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disaster recovery plan

SMALL BUSINESS DISASTER RECOVERY PLAN

DISASTER RECOVERY PLAN FOR SMALL BUSINESS Did you know? For the second year in a row, Canada exceeded $3 billion in insured damage from natural catastrophes and other severe weather events. Natural catastrophes caused $3.1 billion in insured losses in 2023, making it the fourth costliest year on record after insurance companies paid out claims […]
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Insurance claim

Insurance claim: how it works?

Insurance claim: how it works? One of the more positive impacts of COVID-19 has been fewer accidents and property damage losses and claims. “We’ve seen an average 30% decline in insurance claims since the start of the pandemic and between March to May last year, claims were down almost 50%,” says Derrick Ajmo, Vice-President of […]
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professional liability exposure

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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Insurance Claim

Things To Know While Making An Insurance Claim

Things To Know While Making An Insurance Claim When a windstorm damages your roof or you get into a car accident, chances are you won’t be in the headspace to think about your insurance claim. Talking to your insurance company may be the last thing on your mind at that moment, says Derrick Ajmo, vice-president […]
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Commercial liability insurance

Navigating Commercial Liability For Business: A Complete Guide

Navigating Commercial Liability For Business: A Complete Guide In today’s fast-paced business environment where risk continues to evolve, understanding and mitigating the intricacies of liability is more critical than ever for Canadian small business owners. By taking proactive steps to assess risks, customize insurance coverages and educate your employees, small business owners can significantly mitigate […]
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supply chain management

8 Supply Chain Risk Management Strategies

8 Supply Chain Risk Management Strategies As a business, navigating the post-pandemic supply chain environment requires a multifaceted approach, focusing on technological adaptation, strategic diversification, and workforce flexibility. By adopting these strategies, you can enhance the resilience of your business and ensure a smooth operation in order to thrive in an uncertain world. Secure your […]
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Certificate of Insurance

What is a Certificate of Insurance (COI)?

What is a Certificate of Insurance? All small business owners, startups, independent contractors, and entrepreneurs need business insurance to protect their financials, businesses and professions from potential liability risks. But how do you know you’re insured when you’re forging new partnerships or signing contracts with a new customer? The answer is simple: you need a […]
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home insurance

5 Ways To Minimize Home Insurance Claims Due To Weather

5 Ways To Minimize Home Insurance Claims Due To Weather Natural disaster claims in Canada have more than quadrupled over the past 15 years. In 2023, the Canadian insurance industry paid out $3.1 billion in claims due to natural disasters including floods and wildfires that wreaked havoc across the country. For Canadians, these worsening disasters […]
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5 Essential Travel Insurance Tips For 2024

5 Essential Travel Insurance Tips For 2024 Imagine missing your dream vacation due to an unexpected medical emergency. In 2023, Canadians planned to spend over $14 billion on vacations, and, since the pandemic has made travelers more risk aware than ever, almost 90% realized they needed to buy travel insurance for their next trip. However, […]
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Insurance Broker

Is Skipping the Insurance Broker Really Saving You Money?

Is Skipping the Insurance Broker Really Saving You Money? Buying home and car insurance directly from insurance companies might seem beneficial at first. You may think it’s convenient, fast and cheap, and that you’re saving by ‘skipping the middleman’, in this case, the independent broker. But this is where most people are easily fooled. The […]
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