E&O Insurance 101
E&O Insurance 101 Does Our Company Need E&O Insurance Coverage?Professional liability insurance aka E&O insurance is a type of liability coverage designed to protect all sorts of professionals including accountants, lawyers, mortgage brokers, human resource consultants, management consultants, architects, engineers etc. against liability incurred as a result of errors and/or omissions in performing their professional services […]
ALIGNED is Hiring Sales Professionals!
Position: Sales Professional ALIGNED is actively looking for growth focused, entrepreneurial minded people who are interested in being part of a winning culture and rapidly growing team. Q: Every Brokerage Is Looking For Good Sales Professionals So Why Would I Choose ALIGNED? A: Our Fee For Service / 0% Commission model is the cornerstone of how we […]
Consulting Company Insurance
Consulting Company Insurance Overview Description of operations: Consultants offer a wide range of advice and services for just about any type of industry or operation. Consultants specialize in a particular area of expertise. They normally are considered “independent contractors”. One of the most common services that a consultant provides is research and information on a […]
Director and Officer Insurance 101
Director and Officer Insurance (D&O) Definition: Director and officer insurance is a type of liability insurance covering director and officer for claims made against them while serving on a board of directors and/or as an officer. Director and officer insurance can be written to cover the director and officer of publicly traded companies, privately held firms, not-for-profit organizations, […]
Claims Made Insurance vs. Per Occurrence Insurance
Claims-Made Insurance vs. Per Occurrence Insurance Claims-Made Insurance vs. Per Occurrence Insurance is an important distinction. All property and casualty (P&C) insurance policies fall into two categories: claims-made and occurrence policies. Whether your coverage is claims-made insurance vs. per occurrence insurance determines: Whether or not your policy will respond to a claim What your company’s […]
Employment Practices Liability (EPL) Insurance
What is Employment Practices Liability insurance and why do we need it? Employment practices liability insurance is a type of liability insurance covering wrongful acts arising from the employment process. The most frequent types of claims covered under such policies include: Wrongful termination Discrimination Sexual harassment Retaliation What else does Employment Practices Liability policy commonly […]
Liability Insurance For Your Business Explained
General Liability Insurance 101 One of the best ways to effectively protect your business assets from litigation is to carry adequate commercial general liability insurance coverage. Commercial general liability insurance protects your business from damages caused by bodily injury or property damage for which your business is found to be legally liable. What Does General Liability […]
Directors & Officers Insurance Explained
Directors & Officers Insurance Explained In today’s business climate of corporate transparency and accountability, an organization’s officers and directors face a myriad of employment-related exposures. Regulatory mandates and shareholder activism mean directors and officers are more frequently at risk, translating to rising directors & officers’ insurance claims and escalating settlement costs. In the wake of […]
Join The ALIGNED Team!
Position: Insurance Producers ALIGNED is actively looking for growth focused, entrepreneurial minded people who are interested in being part of a winning culture and rapidly growing team. Q: Every Brokerage Is Looking For Good Insurance Producers So Why Would I Choose ALIGNED? A: Our Fee For Service / 0% Commission model is the cornerstone of […]
Intellectual Property 101
Intellectual Property 101 Intellectual property refers to the intangible assets of a business, including patents, copyrights, trademarks and trade secrets. Intellectual property assets are often the most valuable and least understood assets of a corporation. This piece is intended to provide a basic understanding of intellectual property, but should not be considered legal advice in anyway. […]
Workplace Violence Prevention & Employers Liability
Workplace Violence Prevention Tips & Employers Liability According to a Statistics Canada study, there is an average of 14 Canadian workplace homicides each year. While shocking and tragic, it is unlikely that workplace violence will end in homicide. Instead, it serves as a reminder of the possible consequences of unchecked violent behaviour in the workplace. […]
Business Interruption Insurance Explained
Business Interruption Insurance Explained If a fire causes the facility to be temporarily unusable, what would you do next? Ideally, you would move to a temporary location while your permanent place of business is being repaired. Yet, traditional Property Insurance does not cover this move or a loss of income when a business must temporarily […]
CASL Compliance Toolkit Available
CASL Compliance On July 1, 2014, most provisions of Canada’s Anti-Spam Legislation (CASL) will come into force. The purpose of this law, in part, is to regulate unsolicited commercial electronic messages (CEMs), commonly referred to as “spam.” If your company sends CEMs, you should take note of the law and examine the effect it may […]
Fleet vs. Individually Rated Commercial Auto Insurance
Fleet Insurance vs. Individually Rated Commercial Auto (IRCA) Insurance? There are 2 categories of insurance for vehicles registered in a company name: Fleet and Individually Rated Commercial Auto (IRCA). Fleet insurance is typically defined as any policy with 5 or more vehicles registered in a company name. Pricing for fleet insurance varies and is negotiated by the […]
Retroactive Insurance Explained
Wondering what is retroactive insurance in Canada? And how it works? Read on… Retroactive insurance is purchased to cover a loss after it has occurred. For example, retroactive insurance may cover incurred but not reported (IBNR) claims for companies that were once self-insured. When underwriting a retroactive insurance policy an estimate of the liability for claim-generating […]