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...

NSW Fair Trading has issued important information about safety in the home The advice from NSW Fair Trading reminds occupants or lot owners to report any "tingle" or "shock" when touching anything electrical, to a strata manager, strata committee or landlord immediately. They then shift the...

Certifiers temporarily permitted to have cladding exclusion on insurance The NSW Government has amended the Building Professionals Regulation to ensure that building certifiers can continue to operate. Certifiers are required by NSW law to hold professional indemnity insurance, without exclusions or conditions, as a pre-requisite for accreditation,...

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...

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...

The Importance of Professional Indemnity Construction industry professionals such as Contractors and Builders who provide design or other professional services in addition to or as part of their construction activities for clients, assume the additional responsibilities and liabilities of a design professional. Claims against Design &...

ARE YOU PUZZLED BY YOUR CLEANERS INSURANCE? CRM Brokers is a leading Australian insurance broker specialising in the building services industry since 1999. Since that time, the industry has evolved and so too has our insurance solutions. CRM Brokers' Cleaners' Bucket insurance program mixes Public, Product and...

Does your Professional Indemnity policy wording suit your business? Not all strata businesses are alike. And not all professional indemnity policies are alike. For instance, let’s say you’re an Authorised Representative (providing insurance general product advice) and your staff are Sub-Authorised Representatives also providing general product advice. Does...