Back in May 2022, we wrote about Why are Strata Insurance Excesses Increasing and discussed standard minimum excesses being increased to $1,000 across a number of insurers. Recently CHU Underwriting Agencies distributed an important update for their policyholders in relation to this, which we have...
Steadfast Group has provided the following article in relation to the emerging risk businesses face from cyber-attacks. Five ways to help protect yourself and your business from a cyber-attack The recent cyber-attacks on Optus and Medibank Private compromised personal information from around 14 million customer accounts. At the same time,...
Make time this Cyber Monday to consider your cyber exposure The Insurance Council of Australia's Report; Cyber Insurance: Protecting our way of life, in a digital world describes a cyber risk as "the risk posed to a business by a data breach or network compromise. These can...
With recent escalations in inflation have you considered if your property is underinsured? Recent escalations in construction costs mean that if your property has not been valued in the past 12 months, there is a likelihood it is underinsured. The importance of having adequate levels of insurance...
CRM Brokers wishes you and your family a very Merry Christmas and we look forward to seeing you in the New Year [vc_row][vc_column width='2/3'] CRM Brokers offices will close for Christmas and New Year on Tuesday 20th of December 2022 at 5pm. Our offices will reopen on...
Scams Awareness Week 2022 CRM Brokers is proud to support Scams Awareness Week (7–11 November 2022). Scams Awareness Week is an annual campaign hosted by the ACCC and the Scams Awareness Network, which raises awareness about common scams and offers tips on how people can protect...
Construction Law Review Please refer below to our Construction Law Review, selected from AR Conolly’s Daily Bulletins covering Insurance, Banking, Construction & Government. Boulus Constructions Pty Ltd v Warrumbungle Shire Council [2022] NSWSC 1368 Supreme Court of New South Wales Stevenson J Construction - cross-claimant seeks to introduce claim for breach of statutory duty...
Construction Law Review Please refer below to our Construction Law Review, selected from AR Conolly’s Daily Bulletins covering Insurance, Banking, Construction & Government. Keegan v Ballast Point Pty Ltd [2022] NSWCA 179 Supreme Court of New South Wales - Court of Appeal Meagher, Brereton, Kirk JJA Construction - residential building contract - appellant owner...
CRM Brokers announce the Strata Services Business Award 2022 On Friday 29 July, the strata industry gathered at The Star for the annual SCA (NSW) CHU Strata Community Awards. When presenting the CRM Brokers’ Strata Services Business Award, Damien Coorey, affirmed our commitment to the strata industry...
Preparing for wet weather Wet weather conditions are here to stay this winter. For large parts of Queensland and NSW, summer 2021-22 was non-stop rain. With the La Nina effect continuing in the tropical Pacific, there is a chance the east coast of Australia is in for...
Construction Law Review Please refer below to our Construction Law Review, selected from AR Conolly’s Daily Bulletins covering Insurance, Banking, Construction & Government. Warburton v County Construction (NSW) Pty Ltd [2022] NSWSC 941 Supreme Court of New South Wales Black J Construction - contract - damages - defects - plaintiffs claim damages against the...
Finalists Announced for the Strata Services Business Award The independent judging process has been finalised and the results are in! Congratulations to the following finalists for CRM Brokers sponsored Strata Services Business Award. Clean Green Strata Facilities Management Strata Energy Services The Shower Repair Centre The winner...
There is a common misconception that there is no risk to an insured where they subcontract activities out. Liability Underwriter, Gavin Boyle from Solution Underwriting Agency, busts the myth and explains how your client can best protect themselves. Subcontractors: What's the Risk? A subcontractor is an independent...
Claims Procedures for Strata Managers The Strata Manager is to complete the online Strata Claims Notification Form or email their completed form to [email protected]. A CRM Brokers' Claims officer will assess the submission prior to lodging the claim with the insurer. The insurer upon receipt of the claim...
Why are strata insurance excesses increasing? A trend found across strata insurance (both for new business and renewals) is that there’s an increasing number of insurers raising their standard minimum excess, so that it is now $1,000 for all claims. The common factors amongst underwriting agencies use...
We decided to have a look back on the year that was. Twenty21. [vc_row][vc_column width='2/3'][vc_separator type="transparent"]CRM Brokers’ reputation for professionalism and high-quality service had been reinforced by industry leaders, having chosen us as both the winner of the QBE Insurance Brokerage of the Year (20+ staff)...
Protecting privacy, building trust, block by block Privacy Awareness Week is about the simple foundations we can put in place to protect our personal information. Good privacy practices will help your business build and maintain the community’s trust in how you handle their personal information. These fundamentals...
The Importance of Maintenance in Strata Buildings Steadfast Group has provided feedback on a common theme that keeps re-emerging in Residential Strata claims. A poor standard of maintenance and known maintenance defects are a major contributor to or cause of losses, particularly in older strata buildings. This...
It's once again time to celebrate the achievements of the businesses and individuals in the strata industry SCA (NSW) recognises excellence in the NSW strata industry at the Annual CHU Strata Community Awards for Excellence. Across eleven categories, the annual Awards recognises and rewards businesses and individuals...
What’s the difference in the way insurers treat storms and flood? There’s a difference in the way insurers treat claims related to storm water and floodwater. As such, it’s important property and business owners understand this difference, should they experience either of these events. This differential...