Strata committees often ask why the presence of outstanding defects or maintenance issues affects the number of insurers that are willing to provide a quote. When we discuss defects, we are referring to an element of the building with a design flaw, poor workmanship, or inferior...
Earlier this year we wrote an article about high-risk tenants for strata and property owners. In this article we highlighted that the appetite in the insurance market for tobacco retailers was low. Due to the well-publicised increase in violent attacks on premises occupied by tobacco...
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 Friday 20th of December 2024 at 5pm. Our offices will reopen on...
At CRM Brokers, we are committed to making our client's claims experience as smooth as possible. In recent times, we have noticed an increasing trend of Police Reference/Event Numbers missing with claims lodgements, which can significantly delay the claims process. Reporting certain incidents to police as...
What is underinsurance? Underinsurance is a preventable but often devastating consequence of not insuring your businesses assets or income for the full replacement value if an Insured Event were to occur. There are many ways you can be underinsured, but a few which can be more...
Celebrating Excellence at the 2024 Strata Community CHU Awards The Strata Community CHU Awards Night once again proved to be a spectacular celebration of excellence in the strata industry. CRM Brokers is proud to continue its sponsorship of the Strata Services Business Award. We extend our warmest...
In recent years, Australia has experienced a surge in fires linked to lithium-ion batteries, with devastating consequences for residents and their property. Residents of strata buildings are particularly vulnerable to these fires due to the high density of occupants and shared spaces. The once innocuous lithium-ion...
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. Danrae Group Strata Energy Services Synergy Asset Services The winner will be announced at...
CRM Brokers specialises in helping Owners Corporations secure the most appropriate strata insurance, even in challenging situations such as extensive claims history, building defects and maintenance issues. Here are some recent examples that showcase how we've helped Strata Managers and Owners achieve successful outcomes, even when...
Managing your financial obligations is crucial for an owners corporation. Regular expenses, including insurance premiums, can strain cash flow and limit your ability to make necessary upgrades or investments into the property. Premium funding offers a cost-effective way to spread your strata insurance premium over...
It's once again time to celebrate the achievements of the businesses and individuals in the strata industry We're excited to celebrate the successes of the strata industry during the upcoming Strata Community CHU Awards for Excellence. Across eleven categories, the annual awards night recognises businesses and individuals...
Power Up Your Privacy The privacy and technology landscape is changing – now is a critical time for organisations to get privacy right. CRM Brokers is proud to support Privacy Awareness Week (6 to 12 May 2024), an annual campaign led in Australia by the Office of...
Simply put, underinsurance occurs when the sums insured are not sufficient to cover property in the event of a loss. In our previous article we addressed the importance of obtaining an accurate building valuation to ensure that the insurance coverage aligns with the actual rebuilding...
While securing appropriate insurance coverage is fundamental for strata property, the significance of having the correct building sums insured can often be overlooked. In this article, we address the importance of obtaining an accurate building valuation to ensure that the insurance coverage aligns with the actual...
In today's rapidly evolving cyber threat landscape, cybercriminals are constantly seeking new ways to exploit vulnerabilities. One emerging trend is the use of Generative Artificial Intelligence (AI) to create sophisticated and personalised attacks. In this article we will explore the growing threat of AI assisted...
When it comes to insuring properties with commercial tenants, regardless of whether they are strata or non-strata, the activities of the tenants play a key role in determining acceptance. It’s important for strata managers and property owners alike to have a clear understanding of the...
The growing popularity of e-bikes and e-scooters has increased concerns among strata property owners and tenants about the heightened fire risk linked to faulty Lithium-ion batteries. This surge in popularity calls for a closer examination of risk management related to these items. In January 2024, investigators...
In our ongoing commitment to keeping clients well-informed, we're delighted to share an insightful article from Berkley Insurance Australia and republished with their permission. This article highlights the difference between costs inclusive and costs exclusive excesses, and costs exclusive and costs inclusive indemnity limits. Understanding these features...
CRM Brokers is proud to support Scams Awareness Week and this year's campaign with the focus on impersonation scams. Approximately 80% of all scams reported to Scamwatch include some form of impersonation of a legitimate entity. Scammers can impersonate any organisation or brand and impersonation...
NSW Premier, Chris Minns, is set to eliminate the Emergency Services Levy (ESL) on New South Wales property insurance, in an effort to create a fairer system for policyholders. “Reforming the Emergency Services levy is not easy, but it’s the right thing to do,” Premier Chris...