2024 Insurance Market Recap: Trends, Challenges and Opportunities
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 this mean for you? Here’s an overview of the […]
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Elevate Your Career: Join Crucial Insurance and Risk Advisors
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 options Unlock Your Potential At Crucial Insurance and Risk Advisors, […]
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Mining Contractors: Avoid Severe Financial Consequences With Combined Liability Insurance
In certain industries—especially high-risk sectors such as mining, construction and engineering—businesses often find themselves in a unique position. They sell or build a product but are also tasked with designing a unique solution that goes beyond the scope of the product itself. For example, imagine a mining contractor selling heavy […]
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Cyber Insurance and Professional Indemnity Insurance: Understanding Their Importance and Differences
In this digital age, it is almost impossible to avoid both professional and cyber risks. Claims related to professional negligence and the effects of cyber crime can severely impact your financial stability and reputation. When it comes to choosing your insurance, how do you protect yourself against these risks? Is […]
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WHS Fines Insurance Banned in New South Wales, Victoria – and Now, Queensland. Here’s What You Need To Know
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 prohibitions. While businesses can no longer secure insurance […]
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What happens if I don’t have professional indemnity insurance?
Is Professional Indemnity Insurance compulsory for your business in Australia? There’s no doubt that insurance plays a pivotal role in safeguarding your professional integrity and financial security. Among the various types of Business Insurance, Professional Indemnity (PI) Insurance stands out for its critical importance to professionals across numerous industries. PI […]
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Public Liability vs Professional Indemnity Insurance: Which Should You Get?
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 tarnish your reputation. Despite their importance, many individuals find it challenging […]
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Deepfake Deception: A $39 Million Scam Unveils the Dark Side of AI in Cybersecurity
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 scam, which employed artificial intelligence to orchestrate a […]
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Merry Christmas, and a Happy 2024!
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 throughout […]
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We Won Top Queensland Insurance Broker!
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 ever-evolving insurance landscape. […]
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