TruShield Insurance Blog
801 FOLLOWERS
TruShield is proud to be 100% Canadian and dedicated to educating small business owners on the risks of running their business with our industry-leading expertise. Check out the helpful business insurance blogs and resources to learn how you can better protect your Canadian small business.
TruShield Insurance Blog
20h ago
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
TruShield Insurance Blog
2w ago
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
TruShield Insurance Blog
1M ago
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
TruShield Insurance Blog
1M ago
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
TruShield Insurance Blog
1M ago
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
TruShield Insurance Blog
1M ago
3 minute read
As a designer, your canvas is not paper but the world wide web, magazines, logos, and more. With every project, you infuse creativity and purpose, crafting not just visual delights but functional tools for businesses and individuals. But amidst the art, there are pragmatic corners we often overlook, and one important one is insurance.
Why should insurance be part of your palette?
The quest for visual excellence often overshadows certain risks, particularly for freelancers and small design agencies. What if a client says that your work failed to meet expectations and decid ..read more
TruShield Insurance Blog
2M ago
3 minute read
Running a retail business takes more than financial management skills. It requires a mix of passion and hard work — and usually a lot of long hours. It can be incredibly rewarding, but it also comes with risk, whether you manage a physical store, run an online business, or work out of your home.
To stay competitive, you need to understand the needs of your customers, market your business, manage store inventory, and turn a profit — all while continually striving to provide excellent customer service (sometimes over multiple channels).
But no matter what type of business y ..read more
TruShield Insurance Blog
2M ago
3 minute read
Professional service providers, from legal consultants to IT professionals, navigate a landscape brimming with potential risks that can have significant implications for one’s business. Whether it’s the threat of a data breach, the repercussions of a professional error, or the fallout from unforeseen circumstances like damage to property, the stakes are high. This reality underscores the critical need for a robust risk management strategy, with professional services insurance playing a pivotal role. With the right insurance coverage, you can protect yourself against finan ..read more
TruShield Insurance Blog
2M ago
3 minute read
If you’re running a business from home, you’re probably wondering whether you need business insurance or not. While it’s true that working from home eliminates some of the risks that come with traditional office spaces, your standard home insurance policy may not cover the common risks that business owners can encounter.
For instance, your standard home insurance policy may not cover damage or theft of business inventory or equipment. The worst part? If your home insurance provider is unaware of your business, they might not even cover the damages to your home in the even ..read more
TruShield Insurance Blog
2M ago
4 minute read
If you consult for a living, your clients rely on you for advice and expertise. Whether you work independently or lead a consulting team, your job comes with a lot of upsides, such as the ability to set your own hours and work on diverse projects. But along with those upsides comes a number of risks.
No matter which kind of advice you provide — whether you’re an IT consultant, career consultant, management consultant, or another type of consultant — you’re selling your expertise. So, if a client fails to see the results they expect, you could find yourself embroiled in a ..read more