The team at Crucial Insurance and Risk Advisers are excited to announce that we are finalists for a number of major Advsir awards. According to Advisr, the Advisr Insurance Broker Awards 2022 “... recognise insurance brokers and brokerages in 10 categories. In each category, the winners are those … [Read more...] about Best Business Insurance Broker of 2022? Crucial Insurance is a Finalist for Major Advisr Awards
During the financial year 2020-21, a cyberattack was reported to the Australian Cyber Security Centre (ACSC) every eight minutes, making Australia one of the most targeted nations in the world. During this period, an estimated 67,500 cybersecurity incidents were reported, a 13 percent spike from the … [Read more...] about 5 Ways Cyber-attacks can Impact Australian Businesses and how to Prevent Them
A recent study by IBM found that the average cost of a data breach in Australia is now 4.1 million dollars, up from 4 million dollars in 2021. In fact, if you're an Australian business reading this article, do you know that there is a 30 percent chance you will suffer a data breach? These … [Read more...] about Optus Won’t Be The Last: Why Data Security is of the Utmost Importance for Your Business in Australia
We’d like to introduce you to the newest member of our team, Daniel Weir! Daniel’s extensive experience and knowledge in the commercial insurance brokerage space will be of tremendous benefit to our new and existing clients. As an Account Executive, he will be helping our clients with risk … [Read more...] about Welcome to the team, Daniel!
In the past two years, many business owners have experienced significant premium increases as their businesses rely more on the use of sub-contractors to keep up with increasing demand in a tight employment market. Since the arrival of COVID-19 and its various lockdowns, our clients have been … [Read more...] about Why Sub-contractors Can Massively Blow Out Your Liability Insurance Premiums
Australia, like most world economies, is facing record levels of inflation owing to the compounding impacts of the COVID-19 pandemic, disrupted supply chains, the surge in energy prices and severe weather and climate change events. Recently, the Australian Bureau of Statistics reported the annual … [Read more...] about A Closer Look at the Impact of Inflation on Commercial Insurance
As you probably know, running a business successfully in today’s volatile market is not always an easy feat. During this period, the importance of asset protection and a robust coverage plan for businesses have become even more pertinent. However, we are currently in a hard insurance market with … [Read more...] about Insurance Woes? Here’s Why You Might Consider a Discretionary Trust
Insurance premiums are rising, and based on current global challenges, inflation and instability in the market, this may continue over the course of the next few years - some sources are even reporting an upcoming super cycle for insurance premiums. This being said, however, we continue to remind … [Read more...] about How to leverage a Protective Cell Company (PCC) to your Advantage