Whether you sell products directly to consumers or manufacture them, you may be wondering: who will be liable should the end consumers’ rights be breached? Would it be the responsibility of the supplier/retailer, or manufacturer? And how will this work from an insurance perspective? For example, … [Read more...] about The Supplier or Manufacturer – Who is Liable, and What Type of Insurance Should you Obtain?
Exciting news! The team at Crucial Insurance has been awarded as excellence awardees for three of Insurance Business Australia’s coveted Insurance Business Awards. As excellence awardees, we have been shortlisted for the following three categories: Brokerage of the Year (1-5 staff) Young Gun … [Read more...] about Crucial Insurance are Excellence Awardees for Insurance Business Awards
If you are a builder considering Cyber Insurance, or upgrading your current Builders Insurance policies to include Cyber Insurance, now might be the time to do so. The Australian Cyber Security Centre (ACSC) has reported a growing trend of cybercriminals attacking building and construction … [Read more...] about Builders under attack! Warning from Australian Cyber Security Centre
The team at Crucial Insurance and Risk Advisors would like to give a tremendous thank you to both the National Insurance Brokers Association (NIBA) and our clients for helping us win both of the coveted 2021 NIBA Broker Awards for Queensland. At Crucial Insurance, we have a unique approach to our … [Read more...] about NIBA Broker Awards: Crucial Insurance Wins Both Awards for Queensland
As the world continues to be affected by the COVID-19 pandemic, Australian businesses are finding different ways to both survive in the market and recoup any losses directly associated with the coronavirus. One way businesses are working to recoup losses is through their Business Interruption … [Read more...] about COVID-19 Insurance Update: Small Businesses Take on QBE and Lloyds
If you have Business Interruption Insurance cover, you may not realise that it normally does not extend to Machinery and Equipment Breakdown Insurance. Typically, the policy will only be triggered if there is a loss of income pertaining to property damage. This could be disastrous for many … [Read more...] about Think Machinery Breakdown is Automatically Covered by Business Interruption Insurance? Think Again.
Every business is evolving, especially in this current market. It’s important to remember that as your business adapts to the market, so should your insurance policies. Seemingly simple errors such as a lapse in an insurance policy can even lead to the quick demise of large, well established … [Read more...] about How Policy Reviews Can Prevent You From Closing Business or Losing Revenue
Being underinsured for assets is a growing concern for businesses throughout Australia. As world events continue to negatively impact the economy, it comes at no surprise that businesses are looking for numerous ways to cut costs. This is particularly true when it comes to cutting investment in … [Read more...] about Are you Insured for Full Value? If Not, You Could Lose Hundreds of Thousands of Dollars