The Australian insurance market in 2024 experienced a stabilisation in premium rates and increased competition across many insurance classes. This year also saw a resurgence in insurer profitability, driven by higher investment returns amid a favourable economic environment. But what does … [Read more...] about 2024 Insurance Market Recap: Trends, Challenges and Opportunities
We're happy to announce new positions at Crucial Insurance and Risk Advisors. Want to join our team? Here's what you can get: ✅ Competitive base salary with industry-leading renumeration model ✅ Challenging but highly rewarding career path ✅ Flexible work … [Read more...] about Elevate Your Career: Join Crucial Insurance and Risk Advisors
In an important legislative update, Queensland has recently made it illegal to insure against fines related to Work Health and Safety (WHS) contraventions. This change, announced in March of 2024, aligns Queensland with several other states in Australia that have introduced similar … [Read more...] about WHS Fines Insurance Banned in New South Wales, Victoria – and Now, Queensland. Here’s What You Need To Know
Understanding the difference between Public Liability Insurance and Professional Indemnity Insurance is crucial for any business owner or professional. These insurance policies serve as a safety net, providing protection against claims that could potentially cripple your financial standing or … [Read more...] about Public Liability vs Professional Indemnity Insurance: Which Should You Get?
In a stunning demonstration of the evolving landscape of cybercrime, a finance worker at a multinational firm in Hong Kong was deceived into transferring a staggering 200 million Hong Kong dollars (approximately $39 million Australian dollars) to fraudsters employing deepfake technology. This … [Read more...] about Deepfake Deception: A $39 Million Scam Unveils the Dark Side of AI in Cybersecurity
As the festive season approaches, we at Crucial Insurance and Risk Advisors want to take a moment to extend our warmest wishes to you and your loved ones. This time of year is a wonderful opportunity for reflection and gratitude. We are incredibly thankful for your trust and partnership … [Read more...] about Merry Christmas, and a Happy 2024!
We are both excited and deeply honoured to have won the 'Top Queensland Insurance Broker' award and to be finalists in multiple other categories at the Advisr Insurance Broker Awards. These recognitions are incredibly meaningful to us, reflecting the dedication and commitment of our team in the … [Read more...] about We Won Top Queensland Insurance Broker!
Financial Planners have had numerous challenges in recent years as a result of intensified compliance, levy’s, advisors leaving the industry and the cost and availability of insurance. In recent years, we have seen major insurers remove themselves from the Financial Planners PI Market due to an … [Read more...] about Financial Planners Insurance: Smart Strategies for Success