A raft of new legislation came in force earlier this year, aimed at improving regulation in the residential building industry. The legislation has far-reaching implications and will impose new obligations on builders, developers, designers, product manufacturers & suppliers, certifiers, installers, sub-contractors, supervisors, etc; particularly in...
On 11 June 2020 new legislation came in force aimed at improving regulation in the residential building industry. The legislation has far-reaching implications and will impose new obligations on builders, developers, designers, product manufacturers & suppliers, certifiers, installers, sub-contractors, supervisors, etc; particularly in regards to...
New Workplace Safety Laws prohibit insurance against WHS fines The enforceability of insurance policies to cover Work Health and Safety (WHS) fines has often been a topic of discussion. As of 10 June 2020, insurance and indemnity arrangements for WHS fines are now prohibited in New...
Why Claims Matter to Brokers Many insurance brokerages say they understand the importance of having a prompt and efficient claims service. Then, a major loss occurs and reality kicks in. The broker’s claims team become distracted and are busy coping with a high volume of new,...
Finity Insurance Market Report - May 2020 We are pleased to share with you the third edition of the Finity Insurance Market Report, which has been produced exclusively for the Steadfast broker network by Finity Consulting. This report provides an update on the Australian insurance market with...
Professional Development: Wet Area Waterproofing Code Requirements and Common Defects Today we welcomed Mark Williamson of CRD Building Consultants & Engineers to our office to discuss common defects found with Wet Area Waterproofing with our claim and strata teams. Waterproofing materials and techniques along with general building methods...
Contractual Insurance Clauses – Is Erect Safe still good law? Introduction It is often the case in multi-party claims that a contractual relationship will exist between one or more defendants or third parties. Where those arrangements are reduced to writing, the contract will almost invariably contain insurance...
Finity Market Report - November 2019 [vc_row][vc_column width='2/3']Following the successful launch of the Insurance Market Report in April, CRM Brokers is pleased to share the second edition, again produced by Finity Consulting. This report provides an update on the Australian insurance market with insight into current capacity...
Public Liability circa 2000s revisited? The answers to today’s problem may lie in the past. It seems like a lifetime ago when the cleaning industry was going through one of its worst periods in relation to the purchasing and renewal of public liability insurance. I remember it well. ...
Finity Market Report [vc_row][vc_column width='2/3']Approaching the halfway point of the year, we are seeing the insurance market shift from a ‘soft’ to a ‘hard’ market. Factors like significant losses, particularly due to a due to a string of natural disasters, and economic conditions can lead the market...
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...
Who would you turn to if you were asked to...
Why you need Professional Indemnity Insurance Sometimes, it’s not a matter of whether or not you think you have erred in the course of your “professional” duty, but whether another party thinks you have, causing them to suffer a financial loss. That’s where Professional Indemnity insurance steps...