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Insurance For Mining Companies

Mining companies face a unique set of challenges in Canada. From environmental regulations to the inherent risk that comes with working in a mine, there are many things that can go wrong. That is why mine insurance is so important. This type of commercial insurance can protect your mining company from all kinds of risk, […]

Professional Liability Insurance For Mechanical Engineers

How Can I get Professional Lability Insurance For Mechanical Engineers Online In Canada? ALIGNED Insurance Brokers

Get Professional Liability Insurance For Mechanical Engineers Online In Canada We know your business needs the right and best insurance coverage. This is why we help mechanical engineers get connected to the best professional liability coverage options available in the market from the 70+ top insurance companies we work with. We also know that mechanical […]

Inn insurance

Protect your inn or small hotel with quality inn insurance is crucial to ensuring the short, mid and long term financial stability for any inn owner due to the many risks associates with operating an inn. ALIGNED can help you find the coverage you deserve to safeguard your business from the expected and unexpected that […]

Employment Consultant Insurance

Employment Consultant insurance

Employment consultancies help match qualified candidates with meaningful, fulfilling jobs. So if you run an employment consultancy, then you provide an important service. However, operating an employment consultancy isn’t without risk. Beyond the everyday risks that come with running a business, you may also face extra liability risks should the advice you give have negative […]

Oilfield insurance

Oilfield insurance

Operating an oilfield comes with great risk. Even though your operations are essential to people’s everyday lives, running a business – especially an oilfield – is inherently risky. That is why oilfield insurance exists. Commercial insurance can help mitigate the financial impact of unforeseen events, such as lawsuits, property damage, environmental damage, and more. Learn […]

Poultry Farm Insurance

Poultry Farm Insurance

A poultry farm is a farm that specializes in raising domesticated birds, such as chickens, geese, or turkeys to produce and sell products like eggs or meat. Those who run poultry farms have several responsibilities to ensure their smooth, safe and stable operation. However, running a farm of any kind isn’t without risk. Luckily, poultry […]

Warehouse Insurance

Insurance For Warehouses

Looking for warehouse insurance? You’ve come to the right place. ALIGNED can help you find insurance coverage for your warehouse with ease that fits your operations, prefernces and budget. Warehouse Insurance 101 Protect your warehouse and your operations from risk with commercial insurance specifically designed for warehouses and warehousing operations. The right warehouse insurance policy […]

How To Contingency Plan For Your Business

Does your business have a contingency plan? When it comes to loss prevention, it's important for all businesses to take a proactive approach to loss prevention. We are all aware that crises come in many forms. Here are a, if an emergency comes up, a disruption to the organization, or something affects the company's competitive position. If you don't have contingency plans in place, it can cause a whirlwind of problems if a crisis occurs. Being prepared for expected emergencies can make your Canadian business better suited to deal with unexpected or unforeseeable ones. Why Does Your Business Need A Contingency Plan? With a contingency plan in place, your business, whether it is small, medium, or large, will have a great chance of survival and a successful return to business. Here are some other reasons why a business would want to have a contingency plan in place: Media Attention: Should a crisis occur, there is a potential for media attention which could be damaging to the company. Negative attention exposed for long periods of time could seriously harm the reputation of the company. How your business responds to this is how the business will be measured Legal Liability: Employers are responsible for providing a safe working environment. Businesses can be liable for third-party claims from damage to neighbouring properties, and more. Financial Costs: A business can protect themselves from the cost of damages and business interruption with adequate insurance protection, they also need to consider business opportunity loss. Loss of market share to replacement of goods, etc. No product of service is indispensable or irreplaceable. How To Develop A Contingency Plan For Your Business Your contingency plan should identify the following: Tasks Resources Contacts Assets required to minimize the impact of an emergency on a business The complexity of the plan depends on the size of the business. How To Start Your Contingency Plan To get started, identify the potential risks to your business. This could include events like fire, explosion, flood, earthquake, burglary and theft, pollution, building collapse, computer failure, product recall, etc. After you have done so, rate the events based on the likelihood and extent of the impact. You will then need to do an initial assessment of each risk and consider the following for each event: Consider the worst-case scenario The length of time to restore the business Seasonal issues Whether or not other business/property owners could be affected After the initial assessment, you should be able to have an understanding of what loss events should be addressed first and how much time you would have to get back into business. Plan Development: Identify the resources you need to run your business.  Consider what you need to maintain your business temporarily - including having an inventory of equipment etc., identifying who will be in charge, and ensuring they understand the process. Assign tasks to trusted individuals. Ensure they are fully aware of their expected tasks in advance Ensure that financials are considered, including recovering financial records, completing updated inventory, notification of insurance and carrier claim processing, and confirming the procedures for reporting a claim with your insurance broker Managing records and dividing them into three main categories: Corporate existence, Financial and legl records, and operating. Communication - Prepare your communication plans and notify all affected parties.  Test and Maintain Your Plan After you have fully planned your contingency plan has been put to paper you must do the following: Test it. Adjust it. Review it annually or after any major changes within the business. How Contingency Planning For Your Business

Does your business have a contingency plan? When it comes to keeping your business up and running prevention is the best risk management strategy and it’s important for all businesses to take a proactive and premeptive approach to loss prevention. We are all aware that crises come in many forms including but not limited to […]

Parking Lot Liability Insurance

Parking Lot Liability Insurance

Cars and trucks are extremely valuable assets and a lot of responsibility, which means they must be protected at all costs. Just like how motorists have auto insurance policies, parking lots, garages, and repair shops must also make sure the vehicles on their premises and in their care, custody and control are protected. That’s where […]

Religious Organization Insurance

Religious Organization Insurance

Protect your religious organization from unforeseen events, such as a lawsuit or property damage, with religious organization insurance. Designed to protect religious organizations from financial losses associated with covered events, religious organization insurance is ideal for churches, mosques, synagogues, temples, and more. Continue reading to learn more about religious organization insurance, including why you might […]

Banquet Hall Insurance

Banquet Hall Insurance

Banquet halls are known for the incredible events they host from wedding receptions to anniversary parties, bar mitzvah or bat mitzvah to celebrations of life, corporate events, networking events etc. But operating a banquet hall comes with risks. That’s where banquet hall insurance comes in. With the right insurance policy, you can protect your banquet […]

Food Liability Insurance

Food Liability Insurance Canada

Safeguard your food business with food liability insurance. Whether you work with fresh produce, meat or baked goods, food liability insurance can help protect you from the unique risks you face as a member of the food industry.  FAQ What is food liability insurance?  Food liability insurance aims to protect food businesses from the many […]

Insurance For Foundations

Foundation Insurance

Protect your foundation and all the honourable work it does by investing in quality insurance. ALIGNED is a full-service insurance brokerage that can help you find the right coverage for your foundation.  Insurance coverage for foundations 101 Depending on your foundation, it might be wise to purchase a commercial insurance policy that includes the following […]

Insurance For Pediatric Dentist

Pediatric Dentist

Pediatric dentists provide oral care for infants, toddlers, children, and teenagers. They provide invaluable services to their patients. However, as with any medical profession, being a pediatric dentist comes with inherent risk. Whether completing a routine exam or a more complicated procedure, there is a lot that can go wrong. No to mention the general […]

Insurance For Strip Malls

Insurance For Strip Malls

Protect your strip mall from everyday risk with quality commercial insurance. ALIGNED can save you time and money by helping you find an insurance policy that meets the specific and unique needs of your strip mall or plaza. Keep reading to learn more about the coverage, cost, and benefits of insurance for strip malls and […]

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