardroom with his team

Professional Indemnity (PI) insurance is designed to cover insureds for errors and omissions that may arise whilst providing clients with professional services. So, it is vital to ensure that the…

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Berkley Insurance Australia Tops PI and GL in Steadfast Insurer Survey

By Maria Gonzalez | 04/10/2023
Berkley Insurance Australia Perth Underwriting Team

The latest Steadfast Network Insurer survey has spotlighted Berkley Insurance Australia (BIA) as the premier insurance provider for both Public & Products Liability and Professional Indemnity to Steadfast brokers. The…

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