LATEST NEWS

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Advancement of Costs and Emergency Defence Costs | Management Liability Extensions

Management Liability Insurance is a crucial component of a business’s risk management strategy, providing coverage for the legal and financial repercussions of managerial decisions. A critical feature of a Berkley Insurance Australia (BIA) Management Liability Insurance policy is the Advancement of Costs and Emergency Defence Costs extension. This extension offers...
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Celebrating Four Consecutive Years as Insurer of the Year 2024

Berkley Insurance Australia (BIA) is honoured to be named Insurer of the Year 2024 at the prestigious Insurance Business "Brokers on Insurers" Awards for the fourth consecutive year. This recognition is a testament to the enduring partnerships and trust we have built with our brokers and partners. We are deeply...
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Statutory Liability: Engineering Firm’s Success with Prompt Legal Support

Background The insured is a civil and structural engineering consulting firm.  In 2021, the insured was engaged by a local council to provide structural design drawings for a cantilevered roof structure over the spectator terrace at a local sporting club (structure).  This structure was in the process of being constructed...
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Strengthening Security with Multi-Factor Authentication on bindIT

In our ongoing commitment to safeguarding the confidentiality and integrity of our broking processes, we are excited to announce the implementation of Multi-factor Authentication (MFA) on the bindIT platform. What is Multi-Factor Authentication? Multi-factor Authentication (MFA) is an enhanced security protocol that requires more than one method of verification to...
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Your Premier Partner in Specialty Insurance

In the Australian specialty insurance market, Berkley Insurance Australia (BIA) stands as a beacon of robust security, local authority and specialised expertise. With an unwavering focus on three key lines of insurance: Public & Products Liability, Professional Indemnity, and Management Liability, BIA distinguishes itself by not just participating in the...
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Medical Devices Powered by Lithium-ion Batteries: Safety Considerations

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, has brought game-changing portable, rechargeable power to a vast array of products, including modern-day smartphones and electric cars. The life...
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Berkley Insurance Australia Pledges to Support SolarBuddy

Berkley Insurance Australia (BIA), is excited to announce its support of SolarBuddy, a leading global impact organisation committed to brightening the futures of children worldwide. Starting in 2024, BIA pledges to make a donation to SolarBuddy for every policy bound on our broker platform, bindIT. This commitment not only signifies...
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Welcoming Marz Psut to Our Partner Solutions Team

We are excited to announce the newest addition to our Partner Solutions Team, Senior Partner Solutions Underwriter, Marz Psut. Marz, with nearly two decades of experience in the insurance industry, has carved a niche for herself with her deep expertise in general liability across various sectors such as SME, construction,...
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Insights into a Professional Indemnity Case | Claims Notification

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 no notification revisited: Fairbank Haven v Merkon Constructions" highlights critical aspects of policy notifications under ‘claims made’ policies and the...