Expert Articles
Claim Insight Series – Part 1 – The ‘101’ on Notifiable Circumstances and Valid Notifications
Insurers are often asked what a notifiable circumstance is and how is it different to the notification of a claim? Helpfully, there has been recent developments in case law dealing with notifications under claims made policies and the operation of section 40(3) of the Insurance Contracts Act 1984 (Cth) (ICA)....
Berkley Insurance’s 2024 Golf Day
So as the year rolls into October, there’s a buzz amongst the Sydney brokers and even a few from rural NSW and interstate. Yes, it’s time again for the Berkley Insurance Australia Sydney Golf Day! With our biggest turnout yet, with over 60 competitors attending, the dark clouds loomed, memories...
Common Public & Product Liability Extensions
In addition to the standard cover provided under a Public and Products Liability (PPL) policy, there are a variety of optional extensions available that provide cover for additional exposures your client’s business may face. In this article we look at some of the most common extensions that are offered and...
Binder Authority – Can We Do It Better?
Problem with existing security? Need a solution to handle a small portfolio which your current security provider struggles with? Or just need to gain more efficiency out of your binder business? Berkley Insurance Australia’s Partner Solutions Team can help you out! At Berkley Insurance Australia (BIA), we’re all about developing...
How to Obtain a Quote Faster
We live in a world where technological advancement creates an expectation that everything happens instantaneously. However, as we all know, this is not always the case. An area that can cause a sense of frustration for brokers and their clients is the time it takes to obtain an insurance quote....
What is a Miscellaneous Professional Indemnity (PI) Risk?
As an insurance professional, you might have encountered this question: "What exactly is a miscellaneous Professional Indemnity risk?" The key to understanding what we mean by a “miscellaneous risk” is to think about what it 𝐢𝐬𝐧’𝐭. A miscellaneous PI risk usually refers to any profession or business that needs protection...
Why Combining GL and PI Policies Makes Sense for Your Professional Clients
Managing your professional clients GL and PI policies can often feel a lot like herding cats. That’s before you even get started on their property coverage. With different policies, varying wordings, changing insurer appetites, and the constant chase for completed proposal forms, it's easy to feel overwhelmed. But what if...
Selling a Business: Key Considerations for Professional Indemnity Insurance
Selling a business can be a complex process that requires careful planning and consideration. While most business owners can focus their attention on negotiations, contracts, and valuations, it is crucial not to overlook any insurance requirements during the sale transaction. This article will explore the importance of Professional Indemnity (PI)...
Berkley expands broker portal bindIT to Professional Indemnity
Berkley Insurance Australia (BIA) has expanded its online broker platform, bindIT, to include Professional Indemnity Insurance. bindIT is BIA’s automated portal for brokers. It offer access to a suite of products through a quick, transparent, and efficient process that supports the sending of online proposals to clients through “Share a...
