Nominations are now open for CRM Brokers Client Services Manager of the Year Award As a specialist insurance broker for the building services industry, CRM Brokers has been working with members of the BSCAA (and previous associations) since 1998. To continue our support of the industry,...
Lock down your online security today CRM Brokers is a proud partner of Stay Smart Online, an Australian Government program that provides simple and easy-to-understand advice about online safety. This year in Stay Smart Online Week, we don’t just want to raise awareness, we want to change...
Water Damage Can Be Avoided Managing common claims and understanding the Owners Committee’s responsibility can be complex. Did you know that water damage is one of the most common causes of strata claims? Many of these claims can however be avoided with a good preventative maintenance...
What insurance cover does a growing business need? One of the drawbacks to owning a growing business is having more at stake. An expanding business is likely to be having dealings with an ever-increasing number of individuals, getting involved in a wider range of commercial activities,...
Are sub-contractors covered by the Professional Indemnity (PI) policy? In many Professional Indemnity policies sub-contractors themselves will not be included within the scope of cover. The Insured is typically covered for their vicarious liability due to the actions that the sub-contractors undertake on their behalf. What this...
CRM Brokers announce the 2018 Strata Services Business Award On Friday 3rd of August, the strata industry gathered together at the Four Seasons Hotel for the annual SCA (NSW) CHU Strata Community Awards. The independent judging panel commented on the number of entries and high quality of submissions...
Management Liability at a Glance There has never been a more challenging time to run a business. We understand that keeping abreast of all the legislation, from employment law to work health and safety is demanding, regardless of the size of a business. And despite best...
Cyber Safety at Tax Time Tax time is not just a busy time for individuals and small businesses, but also a prime time for cybercriminals. Scammers are becoming more sophisticated, so sometimes it can be hard to know whether a message is really from the Australian Taxation...
Fire Risks and Aluminium Composite Panel (ACP) In recent years, there have been several incidents, both locally and internationally, that have brought the use of ACP (aluminium composite panels) into the public spotlight. The Lacrosse Building in Docklands Victoria and the Grenfell Tower in London have...
Finalists Announced for the Strata Services Business Award This year the SCA (NSW) received a record number of entries for the CHU Strata Community Awards. The Strata Services Business Award is designed to recognise excellence in performance of Strata Services. It specifically recognises a business that has...
Providing Insurance for Existing Structures When insuring existing structures which form part of a construction project, brokers risk exposing themselves to providing uninformed advice and thus a professional negligence claim. There are a number of common mistakes often made in the consideration of such insurance –...
Are Strata Plans Eligible for Stamp Duty Exemptions? One of the most common questions we have received after the announcement of the NSW Small Business Stamp Duty Exemptions, has been whether or not strata plans are eligible. For the purposes of the Exemptions, Revenue NSW has stated that...
Rising Strata Insurance Premium - Is It Manageable? You may be aware that strata insurance premiums have started creeping up since last year. Strata insurers have advised us that market conditions and the other contributing factors such as changes in underwriting guidelines, CPI, increasing reinsurance costs and rising...
Issues found by Loss Adjusters and how to avoid them Most common issues found by a Loss Adjuster when assessing a claim 1. Inadequacy of Sums Insured, particularly in Business Interruption sections 2. Lack of early mitigation strategies 3. Delay’s in Insured’s providing necessary documentation to progress claim 4. Underlying...
Not sure about your Building Sum Insured? We often discuss the importance of having the correct Building Sum Insured on your insurance policy, and understand that obtaining a professional valuation every year may not be feasible. Determining the level of insurance required for a property can be...
Human error is as great of a cyber risk as a malicious attack The Office of the Australian Information Commissioner (OAIC) has released its first quarterly (Jan-Mar) report into notifiable data breaches, which shows 63 reported breaches since the scheme began on 22 February 2018. This statistic...
Home Building Amendment (Cladding) Regulation 2018 The NSW Government released the Home Building Amendment (Cladding) Regulation 2018 on April 20. The Amendment inserts a new Clause (69A Major defect in building—external cladding) which updates the definition of "major defect" in section 18E (4) of the Home Building Act 1989 (NSW)...