2 minute read   No matter how meticulously you manage your business, there is one thing you can’t control: the weather. From hurricanes in the Maritimes, to holiday-season cyclones in Eastern Canada, and the wildfires out west, severe weather can cause billions of dollars in damage. As the potential for severe and extreme weather increases, it is more critical than ever for small-business owners to protect themselves against weather-related business interruptions and the threat of financial losses. Commercial insurance can be crucial in helping protect your business’ bottom line, by prov ..read more

3 minute read   The convenience and flexibility of working from home comes with unique risks, such as property damage, data breaches, and liability issues. These can threaten the stability and success of your business. Here are a few ways that home business insurance can help mitigate the risks of running your business. Comprehensive coverage beyond homeowners’ insurance Homeowners insurance is designed to protect your personal property and dwelling from damage or loss. However, when it comes to business equipment, inventory, or liability, this type of insurance often has significant lim ..read more

3 minute read   Every year, there are approximately 5000 minor and major earthquakes recorded in Canada. These natural events are unpredictable and can occur in any season. Earthquakes violently shake the ground due to tectonic plates shifting along a fault line beneath the earth’s crust. They can vary in duration, magnitude, and density. While minor earthquakes may only last for just a few seconds and pose little to no danger, major earthquakes can last several minutes and cause severe destruction including structural damage and extensive utility disruptions. In Canada, British Columbia ..read more

3 minute read   Business insurance plays a vital role in protecting your company from common threats. A business without the right insurance could suffer devastating losses. Even if you believe you have comprehensive business insurance coverage, changes to your business, the economy, the regulatory environment, or your industry may mean that your current insurance does not adequately address your needs. In this blog, we will review the common types of business insurance, talk about why you might need updates, and give you an action plan for reviewing your business insurance at least once ..read more

2 minute read   Whether you’re an architect, accountant, engineer, or consultant, you’ve likely spent years refining your skills so you can provide your clients with the best service possible. However, when setting up your business, professional liability insurance can often be overlooked. This type of insurance protects professionals from unexpected mishaps in their work. It acts as a safety net, just in case a client has issues with your work. When you operate a professional services business, you’re likely to handle sensitive client information and provide work that directly effects a ..read more

3 minute read   Cybercrime is on the rise in Canada, and your business may be at risk for financial losses as a result of data breaches. Data recovery can be expensive, and unless you have insurance coverage for this, it will be paid out of your pocket. Protect your company from financial loss by having good cyber insurance. How can a data breach lead to financial loss? A data breach is a form of cybercrime, and many Canadian businesses are at risk. Cybercriminals are constantly updating their techniques and tools to gain access to your business, your personal data, and your customers’ d ..read more

3 minute read   Opening a small retail store takes a lot of work and opens you up to many risks, which is why, as a small business owner, you need to be prepared. Whether you own a bakery, clothing store, cafe, or gift shop, the risk of theft, property damage, or potential lawsuits can be present. That’s why it’s important to understand the potential risks your business can face and consider retail business insurance which can help mitigate potential losses in the event of an unforeseen incident. What can retail insurance help cover my business against? 1. Theft Owning and operating a sm ..read more

2 minute read   Heavy equipment and tools are highly susceptible to theft as it’s fairly easy to steal and resell these types of products. There is also typically a low recovery rate when it comes to tracking down these stolen goods. As of 2021, estimates suggest that construction theft costs Canada up to $1 billion. The financial impact of stolen tools and equipment extends beyond mere replacement costs. The loss of specific tools or unique equipment can delay project completion leading to increased costs. Additionally, you, the contractor, may be held liable if the stolen equipment cau ..read more

4 minute read   An essential aspect that often drifts below the radar when running a small business is the need for a robust business continuity plan (BCP). As a small business owner, developing a business continuity plan can be invaluable in protecting your business in the event of a disruption. A disruption can include a variety of things, from a storm knocking out your business’ power to your company vehicle being stolen. What is business continuity? At its core, a business continuity plan is your playbook for maintaining operations under adverse conditions. Whether it’s a natural dis ..read more

2 minute read   Heavy equipment and tools are highly susceptible to theft as it’s fairly easy to steal and resell these types of products. There is also typically a low recovery rate when it comes to tracking down these stolen goods. As of 2021, estimates suggest that construction theft costs Canada up to $1 billion. The financial impact of stolen tools and equipment extends beyond mere replacement costs. The loss of specific tools or unique equipment can delay project completion leading to increased costs. Additionally, you, the contractor, may be held liable if the stolen equipment cau ..read more