In today's equipment-intensive buildings, ensuring comprehensive protection against the costs of unforeseen breakdowns is paramount. The increasing integration of technology into our daily lives, exemplified by the rise of electric vehicle charging stations within buildings, has heightened the exposure to potential risks and underscores the...
The rising trend of Electric Vehicle (EV) sales is crucial to Australia's commitment in achieving net zero emissions by 2050. According to the National Electric Vehicle Strategy, up to 80% of EV charging takes place at home. As a result, the increased number of EVs...
CRM Brokers announce the Strata Services Business Award 2022 On Friday 29 July, the strata industry gathered at The Star for the annual SCA (NSW) CHU Strata Community Awards. When presenting the CRM Brokers’ Strata Services Business Award, Damien Coorey, affirmed our commitment to the strata industry...
What a La Niña event means for property and business insurance The Bureau of Meteorology (BOM) recently declared Australia is on La Niña watch, which means we may be in for another extremely wet summer. Australia is well known for its extreme weather conditions. Bushfires. Floods. Cyclones....
CRM Brokers announce the Strata Services Business Award 2021 On Thursday, 25 November, the strata industry checked in to the Hyatt Regency for the annual SCA (NSW) CHU Strata Community Awards. Presenting the CRM Brokers’ Strata Services Business Award, Gordon Bell, Chief Operating Officer, commented on the...
Supporting Strata Managers as Insurers’ Risk Appetites Tighten Over the past twelve months, the Australian strata insurance market has experienced several significant catastrophes, including a global pandemic. This, coupled with the continuing risk of non-conforming cladding and a widespread concern around defects and a lack of...
CRM Brokers announce the Strata Services Business Award 2020 On Friday 23rd of October, the strata industry gathered at the Hyatt Regency for the annual SCA (NSW) CHU Strata Community Awards which was also live streamed online. The CRM Brokers’ sponsored Strata Services Business Award is designed...
How does the NSW Emergency Services Levy (ESL) affect your Strata Insurance Premium As Insurers update their contributions for the NSW Emergency Services Levy (ESL), we feel it is a timely reminder to keep Strata Managers informed of the changes that will impact insurance premiums. What is...
New process for lodgement of strata building bonds NSW Fair Trading has provided an update on the new process for lodgement of strata building bonds. Starting 1 September 2020, there is a new process for the lodgement of the 2% strata building bond. Lodgement is to be...
Voluntary Workers: At A Glance Even before COVID-19 impacted us all, Owners Corporations would be, from time-to-time, looking for ways to save some money. This often was in the form of residents volunteering to complete simple tasks around the property. Lately, we have received an increased number...
General advice on temporary business closures during COVID-19 With many COVID-19 government restrictions now in place, we recognise the challenges faced by our clients as buildings are forced to either close or operate in a limited capacity into the foreseeable future. From a risk management perspective, Zurich...
Christian Lingga discusses the importance of disclosure at the Safe Cladding, Buildings and Façade Innovation Summit On 26th of February, an insurance panel hosted as part of the Safe Cladding, Buildings and Façade Innovation Summit in Sydney. The panel, titled; "The current landscape for insurance of the...
Christian Lingga announced as a speaker at the Safe Buildings and Defects Management Summit From cracking residential properties to widespread cases of combustible external cladding, building defects have become an all-too-familiar item in newspaper headlines. The extent of the problem has affected public confidence in the industry,...
CRM Brokers announce the 2019 Strata Services Business Award On Friday 26th of July, the strata industry gathered together at The Star for the annual SCA (NSW) CHU Strata Community Awards. The independent judging panel of academics and industry stakeholders were thoroughly impressed with the number of entries...
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...
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...
Strata Reforms: Considering Reinstatement Costs Strata reforms have a significant impact on the value a building is insured. As of 30 November 2016, Strata Managers will need to consider replacement and reinstatement costs, not just replacement costs as per the previous Act. What are reinstatement costs? Reinstatement costs...
Strata Reforms: Fact or Myth? The new strata law reforms are designed to bring strata laws up to date with modern times, covering a broad range of topics from pet ownership to the length of strata management contracts. We have previously covered some of those changes...
CRM Brokers' Claims Team is here to assist The Bureau of Meteorology has broadcast a severe weather warning for New South Wales with damaging winds and heavy rain expected to develop before the long weekend. If you have an incident occur, please contact us immediately on 1300...
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...