Takes effect November 1 2018: Businesses, do you know what this means????
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 […]
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 – […]
Whenever I deal with companies that are starting out or expanding to the US, they are often taken aback by my initial warning about the cost of insurance in the US. For example, if a company’s business insurance policy costs $1000 per year for Canadian operations only, it would most certainly double or more once […]
As 2009 kicks off, we find ourselves waiting and watching as the face of the bear market begins to show itself. With politician speaking of growing deficit spending, we have to look inwardly to our own cost cutting to be able to weather the storm to come. One of the costs that many businesses incur […]
I am working with a company that had a serious concern about their business insurance policy. The owner of this company partnered up with the owner of another company to buy the building that they occupy. While this is a fairly normal and straight-forward practice, their broker just didn’t seem to get it.
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 […]
A fire is a beautiful thing, it brings warmth, comfort, relaxation and can be used to provide nourishment when properly controlled. When a fire gets out of control it can become damaging and can result is millions of dollars in damage and even death. Today, a block on Queen Street West went up in flames […]