Margin Clause: What is it?
How could a margin clause affect your business? A margin clause is a nonstandard commercial property insurance provision. When a margin clause is in force it states that the most the insured can collect for a loss at a given location is a specified percentage of the values reported for that location on the insured’s […]
Reefer Trucks: Risk Management Tips
Reefer Truck Risk Management Reefer trucks are essential for delivering temperature-sensitive products safely, and refrigerated products no longer include only food. Properly maintaining a reefer unit is the key to delivering an undamaged product, whether it is perishable food, sensitive electronic equipment or medical supplies. Carrying refrigerated cargo can be especially dangerous because if the […]
CASL News – CRTC Issues $1.1 Million Penalty
CASL News – CRTC Issues $1.1 Million Penalty On July 1, 2014, the provisions of Canada’s Anti-Spam Legislation (CASL) that regulate commercial electronic messages (CEMs) came into force. What this means is that in order to send a commercial electronic message (CEM) you now need to prove that you have the recipient’s consent. A March 5, […]
What P&C Demutualization Might Mean…
What P&C Demutualization Might Mean… A March 24, 2015 media statement by the Canadian Association of Mutual Insurance Companies (CAMIC) poses the question: What might the Federal Government’s proposed demutualization rules for P&C insurers mean for policyholders?1 How Demutualization Works The International Risk Management Institute defines demutualization as a “process in which a mutual insurer […]
Soft Insurance Market Forecast for 2015
Soft Insurance Market Forecast for 2015 At the start of a new fiscal year, reviewing insurance and other ongoing expense lines is as important as setting new revenue targets. According to research by The Precept Group Inc., the 2015 forecast for a soft insurance market means that prices will be relatively stable, and for large […]
Away 4 Days? Get Unoccupied Property Insurance
Away For 4 Days? Get Unoccupied Property Insurance. As your business needs evolve, so may your property requirements. If your company is moving operations between cities, one or more of your locations may be unoccupied for a short or extended period of time. According to the International Risk Management Institute (IRMI), “A vacant building contains […]
Business Continuity Planning: Are You Prepared if Disaster Strikes?
Business Continuity Planning From fires to floods, earthquakes to tornadoes, disaster can strike anytime, anywhere, and often with little to no advance warning. Try to imagine the challenges your business would face in the wake of a natural disaster. It’s scary to even consider. Now here’s something even scarier: A relatively minor fire or flood […]
Copyright Insurance And Business Intellectual Property
Copyright Insurance And Business Intellectual Property A copyright is the legal protection granted by the government to an author. In the case of works created by an employee during the course of his or her job, the copyright would belong to the employer. Intellectual property refers to the many intangible assets of a business, such […]
ALIGNED Insurance Acquisition is Making Headlines!
ALIGNED Insurance Acquisition is Making Headlines! Below is a recent Business Insurance Magazine article on the recent ALIGNED Insurance Acquisition “One brokerage has taken a giant leap forward jumpstarting its organic growth with the purchase of more than 650 commercial clients. ALIGNED Insurance Inc. a commercial insurance brokerage with offices in Vancouver, Calgary, Toronto & […]
Surety Bond: What is it?
What is a surety bond? A surety bond is a promise or guarantee backed by a surety company. How is a surety bond different from an insurance policy? Insurance is a two party contract between the insured and the insurer (insurance company). The point of this contract is a promise that the insured will be […]
ALIGNED Insurance BrokersAcquires Over 650 Clients Through Recent Asset Purchase
ALIGNED Insurance Acquires Over 650 Clients Through Recent Asset Purchase Toronto, ON – ALIGNED Insurance Inc. (ALIGNED), a leading commercial insurance brokerage with offices in Vancouver, Calgary, Toronto & Waterloo has announced today the purchase of over 650 commercial clients and over 850 commercial policies through an asset purchase which was completed Dec 31, 2014. […]
Trademark Insurance 101
Trademark Insurance 101 A trademark is a mark that is used by a person for the purpose of distinguishing wares or services manufactured, sold, leased, hired, or otherwise entered into commerce from others in the marketplace. Canadian federal law and common law allow for the protection of trademarks. Intellectual property refers to the many intangible […]
Business Auto Insurance 101 – Mandatory Standards
Business Auto Insurance 101 – Do You Meet Mandatory Standards? Putting an employee behind the wheel to deliver products, drive to a client meeting or perform other business activities also puts your organization at risk. If you’re assessing mandatory and optional business auto insurance coverage options and limits for your business, we can help. Comprehensive […]
Cyber Risk Is Trending
Cyber Risk Is Trending While the decision to limit distribution of The Interview was quickly reversed, Sony Pictures, actors, filmmakers, producers, online channels and media retailers all share an acute awareness of cyber risks. And although consumers are now free to download, stream or purchase a copy of The Interview, the delay of this Hollywood […]
Laura Van Vliet, CIP, CRM Joins The ALIGNED Insurance Team
lLaura Van Vliet, CIP, CRM Joins The ALIGNED Insurance Team We are pleased to announce that Laura Van Vliet has joined ALIGNED Insurance Inc. as an advocate working out of the Toronto office and National Operations Centre in Waterloo. Laura brings over 4 years of commercial Property & Casualty insurance experience. Laura started her insurance career in 2011, where she was recruited […]