BIA's New Combined Indemnity and Liability Insurance Now Available
Streamlined Coverage for Professionals Through Steadfast Platform
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Berkley Insurance Australia (BIA) has announced the launch of a combined professional indemnity (PI) and public liability (PL) insurance product, set to be available from June 1 through the Steadfast Client Trading Platform (SCTP).
This initiative aims to simplify the insurance process for brokers and their clients by offering a unified policy that addresses both professional and public liability risks.
The new combined product will be accessible for both new and renewing policies, expanding BIA's existing offerings on the SCTP, where it currently serves as a primary market for professional indemnity insurance. By integrating PI and PL coverage into a single policy, BIA seeks to reduce administrative complexities and potential coverage gaps that can arise when managing separate policies across different insurers.
Key benefits of this combined policy include expedited processing times, localised support, competitive commission structures, and high coverage limits. BIA emphasises its commitment to supporting brokers within the Steadfast network and indicates that further product developments are under consideration to enhance service delivery.
For brokers interested in this combined offering or seeking access to SCTP resources, BIA encourages direct engagement with local underwriters or visiting the insurer's website for more information.
This development aligns with BIA's broader strategy to streamline risk solutions for intermediaries, reflecting a proactive approach to addressing the evolving needs of professionals seeking comprehensive and efficient insurance coverage.
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