Mandatory Reporting in Canada for Breach of Personal Information
Takes effect November 1 2018: Businesses, do you know what this means????
Category: business insurance
Hand Held Device Fines in Ontario – UPDATE!
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 […]
FSCO APPROVES INTACT’S RIDESHARING INSURANCE
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, […]
More Uber good news
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:
Claims examples: IT industry
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 […]
Responding to a Data Breach
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.
Why Buy Insurance – especially for Professionals!
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 […]
2011 – New decade, New Year – Same old routine?
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 […]
Employees: Your source of revenue and potential claims
If you are a growing company or an established company, at some point in your business cycle you will likely have to deal with employee relations. As part of your risk management strategy, you should consider including an employee manual outlining responsibilities and duties of the management and of the employee. When managing your employee […]
Health Spending Accounts: Updates from CRA
Here is a fantastic article about health spending accounts from the Canadian Government.
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