Year: 2021

Contractor insurance

Construction Firm Needs Directors & Officers Liability Exposure

Directors and officers (D&O) liability insurance protect corporate directors and officers as well in the event that they’re personally sued for actual or alleged wrongdoing when managing a company/firm. “The insurance helps cover defense costs and damages (awards and settlements) arising out of wrongful action allegations and lawsuits,” explains Angela McKerlich, surety and construction risk […]
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New auto insurance will change how insurers process the claim

New Alberta auto insurance will change how insurers process claims, calculate premiums New, essential automobile or vehicle insurance coverage policy will change how Alberta insurers process vehicle or automobile damage claims in the new year, and how premiums will be calculated. As of Jan. 1, drivers will claim vehicle vandalism for which they are not […]
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Business Cyber Insurance May Become Mandatory

4 Reasons why business cyber insurance may become mandatory With cyber insurance increasingly becoming “vital to most countries’ economic health,” this coverage is set to become mandatory in future, a Canada-based cyber insurer executive believes. Given the growing sophistication and increased frequency of cyberattacks on businesses across the globe, according to Vishal Kundi, CEO and […]
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Home device

How smart home devices can help lower your insurance premiums?

Smart home devices can lower your insurance premiums? While 66% of homeowners own at least one smart home device, few realize this technology can help lower insurance premiums, a new survey has found. While smart sensors that monitor for water leaks have the most potential to reduce homeowners’ risks, only 7% of people surveyed make […]
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Liability insurance

Managing your construction firm’s professional liability exposure

Construction firm’s professional liability exposure Many construction companies are not aware that they may have a Professional Liability exposure, even though there is a risk of lawsuits being brought against them for financial losses associated with their operations. “Professional Liability is liability insurance that covers contractors for construction errors, negligent acts and omissions in performing […]
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Cyber insurance

Why you should hire a cyber hacker to protect your business

Why you should hire a cyber hacker to protect your business? With an increase in cybercrime and sophisticated cyberattacks, more businesses are employing ethical hackers as part of their risk management team to help identify vulnerabilities, efficiently reduce risk and improve cybersecurity. “With more people working from home, the risk for cyber breaches is amplified,” […]
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Cyber insurance

7 things you should do if you get hacked

7 things you should do if you get hacked With a new cyberattack happening every half a minute, security experts predict that cybercrime will be among the top three threats to global security within the next five years, next to natural disasters and extreme weather. Data breach statistics from 2018 revealed over 6 million accounts […]
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5 ways to protect yourself from cyber-crime at home

Protect yourself from cybercrime at home With more connected devices at home and an increase in people working from home since the start of COVID-19, more consumers are at risk for personal cyberattacks than ever before, as per Vishal Kundi, CEO and co-founder of Boxx Insurance, a Toronto-based firm that specializes in cybersecurity and insurance. […]
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Checklist for car insurance when moving provinces

Moving provinces? Here’s a quick car insurance checklist If you’re moving between provinces in Canada you’ll be changing your address and license plate number, which will affect your car insurance. In addition, depending on where you live your premiums may go up or down – you may be moving to a safer area or one […]
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Home insurance

6 ways to protect your home this fall

6 ways to protect your home this fall While it’s time to get excited about all things pumpkin spiced and what Halloween outfits to get the kids this year, it’s also time to prep your home to withstand cooler fall temperatures and eventually, harsher winter weather. Following these home maintenance tips can help protect your […]
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