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Sep 20

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....
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Sep 06

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...
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Aug 23

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...
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Aug 23

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)...
Chloe
Aug 08

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...
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Jul 15

Financial Lines Claims Trends and Insights

In an ever-evolving business landscape, understanding the trends and examples of financial lines claims is essential for brokers and their clients. These insights from the past year's claims highlights key areas of concern, common pitfalls, and best practices to ensure appropriate coverage and effective claims management. ENSURING APPROPRIATE COVERAGE Business...
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Jun 27

Solving the Public and Products Liability Puzzle

In the realm of public and products liability, businesses often find themselves navigating a complex landscape. Understanding the nuances of liability coverage, risk management, and emerging challenges is crucial for overall risk mitigation and achieving desired claim outcomes. Here, we delve into real-world examples and insights to help unravel the...
Matt R_ 2024
Jun 25

Championing Coverholder Success at Berkley Insurance Australia

As Matt Rawle approaches his third anniversary at Berkley Insurance Australia (BIA), his role as National Senior Partner Solutions Underwriter stands as a testament to his dedication to fostering strong, innovative relationships with coverholders. His journey, marked by continuous growth and active participation in leadership and mentorship programs, highlights his...
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May 31

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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