Recently CHU Underwriting Agencies and Flex Insurance distributed an important update for their strata insurance policyholders in relation to workers compensation, which we have published below with their permission. Strata Community Insurance has confirmed that Workers Compensation is available through their strata insurance policy in Western...

Boost your business’s cybersecurity with the ACSC’s refreshed guide and new video In light of the rising number and complexity of cyber security attacks, it is critical to stay informed and implement proactive steps to protect your business. The Australian Cyber Security Centre (ACSC) has recently introduced...

CHU and FLEX have announced that their strata and build to rent portfolios will be entering the ARPC Cyclone Reinsurance Pool in July 2023. This measure will assist property owners with affordability and access to suitable insurance products. CHU’s residential and commercial strata portfolios, FLEX’s strata...

The theme for this year's Privacy Awareness Week, organised by the Office of the Australian Information Commissioner (OAIC), is 'back to basics.' The message behind the theme is that while our information and technology landscape has got a lot more complicated, privacy remains fundamental. And that...

We're excited to celebrate the successes of the strata industry during the upcoming Strata Community CHU Awards for Excellence. The annual Awards Night recognises and rewards businesses and individuals who have made significant contributions to the strata industry and community across eleven categories. We at CRM Brokers...

Ken Masina Joins Industry Panel to Discuss Strata Insurance As a panellist at the Johns Lyng Group and Lannock Strata Finance Networking Event, Ken Masina, Head of Claims at CRM Brokers, engaged with other industry experts, including Chris Frazer and Melissa Gallagher, in a discussion about...

Why a 12-month insurance policy is beneficial for Owners Corporations With increased costs of living at the forefront of everyone’s mind, we have recently had some requests from Owners Corporations for insurance policy periods of less than twelve months as a way to manage their expenses. When...

Carpet is a popular flooring option for many Australians, and this is no exception in strata properties. However, most lot owners don’t understand why Residential Strata Insurance policies do not include coverage for carpet damage inside the lot. Strata insurance is designed to provide cover for...

In December 2022, we wrote about the Change to the CHU Strata Policy Excess. Since then, SUU has communicated a similar policy for properties in NSW, QLD, ACT, and NT with a building sum insured of less than $100 million. Changes to SUU Standard Excess We communicate with...

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. Whilst it is commonplace for insurers to communicate the importance of adequate levels of insurance, this message is more critical...

We would like to take this opportunity to wish our valued clients a happy and prosperous year! In the coming year the CRM Brokers team will continue to offer the high-quality broking and claims management services for which we are known. Additionally, in 2023 we will...

Insurance Tip - Building Defects A proactive approach to defect identification and rectification benefits all parties involved placing the insurance to protect a property. Being on top of defects and ensuring that Owners Corporations have a plan in place to resolve them will improve insurance coverage and...

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...

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...