Dealing with Rising Reinsurance Costs During Flood Season
The catastrophic floods that affected south-east Queensland and NSW in 2022 were the fourth costliest global disaster of the year. Devastating homes and businesses across the country, the record rains resulted in twenty-three deaths, and cost Australians billions in insurance claims. Throughout the year, continuous smaller flood events added to […]
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Merry Christmas! Plus Our Christmas Availability
As we approach the end of the year, we would like to take this opportunity to express our gratitude for your continued business and support. It has been an absolute pleasure working with you in 2022, and we are grateful for the trust you have placed in us to help […]
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Best Business Insurance Broker in Queensland? Crucial Insurance Has Won Multiple Advisr Awards!
It’s been an exciting year for Crucial Insurance and Risk Advisors, and we’re thrilled to announce that we’ve won multiple awards at the Advisr Insurance Broker Awards 2022. Our Managing Director, Tony Venning, was awarded the Top Insurance Broker in Queensland award, as well as the Top Thought Leader award. […]
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Best Business Insurance Broker of 2022? Crucial Insurance is a Finalist for Major Advisr Awards
The team at Crucial Insurance and Risk Advisers are excited to announce that we are finalists for a number of major Advsir awards. According to Advisr, the Advisr Insurance Broker Awards 2022 “… recognise insurance brokers and brokerages in 10 categories. In each category, the winners are those who are […]
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5 Ways Cyber-attacks can Impact Australian Businesses and how to Prevent Them
During the financial year 2020-21, a cyberattack was reported to the Australian Cyber Security Centre (ACSC) every eight minutes, making Australia one of the most targeted nations in the world. During this period, an estimated 67,500 cybersecurity incidents were reported, a 13 percent spike from the previous year. Furthermore, the […]
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Optus Won’t Be The Last: Why Data Security is of the Utmost Importance for Your Business in Australia
A recent study by IBM found that the average cost of a data breach in Australia is now 4.1 million dollars, up from 4 million dollars in 2021. In fact, if you’re an Australian business reading this article, do you know that there is a 30 percent chance you will […]
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Welcome to the team, Daniel!
We’d like to introduce you to the newest member of our team, Daniel Weir! Daniel’s extensive experience and knowledge in the commercial insurance brokerage space will be of tremendous benefit to our new and existing clients. As an Account Executive, he will be helping our clients with risk profiling, insurance […]
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Why Sub-contractors Can Massively Blow Out Your Liability Insurance Premiums
In the past two years, many business owners have experienced significant premium increases as their businesses rely more on the use of sub-contractors to keep up with increasing demand in a tight employment market. Since the arrival of COVID-19 and its various lockdowns, our clients have been telling us their […]
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A Closer Look at the Impact of Inflation on Commercial Insurance
Australia, like most world economies, is facing record levels of inflation owing to the compounding impacts of the COVID-19 pandemic, disrupted supply chains, the surge in energy prices and severe weather and climate change events. Recently, the Australian Bureau of Statistics reported the annual Australian inflation rate at 6.1 percent […]
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Insurance Woes? Here’s Why You Might Consider a Discretionary Trust
As you probably know, running a business successfully in today’s volatile market is not always an easy feat. During this period, the importance of asset protection and a robust coverage plan for businesses have become even more pertinent. However, we are currently in a hard insurance market with premiums in […]
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