In a world that is increasingly dependent on technology for everything from communications to product design and logistics management, companies are reviewing and upgrading their cyber security on a regular basis. However, regardless of how airtight and up-to-date their security measures are, businesses may still be subject to cyber breaches. Cyber insurance can help a company that has experienced a cyber breach recover from the consequences of the breach. Find out the five reasons why businesses should consider this specific type of insurance: 1.     Cyberattacks against b ..read more

Numerous partially constructed houses and other light-frame wood buildings are blown down every year across Canada. The National Building Code of Canada (NBCC), along with provincial building codes, specifies the design wind speed for different areas. However, the wind gusts responsible for causing damage often don’t surpass the design wind speed that the completed house is required to withstand. The problem is that these standards are designed with fully completed structures in mind. During the construction phase, structures are not yet strong enough to withstand windstorms. Builders must tak ..read more

Entrepreneurs and business owners in Canada must consider the vital role of insurance. Business insurance serves as a comprehensive safety net, essential in safeguarding against unforeseen risks and financial uncertainties. Insurance companies in Canada provide tailored solutions to meet the unique needs of different businesses, ensuring not just the protection of the business itself but also instilling confidence in clients and stakeholders. This level of security is fundamental to sustaining the momentum and resilience of Canada’s dynamic business sector. Here are some risks that insurance c ..read more

If your business falls victim to a heavy rainstorm or flood, water can seriously damage your property. Unfortunately, the cost of fixing water damage can be very expensive. But there are some preventative measures you can take to help protect your business property from heavy rain and flooding. Water damage prevention techniques Do your due diligence It’s important that you take the time to do your research on flooding in your area. Your municipality’s website might have information on flood and sewer back-up prevention programs. Sewer back-up prevention Disconnect weeping tiles and install a ..read more

You or your employees can fall into a routine as you shut down your business at the end of every day. That’s why it’s so important to make sure you’re taking all the precautions you can to help prevent fires and crime when you’re not around. Theft may seem like only a distant possibility, but organized retail crime costs Canadians around $5 billion a year. It’s especially important to take precautions when leaving your business for a long weekend or a vacation, when no one will be checking up on it for some time. That’s why it’s key to have a list of steps to take before leaving for the night ..read more

As a contractor, you know firsthand how unpredictable a job site can be. Accidents can happen, and when they do, the financial fallout can be substantial. That’s where contractors insurance comes in. Think about it: If an accident happens on your watch, like a water line getting punctured, who’s going to cover those repair costs? Without insurance, that burden can fall squarely on your shoulders. With contractors insurance, you’re not just protecting your clients’ property; you’re safeguarding your business and reputation. Clients tend to trust contractors who are fully insured more than thos ..read more

Earthquakes are unpredictable natural events that can occur at any time of the year. They violently shake the ground due to tectonic plates moving along a fault line in the earth’s crust. Earthquakes can cause soil liquefaction, landslides, fissures, avalanches, and tsunamis, and can vary in duration, magnitude, and intensity. In Canada alone, there are approximately 5,000 minor and major earthquakes each year. British Columbia is particularly prone, given its proximity to the Pacific Ocean. However, Ontario and Québec are not immune, frequently experiencing earthquakes in the St. Lawrence an ..read more

Running a business means balancing opportunities with their associated risks. Commercial insurance is one of the most valuable tools businesses can have to help protect against threats. In this blog, we review the key risks that businesses face and how commercial insurance can help businesses defend themselves. What is commercial insurance? Commercial insurance, also called business insurance, is designed to protect businesses against various types of financial risk. Unforeseen events and their aftermath can be devastating; commercial insurance provides a safety net that can help a company re ..read more

Profit, in the broadest sense, is sales minus costs. Typically, loss prevention is seen as a cost to the business because implementing something new costs money – whether it’s purchasing additional equipment, training employees, or changing existing processes. However, when done effectively and efficiently, loss prevention efforts can add to your bottom line. Implementing something new in a business unfortunately always costs money; things like purchasing additional equipment, properly training employees, or changing a process in your operations. However, the savings from increased productivit ..read more

Business interruption insurance offers companies an added layer of protection if they have to cease operations unexpectedly. For example, imagine your retail business floods in a severe storm that damages your equipment and destroys your inventory. Your company is forced to relocate to a site a few hours away, and you must pay premium prices to get supplies and equipment delivered to the new site overnight. Meanwhile, you fall behind on deliveries, and some of your regular customers switch to other vendors. Scenarios like this are not uncommon. While property insurance would cover some of the ..read more