Resources & Insights

Woodworking is a dangerous trade. One quick glance around carpenters’ workspaces reveals a slew of hazards generated by the variety of machines they use and the nature of the work they perform.

Over the past 10 years water has surpassed fire as Canada’s leading cause of personal property claims.  Water damage is no longer just the result of a leaky roof or a sewer backup, in fact, it is so prevalent and comes from so many different sources that consumers are now asking and wanting protection that is comprehensive, accessible and affordable.  Climate change is also a factor in the rising frequency and severity of extreme weather events such as flooding, and what used to happen every 40 years in Canada is now happening every 6 years in some regions.

An undervalued benefit of working at an insurance company is that I get a free education on all the types of risks I can face as an individual or as part of an organization. This is a story of when it came in handy.

Why do I need Errors & Omissions Liability? 

The explosive growth in toxic mould damage claims since 2002 has led to an almost universal exclusion of mould-related claims in commercial property and general liability policies. To close this gap, consider a customized environmental insurance policy, which specifically addresses mould as a covered cause of loss.

Why do I need Directors & Officers Insurance?

Unlike physical threats that prompt immediate action—like stopping, dropping and rolling if you catch on fire—cyber threats are often difficult to identify and understand. Cyber threats include dangers such as viruses erasing entire systems, intruders breaking into systems and altering files, intruders using your computer or device to attack others and intruders stealing confidential information. The spectrum of cyber risks is limitless; threats, some more serious and sophisticated than others, can have wide-ranging effects on the individual, community, organizational and national levels.

Theft, trespassing, fires and other losses are constant threats on vacant construction sites. Losses might include not only the value of damaged or stolen materials but also the liability from an individual being injured on the property and the loss of time if a crucial piece of equipment is damaged or stolen. The insurance risks and liabilities associated with vacant construction sites can be extensive. To ensure that you are adequately protected, it is important to know the risks you face. In addition to purchasing comprehensive insurance coverage, there are numerous preventive strategies you can adopt to maintain vacant properties in a way that reduces risk and liability.

Originally established for the manufacturing industry, Business Interruption Insurance has evolved into an essential risk transfer tool for all industries. Coverage provides resources that aid in recovery and can help get a company back on its feet quickly.

In 2012 LinkedIn was victim to a massive data breach which compromised user information for over 117 million accounts on the online networking site. Fast forward 4 years and the list of account information has surfaced on the online black market with the hacker asking for 5 bitcoins (approximately $2200 USD) for the full database of email addresses and encrypted passwords. Read more here.