Business Insurance Broker Sydney

In an unpredictable market, the last thing you want to worry about is being incorrectly insured. We help Sydney-based companies access the right insurance while avoiding unnecessary costs. We also negotiate claims. We are a fully licensed, AFSL insurance brokerage who work for our clients, not the insurers. Call us on 1300 400 707 or fill in the form to speak to an experienced Sydney business insurance broker.

If you are a Sydney-based company, the last thing you want is to be uninsured when things go wrong, or to be paying too much for insurance policies that aren’t relevant to your business. We help Sydney businesses avoid unnecessary risks and expenses by helping them access suitable insurance policies for their needs and budget.

Crucial Insurance is a multi-award winning business insurance broker

niba award
2020 top insurance broker medal given by Advisr
QLD 2020 top insurance broker medal
2020 top thought leader medal from Advisr
2020 top specialist insurance broker
2020 top insurance broker rated by customers award medal

Business Insurance premiums are rising. Here’s how we’ll help you

It’s clear that world events have sparked the rise in insurance premiums not only in Australia, but around the world. As we are now in a hard market, insurers are now more conservative with their policies, and premiums have been increasing to record highs. This rise in premiums has not left Sydney companies unaffected, with some businesses even requiring to close shop.

But this doesn’t always have to be the case.

At Crucial Insurance, we are experts in helping companies find both traditional and hard-to-find insurance policies. We are also passionate about helping our clients reduce their premiums while still accessing the right forms of cover for their needs. From small businesses to publicly listed companies, we have extensive experience in solving insurance challenges.

One major advantage we have over many Sydney business insurance brokers in the market is that we are an Australian Financial Services License holder. This means we are regularly audited to ensure we provide a high level of skill with an exceptional level of integrity and service.

Business Insurance Broker in Sydney - why choose us?

Your insurance shouldn’t be left to chance. With the number of cookie cutter insurance policies being advertised in the market, it’s important to choose risk advisors who can filter through the complicated ‘insurance speak’ for you.

Here are just some reasons why our clients choose us:

Transparent advisory: no frills. Just great advice, placing your needs first

We’ve won awards for outstanding brokerage

We have years of experience in claims management and negotiate with insurers on your behalf

We help business find hard-to-place insurance options using our national and international insurer network

We’re proactive in our approach

Types of Business Insurance - Sydney

Please note that this is not an extensive list. Do not let this list overwhelm you - certain types of insurance may only be ideal for certain types of Sydney businesses. Please contact us to discuss your business insurance requirements.

Business Insurance (Sydney)

A comprehensive Business Insurance Package policy can protect businesses against unforeseen losses. It provides multiple forms of coverage within one combined policy which saves you time and money.

Public Liability Insurance

Public Liability Insurance can protect you in the case that someone makes a claim against your business due to negligence, or if someone is injured in your premises.

See also: Public Liability Insurance (Sydney)

Professional indemnity insurance

Provide advice for a fee? Professional Indemnity Insurance protects your business from claims made by your clients and customers against you as a result of the advice that you provide them.

Directors and Officers Insurance (D&O Insurance)

At a glance, D&O Insurance can protect you and/or your company’s leaders and private assets from claims that arise as a result of decisions made during their duties. For example, D&O Insurance can protect business leaders against claims made as a result of allegations of wrongful acts, mismanagement of process, insolvencies, failures to comply with government regulation and laws, settlements as a result of litigation, claims made by competitors and much more.

IT Liability Insurance

IT Liability Insurance is designed to protect you against the numerous risks you may face when you are working as an IT-related professional. The main advantages of a specialist IT Liability Insurance policy is that it combines both Professional Indemnity and Public and Product Liability coverage under the one insurance policy which avoids any gaps in coverage if the two policies are placed with separate insurers.

Business Interruption Insurance

Business Interruption Insurance helps protect your business against unforeseen circumstances that negatively affect your profitability. This could include property related events such as fire and storm, cyber events, product recalls, machinery breakdown and more.

Cyber Insurance

Cyber Insurance is not an option, but a must for all businesses. As a business, you are open to cyber and spyware attacks that could result in significant losses of profit, breach of privacy regulations and more. The right Cyber Insurance policy can provide you with a safety net against these risks.

Mining Contractors Insurance

Many mining contractors provide essential services to mines including engineering, machining, fabrication, line boring, shutdown maintenance and more. It is crucial that your insurance protection is designed to extend coverage to all these business activities. Mining Contractors Insurance provides you with the protection you need should things turn for the worse. Mining Contractors Insurance often consists of two main insurance policies: Professional Indemnity Insurance and Public Liability Insurance.

Construction Insurance

Construction Insurance provides protection for builders during the period of construction and for your broader business activities as a builder. It is an essential form of protection to ensure your assets and liability are properly insured. A comprehensive Construction and Builders Insurance policy provides protection for assets during the construction period and protects your business against any legal liability claims which arise as a result of the construction project.

See also: Construction Insurance (Sydney)

Alternative Insurance Solutions

We also provide expert advice in the following areas:

- Discretionary Trusts

- Captive Insurance

- Self-Insurance

- Extended Warranty Programs

- Expat Travel Insurance

- IPO Insurance

These are just some examples of ways insurance could protect your business. Contact us to see which policies and solutions could be most beneficial for your situation.

Sydney economic snapshot

According to the City of Sydney’s economic development strategy, in 2018/19, around $140 billion was generated within Sydney city, representing over 7% of Australia's economy. Despite the growth of business districts such as North Sydney, Parramatta, Macquarie Park, Olympic Park and the growth corridor to the north-west, the City of Sydney has maintained its pre-eminent role. The number of cities in the city of Sydney grew by 4,000 between 2007 and 2017.

According to economy.id, Sydney city has:

  • - A GRP of 130.22 billion
  • - 664,850 local jobs
  • - 73, 934 local businesses

The largest industries are professional, scientific and technical services.

Although enduring several hardships over the years, Sydney remains a thriving and robust city. As the capital of New South Wales, Sydney is famous worldwide for its iconic destinations such as the Sydney Harbour Bridge, Bondi Beach, the Sydney Opera House, the fish market, as well as its colourful fashion, sporting and arts scenes.

No matter the size of your Sydney business, it is important that you are adequately insured against catastrophes. From the recent COVID-19 pandemic, to natural disasters and the threat of upcoming economic challenges, it is clear that we live in an unpredictable market. Securing the right insurance at the right price is one crucial way of safeguarding against such risks.

Do you need a Sydney business insurance broker you can trust? Speak to an experienced specialist today.