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 […]
Distracted driving. It boggles my mind to think how people seem to think that looking at a cell phone screen could be more important than looking at the road ahead of them as they drive but alas, we live in an age of distraction and dare i suggest – self absorption? Many governing bodies have […]
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 […]
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.
Professional Liability. Errors and Omissions, Malpractice – All common names for a very specific type of coverage: These are policies that people with specialized knowledge have to and should obtain when interacting with the general public because they are being sought out for that knowledge. Whilst putting together some information for a client of mine, […]
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 […]
Have you heard of Credit scoring? Yes – awesome – what is your opinion? Feel free to share it below, i welcome a conversation about it. No? Well i think you should – because you may be in for a surprise. According to Wikipedia, an insurance credit score is a numerical point system based on […]
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 […]