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Two Years and Going Strong | Steadfast Client Trading Platform
Berkley Insurance Australia joined the Steadfast SCTP a full 2 years ago now and the take-up from brokers has been better than expected. The SCTP is an online automated underwriting platform where brokers can obtain quotes from a range of Insurers for different product lines. Kirsty Owens, BIA’s National Portfolio...
Blockchain – Basics 101
So what is blockchain? To put it simply, Blockchains are a form of databases whereby information is stored. As with most databases, whilst many people may be able to access and even make changes to the database information, it is usually owned or administered by a single individual or entity,...
General Liability Exposures for Host Employers
It is typical in today’s fast-moving and ever-changing society that the benefits of engaging in a labour-hire arrangement present a compelling commercial argument for those businesses wishing to do so. It is relatively easy to arrange The administration and selection of individuals is outsourced to a firm that specialises in...
Berkley Insurance Australia wins Insurer of the Year – 2021
At Berkley Insurance Australia, we are thrilled to be recognised by the industry in achieving an outstanding 10 awards, including Insurer of the Year 2021, at the Insurance Business Brokers on Insurers Awards. In addition to winning the NIBA General Insurer of the Year Award for 2020 last year, to...
Design & Construct Professional Indemnity Insurance | What it really covers
Senior Underwriter Valerie Keown discusses how Design & Construct Professional Indemnity Insurance (or D&C cover) is often confused by those who do not deal with the product every day. Whilst D&C cover is a financial lines-based class of business the traditional requirement of “fee for advice” does not apply. Many...
Run-Off Insurance – How Long is Long Enough?
Claims Made insurance policies only respond to claims made against an Insured during the policy period. Once the policy expires, no future claims can be made under the policy, even though the act giving rise to the claim may have occurred during the policy period. Why do you need a...
Risk Management – Professional Indemnity Insurance for Accountants
Why do Accountants need PI? If you’re a Public Practice Accountant, then it’s likely that at least on one occasion you have woken up during the night drenched in sweat, wondering if that nightmare about miscalculating your client’s tax return really happened. Sound familiar? Accounting firms are fast-paced, high-pressured environments...
Employment Practice Liability under Management Liability Cover
Employment issues have become a key concern for business owners. This is because employers can be held liable for the decisions they make regarding employment, promotion and dismissal, the procedures they follow and the type of working environment provided for employees. Mistakes, oversights and miscommunication can happen even in well-run...
Risk Management | Why is Professional Indemnity Insurance so important?
Risk Management for when you get it wrong. If your business provides professional advice or services to clients, then you’re most probably aware of Professional Indemnity Insurance. Professional Negligence – What happens when you give the wrong advice? Many mistakes are quite minor in nature and can be easily rectified....
