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Professional Indemnity Insurance: Reinstatement of Indemnity Limits
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 boosting the amount available to respond to claims made against the insured during the policy period, and why reinstatement should...
Streamlining Efficiency in Liability Insurance Management
bindIT is a digital platform designed to enhance the efficiency of brokers in handling various liability coverages including Public & Products Liability, Management Liability, and IT Liability. The platform leverages technology to streamline the insurance process, making it more user-friendly and automated. https://youtu.be/3yJ6u5CZkF0 Key Features of Public & Products Liability...
Berkley Australia Named One of Australia’s Best Workplaces for Women 2023
Berkley Australia (which is comprised of Berkley Insurance Australia and Berkley Re Australia) is elated to announce yet another significant accolade, being recognised as one of Australia’s Best Workplaces for Women in 2023. This recognition comes just a few months after Berkley Insurance Australia (BIA) and Berkley Re Australia were...
BIA Secures Second Specialty Insurer Award 2023
Berkley Insurance Australia (BIA) is proud to announce that it has been honoured with the 2023 Specialty Insurer of the Year award by Insurance Advisernet at their annual conference. This is the second consecutive year BIA has received the Specialty Insurer of the Year award and further cements its position...
BIA Announces Key Organisational Changes to Strengthen E-Business Strategy
Leading specialist insurance provider, Berkley Insurance Australia (BIA), announces strategic organisational changes to bolster its rapidly growing e-business distribution channels. These changes are reflective of BIA's commitment to adapt to evolving market trends, particularly the shift towards e-business for SME customers. Matthew McPhee, BIA’s National Underwriting Manager said, “In line...
Professional Indemnity: Costs Exclusive vs Costs Inclusive
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 customers. The purpose of this article is to explain the difference between: costs inclusive and costs exclusive excesses, and costs...
Professional Indemnity: The Importance of the Professional Services Description
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 professional services description clearly covers the scope of services provided by the insured. This article outlines some Professional Indemnity coverage...
Berkley Insurance Australia Tops PI and GL in Steadfast Insurer Survey
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 survey, assessing various service aspects, confirms BIA's unmatched commitment to the broker experience. In the Liability sphere, BIA has emerged...
BIA Wins General Insurer Claims Team of the Year 2023
We are elated to share that our incredible Claims Team has been recognised with the prestigious Insurance Business Australia Award for AAMC "General Insurer Claims Team of the Year" 🏆 A huge shoutout to our claims team who have consistently showcased their commitment, expertise, and dedication to excellence in claims handling. Their tireless efforts...
