How can cladding affect your insurance claim? Cladding is considered a popular material used to cover a building’s external wall or roof due to its light weight, architectural features, resistance to corrosion and many other benefits. A cladding material currently in focus is Aluminium Composite Panels...
Risk Factors impacting your Home Warranty premium The NSW Government is reforming the Home Building Compensation Fund (HBCF), commonly known as Home Warranty or Builders Warranty, to improve customer protection, improve competition in the market and make the scheme sustainable for the NSW home building sector....
Nominations are now open for CRM Brokers Client Services Manager of the Year Award The CRM Brokers Client Services Manager Award is designed to recognise excellence in performance of a cleaning or security Client Services Manager . The size of the company is irrelevant in the judging...
Understanding how the various sections of a Strata Insurance policy respond to a claim is paramount, as it could affect your chances of making a successful claim. In general, a Strata Insurance policy consists of the following sections:- Building Liability Fidelity Guarantee Office Bearers Liability Voluntary...
Updates from Insurers on the collection of ESL Insurers are moving as quickly as they can to reinstate the collection of the emergency services levy (ESL) on insurance premiums for property located in NSW. This is taking some time, as the government’s decision to defer the...
Automatic Terrorism Cover for strata buildings. The Australia's Terrorism Insurance Scheme was originally designed to provide automatic Terrorism cover for commercial buildings only under the Terrorism Insurance Act 2003 subject to a Terrorism Levy. As a consequence, sizeable residential strata buildings which are located and/or surrounded...
Strata Building Defect Bond Scheme Deferred Until 2018 NSW Fair Trading has officially deferred the building defect bond scheme. The scheme will now only apply to construction contracts signed (or where there is no contract and building work commences) from 1st of January 2018. Fair Trading announced...
Latest Cyber-Attack is an Important Reminder to Patch Operating Systems & Software Headlines over the weekend contained a timely reminder of the real threat that cyber-attacks pose to business. A large scale ransomware campaign spread to over 200,000 computers across 150 countries in a matter of...
The Importance of Professional Indemnity Construction industry professionals such as Contractors and Builders who provide design or other professional services in addition to or as part of their construction activities for clients, assume the additional responsibilities and liabilities of a design professional. Claims against Design &...
Australia's leading industry event for Architecture, Building, Construction & Design For over three decades, DesignBUILD has supported leaders in the world of architecture, building, construction and design. The event provides attendees with the opportunity to explore cutting-edge ideas, make new industry connections and start their own creative collaborations...
ARE YOU PUZZLED BY YOUR CLEANERS INSURANCE? CRM Brokers is a leading Australian insurance broker specialising in the building services industry since 1999. Since that time, the industry has evolved and so too has our insurance solutions. CRM Brokers' Cleaners' Bucket insurance program mixes Public, Product and...
Asbestos Register: Important requirements for Strata Managers Not all Strata Managers or Owners Corporations may be aware of the requirements under the Work Health and Safety Act 2011 where there is Asbestos presence at the premises they manage. An integral part of CRM Brokers' role is to...
Mandatory Data Breach Notifications and Your Business The Federal Government has recently passed the Bill which will make mandatory data breach notifications a legal obligation for organisations with responsibilities under the Privacy Act. Organisations that may comply with the legislation included businesses with over $3 million in turnover and...
AND…WE’RE OFF! DATA BREACH NOTIFICATION BECOMES AUSTRALIAN LAW The Federal Government has recently passed the Bill which will make mandatory data breach notifications a legal obligation for organisations with responsibilities under the Privacy Act. Organisations that may comply with the legislation included businesses with over $3 million in turnover...
Strata Managers can now add Public Liability & Management Liability to their Professional Indemnity insurance program [vc_separator type="normal" thickness="3"] Strata Managers often focus on the tangible exposures that they deal with on a day to day basis, however, managing all business risks is critical and often liability exposures are left...
Home Building Compensation Fund (HBCF) Reform The NSW Government is reforming the Home Building Compensation Fund (HBCF), commonly known as Home Warranty or Builders Warranty, to improve customer protection, improve competition in the market and make the scheme sustainable for the NSW home building sector. The premium...
