The home market has been booming over these past few years and with it, the contracts for renovations and construction has become more numerous. Insuring the businesses of a contractor is fairly straightforward. Like any business policy you start with insuring third party liability, then you insure some property. In the case of a contractor’s [...]

We buried my aunt this past weekend who fought valiantly against breast cancer. For four years she toughed it out and finally succumbed to the onslaught of the disease on Wednesday the 23rd (RIP Zia). I have a friend whose mother is currently waging her own war against cancer. Any time I speak about Critical [...]

I recently had a meeting with a client of mine who reviewed the wordings of his business insurance policy and had questions. It is fantastic that he took the initiative and reviewed the wordings – they are long and boring, but there is a lot of information in there that is important for your business.

On Monday, I commented on an advertisement in Contractor’s magazine and now I found something else to discuss: How to insure specialized equipment. I noticed a surveying machine produced by Topcon Positioning Systems and it reminded me of a policy I was working on last year. This type of equipment can be easily be improperly [...]

While reading through the November/December issue of Contractor’s Magazine, I saw an advertisement for the worker’s safety and insurance board stating that they have caught over 16,000 unregistered business owners since 2005. This is an alarming number from both the employer and employee standpoint. As the responsible employer that you are, you know that it is your [...]

Replacement cost is a term used to describe the cost of replacing an item lost to an insured peril (something the insurance company is safeguarding your item against) based on how much it costs today. The funny thing about this coverage is that is doesn’t apply to everything and in certain situations, you may unintentionally [...]

Since about 2003, insurance rates have been steadily decreasing as the insurance market entered the “soft” cycle (prices are down and competition is up). While some people’s insurance seems to go up (could be based on driving record), on the whole the trend has been down. You need to know that this is going to [...]

In my Case study series, I will offer you a look at highlights of an insurance package for fictional companies in various industries. So let’s pretend that I am a contractor C’s Renovations Inc.