E-news | ALIGNED insurance brokers of Canada | Part 2

Regionalism, threats of interest rate hikes, the US/Canadian relationship, carbon tax, pipelines and cannabis have all been dominating business and of course…political headlines.

ALIGNED Insurance works with businesses in all industries across Canada. Given the significant number of cannabis clients we work with, we decided to focus this newsletter on the cannabis industry. If you’re in the cannabis business, are a cannabis investor and/or a cannabis consumer, you are well aware of our changing marketplace.

With edibles, concentrates & topicals coming to bricks & mortar and online storesCannabis 2.0 is top of mind for many.

While we’ve all seen flux in the cannabis market in recent weeks, one thing that’s not in flux is the importance of risk management, especially when it comes to operating a cannabis company. There are many real and specific risks associated with cannabis – high fire potential, crop damage/failure, regulatory and licensing compliance issues, corporate governance, business interruption, etc. 

The Canadian insurance industry is doing its best to keep up and serve cannabis industry needs. 

Despite the efforts of many, the reality is that there are limited insurers interested in the space, unique products and coverages needed, special considerations around placement process/strategy etc. That’s why placing cannabis risks is best done with experts like the brokers at ALIGNED Insurance.

While cannabis is a focus of this ALIGNMENT Matters, we’ve also included info on our newly launched 100% online E&O product for tech businesses. We’ve now got almost 300 fully online commercial insurance products that you can get quotes on and buy whenever it’s most convenient. Here’s some of our newest insurance insights:

You’re an important part of our ongoing journey and thanks for your continued support and interest in ALIGNED Insurance!

Thanks to your visits to our homepage and to our informative product pages, blog posts, etc., we’re gaining even more momentum in the marketplace.  Every click is appreciated as are Google Reviews!


Andrew Clark, MBA, CAIB, RF, FCIP, RPLU
President & CEO, ALIGNED Insurance
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p.p.s. ALIGNMENT always Matters! Curious about an insurance or risk management topic? Please get in touch. Leave us a Live Chat message on our homepage, send me an email or contact any of us.

Green expectations

1. Edibles, CBD oil products & what you need to know to get insured.
2. Selling or expanding your cannabis retail products? Read this.
3. Now available – 100% online E&O coverage for tech businesses
4. E-commerce? Get aligned with top coverage options.
5. Confused about what counts in a business interruption worksheet? Read this.
6. Vacant & waiting to stock your commercial cannabis biz? What to know.
7. 3 reasons why snow plowing insurance is hard to get.
8. Fast. Free. Simple. Get a commercial insurance quote now.

Insuring CBD oil products isn’t easy…yet

So, you’re part of the green 2.0 business wave hitting Canada. Now what? If you’re incubating a new CBD product, applying for cannabis licensing or about to start-up retailing or manufacturing CBD oil products, risk is on your mind.

CBD products aren’t yet mainstream. That’s why so many Canadian insurance companies actually turn down companies in the sector. The good news is that coverage solutions are out there. And ALIGNED brokers across Canada know how to line up the best liability and insurance options. Keep reading.

Risks & cannabis retail insurance

2020 means even bigger business opportunities for Canadian cannabis retailers. 

With the sale of edibles, extracts and topicals now legal, cannabis retailers have an even bigger market. Like any other retail business, insurance for Canadian cannabis retailers needs to cover the specific and unique risks you face operating Main St and/or online retail outlets.

For example, if your new cannabis retail business awaits licensing approval, you should know about the specific risks associated with vacant commercial property. That’s because a vacancy of 4 days means that your property policy may exclude coverage. Keep reading.

ALIGNED Insurance - ALIGNMENT Matters 38 - Tech Business E&O online insurance

Sell online? You need e-commerce insurance. We can help.

ALIGNED Insurance - ALIGNMENT Matters 38 - Buying e-commerce insurance


Growing your business with Shopify, AmazonWayfairebay, or Etsy? Online risks are different. This is why you need dedicated e-commerce insurance to address the specific risks of online retailing.

E-commerce store owners trust our experts to align their business with coverage that’s built to address online retail risks. Keep reading.

Property business interruption worksheet? We can help.

ALIGNED Insurance - ALIGNMENT Matters 38 - Business interruption worksheet for commercial property insurance


So now…what? Business owners, controllers and CFO’s often ask us “How do I complete a business interruption worksheet for commercial property insurance?” 

Typical brokers just email an information request to clients a few months in advance of their renewal. The email often includes a blank statement of values, a blank Commercial General Liability Insurance application and request to complete a business interruption worksheet. All too often, people feel a little uncomfortable about asking for help completing a business interruption worksheet. Keep reading.

96 hours empty? You own a vacant property.

ALIGNED Insurance - ALIGNMENT Matters 38 - Vacant property insurance


Tick tock, tick tock. Yes, time is money. If you own a commercial property, the time it sits empty costs you money. A building you own may be a vacant property for any number of reasons.

Maybe an extreme weather situation causes significant damage that requires a complex rebuild by specialty trades. Or perhaps you are renovating to attract a new tenant who wants a high value property rental. Regardless of why your property is vacant, specific coverage is needed when a property is unoccupied for as little as four days. Keep reading.

What to look for when buying insurance for a snow plowing business   

Buying Insurance For My Snow Plowing Business In Canada - ALIGNED Insurance Brokers

Polar vortex? 100K winds? 5 foot accumulations? Canadian snow plowing businesses face the worst weather head on. When a big dump happens, communities and cities across Canada count on snow plowing businesses to dig them out.

According to the Insurance Bureau of Canada, snow plowing insurance coverage has always been a tough or high risk class of business for Canadian insurers.  This is primarily a result of increasing slip and fall lawsuits as well as historical precedence. Keep reading.

Get free insurance quotes now

ALIGNED Insurance - ALIGNMENT Matters 38 - Free commercial insurance policy quote

Stay focused on picturing the forest, not just the trees. Whether it’s a lawyer, accountant or insurance broker, experts help you focus. That’s because it’s impossible to build a business without some help along the way. Our insurance experts know risk. And we only deliver commercial insurance policies. ALIGNMENT is what we excel at. Keep reading.

© 2020 ALIGNED Insurance. All rights reserved. ALIGNMENT Matters issue 40 is a publication of ALIGNED Insurance Brokers.

Thanks for reading ALIGNMENT Matters Issue 40! Find out more about our story and connect with one of our Canadian business insurance brokers today at 1-866-287-0448! Our experienced commercial insurance brokers are here to help you to determine the types of coverage you need most.

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