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.

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.

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.

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. 

You may feel that your employees would never steal from you or that your business would never be the victim of theft, but the harsh reality is that nearly every business is eventually victimized by fraud or theft. In this day and age, thieves (including your employees) do not need direct access to cash to steal from you; merchandise, supplies and securities are all fair game. You may also be susceptible to losses in the event that finished products or even raw materials are stolen right from under your nose. Essentially, any product can be a target for thieves if there is an opportunity to make a resale profit.

How clever is your password?  If it’s on the list below, your password is just as easily stolen as it is remembered. Protect yourself by making sure you’re not using one of the top 25 most commonly stolen passwords of 2015, as determined by IT security firm SplashData. 25

In recent years, cyber attacks have emerged as one of the most significant threats facing organizations of all sizes. The Internet and other network operations have created risks that were unheard of less than a decade ago. When cyber attacks (such as data breaches and hacks) occur, they can result in devastating damage, such as business disruptions, revenue loss, legal fees, and forensic analysis and customer or employee notifications. 

Are You Prepared if Disaster Strikes?