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 […]
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, […]
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.
In the spirit of the holiday season and looking forward to a new year (because I really need to look up right now in lieu of down), I thought it would be great to focus an article on something new … New Drivers! I remember “back in the day” when I obtained my learner’s permit […]
Here is a fantastic article about health spending accounts from the Canadian Associated Press. As part of your risk management portfolio, a health spending account allows for tax savings as well as keeping you and your family healthy!
E&O Insurance, more commonly known as Errors and Omissions insurance helps to protect you from financial loss due to lawsuits brought against you for alleged mistakes as a professional. The public is much more aware of its legal and contractual rights and whether right or wrong, many people think that legal action is the way […]
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.
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 […]