Takes effect November 1 2018: Businesses, do you know what this means????
Ontario’s construction act is getting a face lift July 1, 2018 and here are some highlights: Providing more time for contractors and subcontractors to resolve their disputes outside of court by extending time lines to file liens and start court actions from 90 days to 150 days Ensuring contractors and subcontractors know when to expect […]
For all Ontario brokers We are pleased to announce that the Financial Services Commission of Ontario (FSCO) has approved an interim insurance product developed by Intact Financial Corporation, in collaboration with Uber Canada. Designed exclusively for the ridesharing industry, this interim product is expected to be in-force and providing coverage as of Thursday, July 7, […]
As brokers in Ontario, we receive product updates from insurance companies often. Here is one that applies to ride sharing and is an industry first:
With the surge in use of Uber around the world, it was only a matter of time before insurers started responding to the risk of having everyday people take on passengers for hire. The main problem that they are addressing is Liability Coverage. You see, while Uber says that they have insurance coverage (I’ve read […]
In my business, I run across professional liability insurance daily and one of the most common comments i get is from IT industry personnel who are forced to obtain much needed errors and omissions coverage contractually is, “i have been doing this for “x” years and I’ve never had any issues or been asked for […]
No company, big or small, is immune to a data breach. Many small employers falsely believe they can elude the attention of a hacker, yet studies have shown the opposite is true. According to the Symantec SMB Threat Awareness Poll Global Results, 40 per cent of the data breaches in 2011 were at small to mid-sized companies.
I encounter many people who run their business year in and year out without insurance and only approach the subject when it becomes a contractual obligation. While they may not be required or regulated to carry the insurance, doesn’t mean the risk isn’t present for them to be pulled into a suit for misrepresentation etc. Even BS suits (pardon […]
Many business owners large and small are advised at some point to purchase a form of business interruption insurance and while mostly a good idea, it is important to realize what the different forms are covering your business for and to ensure that you are paying for the proper coverage suited to your business.
I am just reading an article in a broker’s magazine by a good guy named John K. (privacy reasons), he may be no Dougie Gilmour, but he is a good guy nonetheless! (i love Grapes!) The article talks to brokerage owners about business continuity planning after reflecting on the earthquake that hit Central and Eastern Ontario last […]