Massive data breach hits Australia A third party IT contractor breach has exposed 50,000 Australian personal records including full names, passwords, IDs, phone numbers, and email addresses as well as some credit card numbers and details on staff salaries and expenses. Human error is again the...
Stay Smart Online Week: Simple Steps to Online Safety CRM Brokers is encouraging its clients to make internet safety a top priority, by partnering with Stay Smart Online to promote to Stay Smart Online Week. The Theme for the tenth annual event is ‘simple steps to online...
What is a Hold Harmless Clause? In this update we look at a particular type of indemnity clause known as a “hold harmless clause” and what implications such clauses have for liability insurance coverage. We often come across indemnity clauses in contracts which require one contracting party...
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...
Ten-point plan for fire safety reforms Responding to the issues around London’s Grenfell Tower fire, the NSW Government announced a Ten-point plan to ensure unsafe building products are taken off the shelves, buildings with cladding are identified and notified and that only people with the right...
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...
Australians Urged To Apply Latest Software Update Amidst Ransomware Attacks Stay Smart Online issued a HIGH PRIORITY Alert on this matter on the 28th of June. The Alert includes simple steps that organisations (including small businesses) and home users can take to reduce their risk of...
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...
How businesses can mitigate their loss in the event of a Cyber-Attack Did you know that if you have a turnover of less than $3M (with no online sales) and Annual transactions and records up to 10,000, you could be eligibility for an affordable stand-alone Cyber Insurance Policy? Two simple...
Fire & Emergency Services Levy Deferred Indefinitely [vc_row row_type='section' type='grid' text_align='left' video='show_video' video_overlay='show_video_overlay' video_webm='' video_mp4='' video_ogv='' video_image='' background_color='' border_color='' padding='' padding_top_bottom=''][vc_column width='1/1'] UPDATE: 22 June 2017 - A new and necessary piece of legislation (Emergency Services Levy Bill 2017) had been issued on 22 June 2017 which required...
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...
How to prepare for unexpected risks: A business survival guide Most small business owners are born optimists. After all, why take the plunge unless you’re confident you can stay afloat? But positive thinking can only take you so far. To succeed in business and stay on...
