BikeExchange Goes Public
We’d like to give a big congratulations to our long term client, BikeExchange, for the successful completion of its initial public offering. Now listed on the Australian Securities Exchange (ASX) under the code BEX, the company’s ambition is “to help as many people around the world to purchase a bike […]
Read MoreD&O Premiums are Rising. Here’s What Directors Need to Know
There’s no doubt that insurance premiums are on the rise. This is particularly true for Director’s and Officer’s (D&O) Insurance. See also: How to Avoid Rising Costs of Insurance Premiums. According to research quoted by the Australian Financial Review, “D&O premiums increased on average by 229 per cent for ASX […]
Read MoreWelcoming Our New Account Manager
The team at Crucial Insurance would like to congratulate Alishia Oliver on her recent promotion to Account Manager. Having been with the company for over a year, it is clear that Alishia consistently has our clients’ interests at heart. From helping with claims to reducing premiums, Alishia’s proactive approach to […]
Read MoreIs Australia Next? Britain’s Court Rules QBE Liable for COVID-19 Claims
Hundreds of thousands of small businesses in the UK are expected to be receiving Business Interruption payouts after a ‘historic victory’. Britain’s Supreme Court has ruled against QBE, requiring the insurer to pay out a number of claims related to COVID-19 losses. The main point of contention was in relation […]
Read MoreWe Haven’t felt the Full Impact of La Niña yet – is it Time to Relax?
Previously, I spoke about how, in terms of insurance, businesses can prepare for wet weather events like La Niña. Even if La Niña has not yet translated into wet conditions over the spring season, businesses should still be vigilant over the coming months. A Niña is a phenomenon associated with […]
Read MoreUPDATE: COVID-19 Business Interruption Test Case – NSW Court of Appeal Rules Against Insurers
NSW Court of Appeal rules against the insurers and in the favour of policyholders. This article is an update from our previous article – Business Interruption Insurance, COVID-19 – is it worth making a test claim? Here, we mentioned the NSW Court of Appeal was due to hear a test […]
Read MoreThis Company Just Lost $8.7 Million From a Cyber Attack. Could This Happen to You?
The Australian Financial Review recently reported how a fake Zoom invite led to the demise of Sydney-based hedge fund Levitas Capital. It was reported that after one of the fund’s co-founders opened the Zoom link, a hacker was able to send off a series of fake invoices on behalf of […]
Read MoreWinners – Top Insurance Broker of the Year
I’m proud to announce some great news: we’ve just won the Advisr Top Australian Insurance Broker 2020 award, as well as the Top Insurance Broker by Australian State (Queensland). We are also finalists for: Top Specialist Broker Top Thought Leader Top Brokerage (<20 Staff) Top Rated by Customers Click here […]
Read MoreCrucial Insurance is a Finalist for Multiple Insurance Broker Awards
We’re excited to announce that we are now finalists for multiple categories in the ‘Advisr Insurance Broker Awards 2020’. The Advisr Insurance Broker Awards are designed to recognise Australia’s best insurance brokers and brokerages across 10 categories. The nominated insurance brokers are judged in terms of thought leadership, professional profile […]
Read MoreBusiness Insurance Premiums are Skyrocketing. Here are 4 Easy Ways to Avoid Rising Costs
As the world braces itself with natural disasters, pandemics and uncertain market conditions, many Australian businesses are feeling the strengthening pinch of insurance premiums – there have been reports, for example, of excesses increasing from $100,000 to $250,000 and premiums from $224,000 to $757,000. As a result of this, some […]
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