Sole Traders ML Articles

Directors and Officers, Educational, General News, Management Liability, Sole Traders ML

BIA Continues to offer broad Management Liability

Berkley Insurance Australia recognises this need and offers broad Management Liability solutions, including Entity cover or Organisational Liability, tailored to meet the evolving demands of your clients' businesses.

Associations Liability, Design and Construction PI, Directors and Officers, Educational, General News, IT Liability, Management Liability, Professional Indemnity, Professional Liability, Public & Products Liability, Sole Traders ML

What is a ‘named insured’ and ‘interested party’

Every industry comes with its own jargon and terminology, but as an insurance professional, you’ll probably agree that ours seem to have a particularly special amount of terms that are not as straightforward as they sound, or that overlap with other, similar sounding definitions.

Claims, Educational, Management Liability, Sole Traders ML

Explaining Management Liability to Your Clients

There are four key areas you should focus on when explaining Management Liability (ML) insurance with your clients: WH&S defence costs, fines and penalties; Employment issues, Employment practices liability; Employee theft or third-party crime; and Personal asset protection.

Associations Liability, Design and Construction PI, Directors and Officers, Educational, General News, IT Liability, Management Liability, Medical Malpractice, Professional Indemnity, Professional Liability, Public & Products Liability, Sole Traders ML

Insurance Insight Series: The Contract of Insurance | Part 1

Whatever type of insurance your client is considering buying, there are a few things you need to be aware of as the broker. In part one of this two-part insurance insight series, we explore the steps to enter a contract of insurance and your role in each of these steps.

Directors and Officers, Educational, Management Liability, Sole Traders ML

What is Management Liability

Whether your business is small or large, you have probably wondered at some point in time, whether you might need to take out Management Liability Insurance. This type of insurance is designed to protect companies from legal action in response to the improper or careless actions of a company director or officer.

Educational, General News, IT Liability, Management Liability, Medical Malpractice, Professional Indemnity, Professional Liability, Public & Products Liability, Sole Traders ML

The Importance of Offering Run-Off Insurance

Beware of the consequences of not offering Run-Off Cover. When an insurance broker receives a request to cancel a professional indemnity policy due to the client's cessation of work, they should explain the claims made and notified nature of the policy and recommend the insured take out Run-Off Cover.

Educational, Management Liability, Sole Traders ML

Get to know Sole Traders Management Liability Insurance

While Management Liability provides protection suited to corporations and small businesses, sole traders require a tailored Sole Trader Management Liability cover that suits their individual needs and exposures.

Educational, Featured, General News, Management Liability, Sole Traders ML

Employment Practice Liability under Management Liability Cover

Employment issues have become a key concern for business owners. This is because employers can be held liable for the decisions they make regarding employment, promotion and dismissal, the procedures they follow and the type of working environment provided for employees.

Associations Liability, Educational, Featured, General News, Management Liability, Sole Traders ML

Risk Management | Employee Theft and how to avoid it

Surely the thought has flashed across the minds of most business owners at one time or another. What would I do if I discovered that one of my employees had been stealing from me? How would I confront them? What action would I take?

Associations Liability, Design and Construction PI, Educational, Featured, General News, IT Liability, Management Liability, Medical Malpractice, Professional Indemnity, Professional Liability, Public & Products Liability, Sole Traders ML

Insurance Legalities | Your questions answered

When naming a partnership, it is always best to show “Brian Johnson and John Johnson” as in the example provided in the presentation as it will ensure that each individual member named will be covered in the event of an individual claim being made against them.

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