Business Property Insurance Explained
Business Property Insurance Def: A business property insurance policy is for businesses and other organizations that insures against damage to their buildings and contents due to a covered cause of loss, such as a fire, flood, earthquake & wind (Click Here For Real Canadian Claims Examples). The policy may also cover loss of income or increase in expenses that results […]
SMB Risk Management: Top 3 Threats to Small Business Owners
Small Business Risk Management: Top 3 Threats to Small Business Owner Running a business is complicated and there are many threats facing small business owners, but there are also some simple strategies they can take to identify and manage key risks. Optimism is the fuel that drives the entrepreneurial spirit, so it isn’t surprising that […]
Commercial Green Insurance?
Commercial Green Insurance Explained Upgrading to “green” is a still a relatively new, but increasingly popular, phenomenon and your commercial policies probably don’t specifically address “commercial green insurance” related risks or indicate whether or not they are covered on your commercial property or commercial general liability insurance programs. Commercial Green Insurance For Commercial Property One option/extension […]
Not For Profit Directors and Officers Insurance Explained
Not For Profit Directors and Officers Insurance Explained In today’s climate of transparency and accountability, an organization’s officers and directors face a myriad of exposures. Regulatory mandates, stakeholder & donor activism mean directors are more frequently at risk, translating to rising claims and escalating settlement costs. In the wake of unprecedented scandals in recent years, clearly […]
Data Breach Risk Management 101
Data Breach Risk Management 101 In late 2013, Target, the large American retailer, was the victim of a massive data breach that affected as many as 110 million customers. Cyber attackers installed malicious software on point-of-sale devices at Target stores and were able to steal the financial information of 40 million customers and the personal […]
Umbrella Insurance Explained
Understanding Umbrella Insurance Like an umbrella that protects you from the rain, an umbrella insurance policy provides an extra layer of insurance coverage over your standard liability policies. It protects your assets by kicking in when your primary commercial general liability coverage is exhausted. Buying umbrella liability insurance or excess liability insurance layers is like building […]
Employee Training Alert: Mississauga, ON Company Fined $160,000
Employee Training Alert: Mississauga, ON Company Fined $160,000 for Inadequate Employee Training A Mississauga, ON company was fined $160,000 in June 2014 after failing to provide sufficient employee training on how to safety disband, position and move steel coils, which resulted in the death of an employee. The incident happened in August 2010, when a worker […]
Auto Insurance By Province
Auto Insurance By Province Auto insurance for individuals and companies is mandatory in every Canadian province and territory. However, each province’s auto insurance requirements for mandatory coverage vary. British Columbia – Insurance Corporation of British Columbia (ICBC), Saskatchewan – Saskatchewan Government Insurance (SGI) and Manitoba – Manitoba Public Insurance, require that primary auto insurance be sold […]
Reps and Warranties Insurance Explained
Reps and Warranties Insurance Explained Q: What is Reps and Warranties Insurance? A: Inaccuracies in representations and warranties made by the seller or the target company in connection with a merger or acquisition can result in costly liabilities. Without reps and warranties, insurance buyers can be left without the ability to recover losses and sellers can be forced […]
Foreign Operations Insurance Explained
Foreign Operations Insurance In simple terms, doing business internationally is part of sustaining Canada’s economy especially in an increasingly global economy. If doing business abroad is part of your company’s current or future growth strategy, understanding the scope foreign operations insurance that is available for international business is critical to protecting corporate assets, minimizing fines & […]
