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Insuring a Business Trust Structure under Management Liability Insurance
Introduction Insuring business structures that use a trust requires an understanding of how trusts operate and their nuances. This article explores the issues associated with business trust structures and Management Liability (ML) insurance. Management Liability Insurance – an overview. Berkley Insurance Australia’s (BIA) ML insurance can help protect the assets...
Navigating the Claims Process: A Practical Guide for Insurance Professionals
At Berkley Insurance Australia (BIA) we are proud of our claims philosophy – ‘Play Fair, Pay Early”. We understand that brokers and their clients expect to be treated as individuals by an insurer who acts decisively in the moments that matter. This is why we treat the claims process as...
The Importance of Association Liability Insurance for Associations
Associations fulfil an important role in society. However, they operate with unique challenges and responsibilities, often relying on volunteers and limited resources to achieve their missions. The term association is quite broad and can include a variety of organisations such as industry associations, charities and other benevolent societies, professional associations,...
Professional Indemnity: Common Policy Exclusions
Professional Indemnity (PI) insurance is designed to cover insureds for their liability to pay compensation for errors and omissions that may arise in relation to professional services they provide. When reviewing a PI policy, its critical to also review and understand any exclusions that apply in the policy. PI insurance...
Celebrating a Decade of Partnership with Community Underwriting!
We are thrilled to announce that Berkley Insurance Australia’s (BIA) Partner Solutions team has reached a significant milestone – a 10-year partnership with Community Underwriting! Over the past decade, our collaboration has been built on mutual trust, shared values, and a commitment to providing exceptional insurance solutions tailored to the...
Solicitors Professional Indemnity Top Up Insurance
Changes to compulsory policy limit in Victoria In Victoria, solicitors who engage in private legal practice are required to be covered by professional indemnity insurance (PII) for legal liability that may arise from their professional services. With effect from 1 July 2025, the minimum limit of indemnity for compulsory PII...
Berkley Insurance Australia and Pursuit Underwriting: A Promising Partnership
In March 2025, Berkley Insurance Australia (BIA) and Pursuit Underwriting (Pursuit) announced a strategic partnership aimed at providing comprehensive insurance solutions for the fitness, wellness and tourism sectors. This collaboration has already shown promising results, enhancing the insurance landscape for these specialised industries. About Pursuit Underwriting Pursuit is led by Warren Mills, who brings...
3D Printing – Insurance Considerations
While 3D printing is still seen as an emerging risk, it may be a surprise to some that it has actually been around for more than 30 years. 3D printing is now pushing the boundaries of creativity and is used for a variety of applications and products. Similar to other...
Management Liability Insurance – What is it and Who needs it?
A business should consider having Management Liability (ML) insurance when it is exposed to the potential risks associated with the actions of its directors and officers. ML insurance can help protect the personal assets of directors and officers, as well as the company itself, from the financial consequences of claims...
