UPDATE: 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 […]
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This 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 […]
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Winners – 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 […]
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Crucial 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 […]
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Business 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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La Niña 2020: Insurance for Cyclones & Wet Weather Events Before It’s Too Late. Don’t be left uninsured!
La Niña has been declared and far North Queensland is bracing itself for an increased risk of tropical cyclones. Named after the Spanish term ‘little girl’, the last La Niña event occurred from 2010-2012 and resulted in one of the wettest two year periods on record. During this period there […]
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Insurances needed for companies: how do I know if I have enough?
How to ensure your company is not underinsured A risk many Australian companies face is the fact that they may not have the appropriate business insurance cover when the worst possible circumstances take place. But how do you minimise being underinsured? How do you know if ‘enough’ insurance is enough […]
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Hiring a contractor instead of an employee – which is better from an insurance perspective? This answer may concern you.
If you’re a growing business, you’ve probably considered whether you should hire a new employee or engage a contractor. For many businesses who are cash or time poor, hiring a contractor may be the more appealing decision. But from an insurance perspective, is it the right one? Imagine the following […]
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6 Quick Tips on Managing your Mining Contractors: Insurance & Risks
Being a mining contractor can be a risky business. Below are some tips on how to best manage your insurance and risks when providing services as a mining contractor. 1. Ensure your business activities are correctly disclosed to your Insurer One of the most common mistakes we see mining contractors […]
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UPDATE: Business interruption insurance, COVID-19 – is it even worth making a claim? Get the honest facts.
There are significant developments in respect to Business Interruption Insurance coverage for loss of income due to COVID-19 lockdowns. As recently reported in the Australian Financial Review, the Australian insurance sector is potentially facing a $1 billion exposure to COVID-19 losses. With the Victorian Andrews government enforced lockdowns continuing to […]
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