I often get inquiries about professional liability from companies and individuals who find themselves in the situation where they have never had the coverage before and are now required to have it due to contract requirements. They often do not seen the need for the coverage since a claim has never happened to them - believe me, i understand this completely! The simple fact of the matter is different. We live in a litigious world and as professionals we are often held to a higher standard for our specialized knowledge and thus the need for errors and omissions insurance liability coverage.

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How many times to we sign waivers on behalf of our children? Waivers for road trips, waivers to participate in sports, waivers to attend the theatre. In a recent publication from Elliot Special Risk, there was an article and a new precedent that has been established in Canadian courts that will directly affect business owners like you and your business insurance policy…

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Many people I find are always requesting the absolute minimum liability limit for their professional liability, business insurance, commercial auto insurance or personal home insurance and auto insurance policies.  I find it a challenge to express to people that they need higher and higher levels of liability. Many businesses will increase their liability limit simply due to contract requirements such as a lease agreement. I try to use examples to demonstrate that liability limits are often not enough and to show that settlements are getting bigger and bigger in Canada and any amount over your liability limit is yours!

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Maintaining a healthy lifestyle not only helps you live better but it also helps you qualify for cheaper insurance rates for life and critical illness. I recieved an email blast with some tips for working out in spite of a busy schedule:

Work out at work:

Did you know that more than 15 million Canadians spend half of their waking hours at work and a full 51% participate in no physical activities in their leisure time?

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There are a number of dangerous professions out there in the world that can inflict serious injuries to those who are employed in them. These professions can do more than lay a person up for a few months. They can inflict permanent disabilities that can restrict a person for the rest of his or her life.

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Bid Bonds, Performance Bonds, Labour and Material Bonds - These three guarantees have something in common: Time.

I often encounter contractors and manufacturers that ask me about bonding and how it works. They are often taken aback when they find out how long

it takes to set up the facility and how involved it really is. I wrote an article a while about the technical

process of applying for a bond, but i don’t think I approached the personal side of bonding and what it means to a business.

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Now doctors say a bystander can recognize a stroke by asking three simple questions:
S * Ask the individual to SMILE.
T * Ask the person to TALK and SPEAK A SIMPLE SENTENCE (Coherently) (i.e. It is sunny out today)
R * Ask him or her to RAISE BOTH ARMS.
If he or she has trouble with ANY ONE of these tasks, call emergency number immediately and describe the symptoms to the dispatcher. Continue reading »

I recently attended the Ontario Young Broker’s Conference in Niagara Falls on June 4th to June 6th. It was a great mix of fun and work - we spoke about claims handling, the Ontario automobile insurance crisis, the issues with insuring your home to value (subjects for a future article), and the ongoing saga of the insurance brokers versus the banks. Have you heard about it? Probably not - but it is a big subject that is getting more and more heated as the days go one. Personally - i find myself constantly frustrated with my own bank - why would I want them to provide me with insurance?

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I want share a story that has affected me recently. When recommending coverage to people, the most common response I get is - i don’t need that. I am guilty of that as well. I just recently submitted my application for disability insurance - being self-employed, i am in serious trouble if I get hurt. I applied for as much as I could afford right now - it will have to do, but at least I took that step.

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The information below is directly taken from http://www.ingletravel.com/en/info/influenza.asp as a way of getting information out to you regarding this potential pandemic. When travelling, it is important to always consider your travel insurance policy - do you have one with your credit card or your auto club? What does it cover? It is really cheap? You had better review it - your health is not something to mess with. We can help you with your TRAVEL INSURANCE needs - click HERE.

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