ALIGNMENT Matters [issue 6]

alignment matters

ALIGNMENT Matters [issue 6] Risk 101: retention, transfer, control & avoidance how to’s… We’ve filled this 6th issue of ALIGNMENT Matters with a number of insights about the process of managing business risk, such as: [retention] 4 Types Of Risk Management [transfer] The ART Of Risk Transfer [control]10 Ways To Manage Cyber Security [avoid] Adding Up The Total […]

A Real Canadian Expense Fraud Claim

Expense Fraud Claim

A Real Canadian Expense Fraud Claim The thought of an employee stealing from their employer is enough to keep any business leader awake at night. And with a study finding that “smaller organizations with fewer than 100 employees accounted for almost 43 per cent of those experiencing fraud losses of $150,000” 1 leaders have reasons […]

Replacement Cost vs. Actual Cash Value

replacement cost

Replacement Cost vs. Actual Cash Value Replacement cost is a property insurance term that refers to one of the two primary valuation methods for establishing the value of the insured property for purposes of determining the amount the insurer will pay in the event of a loss. It is usually defined in the policy as […]

Joint Venture: ALIGNED’s Term of the Day

joint venture

Joint Venture: ALIGNED’s Term of the Day One word can have many different meanings. That’s why ALIGNED is committed to helping demystify the often complex terms commonly found in business insurance policies. By helping to bring clarity to insurance terms, we’re working to align our understanding of risks, coverages and policies with the needs of […]

Hull and Machinery Insurance Explained

Hull and Machinery Insurance Explained - ALIGNED Insurance Brokers

What is Hull and Machinery Insurance? Just as the comprehensive coverage in auto insurance protects the insured individuals against physical damage to their cars, so does hull and machinery insurance provide physical damage protection for the ships or vessels and the machinery which is part of them. Since the soundness and normal operation of the […]

Business Interruption Coverage 101

Business Interruption Coverage 101

Business Interruption Coverage The idea of losing a property to fire or water damage is a frightening thought for any business owner. In the event that fire or water damages or destroys your facility, ideally you will move operations to a new location while repairs are being made. Did you know that traditional property insurance […]

Does an Additional Insured Belong on Your Umbrella?

umbrella

Does an Additional Insured Belong on Your Umbrella? It’s a regular occurrence for contractors: You receive a request from another party (an owner, general contractor, lien holder, other contractor, or a government entity) to add them as  an additional insured on your insurance policies. Whether that’s a good idea is up to you — but […]

How Telematics Devices Are Driving Discounts

telematics devices

How Telematics Devices Are Driving Discounts Ever wonder what happens while your company drivers are on the road? Looking for new ways to monitor and manage the cost of insuring a fleet of commercial vehicles? If professional drivers keep your business rolling, telematics devices now offer you new, real-time insights into ways to manage and […]

Protection and Indemnity Insurance Explained

P&I insurance

What is Protection and Indemnity Insurance? Protection and Indemnity Insurance is liability insurance for practically all maritime liability risks associated with the operation of a vessel, other than that covered under a workers compensation policy and under the collision clause in a hull policy. There is no standard Protection and Indemnity insurance form. Each Protection and Indemnity insurance policy […]

ALIGNED Insurance Proudly Supports Right To Play

Right to play

ALIGNED Insurance Proudly Supports Right To Play Canada ALIGNED Insurance believes that it is a privilege to handle our clients insurance needs and that it is our corporate social responsibility to give generously and regularly to support the great work charitable and not profits organizations do every day across Canada. As part of our commitment to give regularly, every […]

Tech Errors and Omissions Insurance Explained

Tech Errors and Omissions Insurance Explained

Tech Errors and Omissions Insurance Explained Every business has unique risks that can seriously harm an organization’s operations if it is not properly protected. As a business using or “manufacturing”  technology to produce and deliver products and/or services, it’s important to recognize and take precautions against risks that your Commercial General Liability coverage doesn’t include. Technology […]

How A Payroll Endorsement Can Help Your Business

payroll endorsement

Business Interrupted? How A Payroll Endorsement Can Help. Ordinary payroll is typically defined as the entire expense of payroll for all employees of an insured entity, except officers, executives, department managers and employees who are under contract. All such payroll is covered as a necessary expense in the event of a catastrophic loss under a […]

Aging Workforce? 10 Ways To Keep Employees Safe

aging workforce

Aging Workforce? 10 Ways To Keep Employees Safe The demographics of the Canadian workforce has changed and multiple generations find themselves working together. Many business leaders recognize the value of older, experienced workers and are encouraging would-be retirees to continue working in consultant, part-time or full-time positions. According to a recent article in The Globe […]

Cyber Security For A Small Business In Canada

Cyber Security For A Small Business In Canada - ALIGNED Insurance Brokers

Worried about cyber security for a small business in Canada? How cyber insurance can help… Unfortunately, many small businesses in Canada operate under a false sense of cyber security. Surveys conducted by the Small Business Authority, Symantec and the National Cyber Security Alliance suggest that nearly 60 per cent of small businesses victimized by a […]

How Does Key Person Insurance Work?

How Does Key Person Insurance Work?

How Does Key Person Insurance Work? Most organizations employ at least one individual who is essential to their success. This person may be a partner, majority stockholder or someone with unique expertise or a business-critical skillset. When a key person leaves, your business will likely be faced with a significant resource gap. If a key […]