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BIA Introduces Combined Indemnity and Liability Insurance on Digital Platform

New Product Aims to Simplify Policy Management for Australian Businesses

BIA Introduces Combined Indemnity and Liability Insurance on Digital Platform?w=400

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Berkley Insurance Australia (BIA) has announced the launch of a combined professional indemnity (PI) and public liability (PL) insurance product, available through the Steadfast Client Trading Platform (SCTP) starting June 1.
This initiative aims to streamline policy management for brokers and address potential coverage gaps that may arise from holding separate policies across different insurers.

The integration of PI and PL coverage into a single product offers several benefits for businesses. By consolidating these essential coverages, businesses can simplify their insurance portfolios, potentially reducing administrative burdens and ensuring more comprehensive protection against a range of risks.

For small business owners, tradies, sole traders, event organisers, and contractors, this development presents an opportunity to reassess their current insurance arrangements. Exploring combined coverage options may lead to more efficient policy management and enhanced protection tailored to their specific needs.

In summary, BIA's introduction of a combined indemnity and liability insurance product on a digital platform reflects the industry's ongoing efforts to innovate and provide solutions that meet the evolving needs of Australian businesses.

Published:Sunday, 31st May 2026
Author: Paige Estritori

Please Note: We do not endorse any specific products or companies. Some content is sourced from third parties, including press releases, and may not be independently verified for accuracy or completeness.

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Knowledgebase
Subrogation:
An insurance carrier may reserve the "right of subrogation" in the event of a loss. This means that the company may choose to take action to recover the amount of a claim paid to a covered insured if the loss was caused by a third party.

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