Berkley Insurance

Information verified correct on October 21st, 2016

Want to protect your business? Compare policies from Berkley Insurance and get the cover that's right for your company

Berkley Insurance Australia is a part of the W. R. Berkley group, headed by W. R. Berkley Corporation, a Fortune 500 company with more than US$20.5 billion in assets. Their global insurance model is founded on four essential principles:

  • Expert local underwriting
  • Excellent service
  • Fair and fast claims handling
  • Financial strength.

A general insurer specialising in business risk exposures, Berkley Insurance Australia offers a range of business insurance products including Management Liability Insurance, Professional Indemnity Insurance, Public and Products Liability Insurance and Motor Insurance.

The company’s philosophy has been summed up aptly in the words of Mark Twain: "Do the right thing. It will gratify some people and astonish the rest." And this is the philosophy behind everything that they do.

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If you are ready to speak with a consultant about different business insurance options available, simply enter your details in the form. Keep reading if you want to learn more about the different types of cover available.

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Berkley Management Liability Insurance

Berkley Insurance Australia’s Management Liability Insurance is designed to protect a company and its directors and officers against claims arising out of wrongful acts committed during the management of the company.

Cover includes:

  • Legal costs associated with OH&S inquiries
  • Fines and penalties
  • General inquiry costs resulting from an investigation
  • Employment-related discrimination, harassment, bullying and wrongful dismissal
  • Discrimination or sexual harassment of third parties by company employees
  • Pollution defence costs
  • Automatic Retired Director or Officer cover for 84 months if cover is not replaced
  • Advances for defence of claims
  • Emergency defence costs

  • Crisis costs and PR expenses
  • Automatic Outside Directorship cover for not-for-profit boards
  • Superannuation trustees liability cover
  • Extradition bail bond costs
  • Run-off cover in a takeover or merger
  • Spousal, estates, heirs and legal representatives liability
  • Tax audit costs
  • Attendance compensation
  • Internet liability
  • Employee theft and third party crime.

Professional Indemnity Insurance

Berkley Insurance Australia’s Professional Indemnity Insurance protects business professionals against claims for financial loss arising out of an alleged act, error or omission on their part.

Cover includes:
  • Court costs and legal advice
  • Employment practices liability
  • Fidelity cover for loss of finances for which they are legally liable
  • Negligence claims arising from alleged errors or incorrect advice
  • Civil liability claims resulting from their business activities
  • Infringement of intellectual property rights, including copyright and trademark infringements
  • Fines and penalties for breaches of Occupational Health & Safety or environmental legislation
  • Defamation, libel or slander
  • Loss of documents for which they are legally responsible
  • Run-off cover to cover claims that may arise at a later date
  • Public relations expenses to protect damaged reputations
  • Costs associated with any investigations and enquiries.

Public and Products Liability Insurance

Berkley Insurance Australia’s Public/Products Liability Insurance protects the insured against claims arising from personal injury or property damage occurring in connection with the business.

Cover includes:
  • Sums payable for compensation arising from an occurrence connected with the business
  • Sums payable for compensation for injury or damage caused by any product
  • Defence costs and expenses
  • Costs of court attendance
  • Indemnity to other persons
  • Cross liabilities.
Personal injury to a third party includes:
  • Death, injury, illness, disease, disability, mental anguish or mental injury
  • Wrongful detention or imprisonment
  • Wrongful eviction
  • Assault or battery
  • Libel, slander, defamation of character or invasion of privacy.
Property damage includes:
  • Physical loss or destruction of tangible property
  • Loss of use of tangible property due to physical damage or physical damage to other tangible property.

Motor Insurance

Berkley Insurance Australia’s Motor Insurance covers commercial vehicles anywhere in Australia, with comprehensive cover for heavy motor, sedan, light commercial and mobile plant.

Coverage includes:
  • Legal costs
  • Coverage for an employer’s losses
  • Coverage for an employee’s vehicle
  • Coverage for third party property damage
  • Coverage for goods falling, loading or unloading
  • Dangerous goods coverage up to $5 million for one accidental event.

Policy limits are up to $2 million per vehicle/combined vehicle, with $15 million aggregate per location and liability up to $35 million, with dangerous goods at $5 million.

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

At Berkley Insurance Australia, their claims philosophy is a simple one: ‘Play fair and pay early’. They believe the true value of an insurance product is how you’re treated when it comes time to make a claim. And because of this, they endeavour to handle all claims professionally and efficiently to minimise the financial and reputational impact on their clients.

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 Berkley Insurance Australia’s claims department as soon as possible on 1300 783 593.

Compare Business Insurance Options from Berkley

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.

Speak with an adviser about getting Berkley Business Insurance today

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