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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We’re Finalists for Three Awards!
We are thrilled to announce that we are finalists in three categories at the Advisr Insurance Broker Awards! Our Managing Director, Tony Venning, has been nominated for two individual awards: ‘Top Insurance Broker or AR by Australian State’ and ‘Top Thought Leader.’ These nominations underscore his visionary leadership and his […]
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Financial Planners Insurance: Smart Strategies for Success
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 increase in claims and […]
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Are you Prepared for Bushfire Season? Here are 5 Ways to Prepare
By now we’ve all seen the news of recent bushfires plaguing Australia. Thousands of people have been evacuated, homes and businesses have been destroyed and most devastatingly people have lost their lives. The kicker: it’s only the start of bushfire season. Hot, dry weather brought by an El Nino weather […]
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