Berkley Insurance

Want to protect your business? Compare policies from Berkley Insurance and see if they’re right for you.

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By

Gary Ross Hunter

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Key takeaways

  • Berkley Insurance Australia distributes its products through insurance brokers rather than selling directly to the public, ensuring tailored advice for each business risk profile.
  • The insurer holds strong financial strength ratings of A+ from both Standard & Poor's and A.M. Best, and operates as the local branch of the US-based W. R. Berkley Corporation with Australian underwriting and claims teams.
  • Specialised products include Healthcare Practice Protection for medical professionals, combined IT Liability cover for technology businesses and Sole Traders Management Liability for individual operators.
  • Cover spans Public and Products Liability, Professional Indemnity and Management Liability, suiting everything from sole traders to large public companies.

Speak with an adviser about getting Berkley Business Insurance today

What types of business insurance does Berkley offer?

Public and Products Liability Insurance

This can protect your business from paying compensation to a third party if you're sued for personal accidents, injury or property damage that result from any business activity. Cover includes:

  • Slips & falls on your premises
  • Damage to a third party's property
  • Injury caused by you or one of your employee's negligence
  • Faulty or defective products
  • Workers' compensation recovery claims for labour-hire employees/contractors
  • Defending legal fees

Professional Indemnity Insurance

Professional Indemnity Insurance can protect your business against a claim made by a client alleging they've suffered a financial loss as a result of your negligence or a breach of professional duty from services your business provides. Cover can include:

  • Design & Construct Insurance
  • Medical Malpractice Insurance
  • Association Liability Insurance
  • IT liability Insurance

Management Liability Insurance

Management Liability Insurance can protect directors and companies against a Wrongful Act and is suitable for a wide range of companies, from small and medium-sized businesses to large public companies. It can provide Sole Traders Management Liability and Directors & Officers Liability which can protect you for a wrongful or fraudulent act where you are held personally liable, including covering your personal assets from financial loss.

Need to make a claim on your Berkley policy? Follow these steps

The steps involved in making a claim with Berkley Insurance Australia are as follows:

  1. Take all reasonable precautions at the scene to prevent further loss, damage or liability
  2. Do not admit liability
  3. Advise police if property has been stolen, maliciously damaged or lost and obtain a copy of the police report as soon as possible
  4. Record all details of third parties involved, including their insurer details if possible
  5. Take photographs of the area and of the damage
  6. Call your Berkley Insurance Broker as soon as possible to begin submitting your claim.

With a range of insurance products tailored specifically to the needs of the business community, Berkley Insurance Australia has established themselves as a major player in the corporate insurance arena. And their focus on streamlining the claims process will no doubt continue to give them a competitive advantage in this highly competitive industry.

Talk to a broker about Berkley business insurance

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FAQs

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Gary Ross Hunter's headshot
Journalist

Gary Ross Hunter has over 6 years of expertise writing about insurance, including life, health, home, and car insurance. Having reviewed hundreds of product disclosure statements and published over 800 articles, he loves simplifying complex insurance topics for everyday readers. Gary has contributed to major outlets like Yahoo Finance, The Sydney Morning Herald, and news.com.au, and holds a Bachelor of Arts (Honours) in English Literature from the University of Glasgow, along with a Tier 2 General Advice certification, ensuring his work adheres to ASIC’s RG146 standards. See full bio

Gary Ross's expertise
Gary Ross has written 558 Finder guides across topics including:
  • Health, home, life, car, pet and travel insurance
  • Managing the cost of living
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