Category: Business Insurance

What is product liability, and does your business need it?

If your business makes or sells products via a storefront or e-commerce website, you have a responsibility for the quality and safety of those products. If one of those products causes harm to a customer, or causes property damage, you could find yourself in the middle of an expensive and time-consuming lawsuit. To avoid massive financial hardships, its important to have a product liability policy in place, which can help mitigate the costs associated with lawsuits filed against your company (...)

Sport Accident Insurance – For Sports Associations

No matter how careful you are, sports related injuries are part of life as an athlete. Most athletes, or parents of athletes, are familiar with the drill- injury, ice, rest, physio. Injuries, and the resulting time on the side lines, can take its toll on players, coaches, teams and families. From a financial perspective, the frustrations can quickly turn to panic as the costs mount. Unfortunately, provincial health plans do not cover physio, and personal benefit plans can be quickly depleted. Wouldn’t it be great if there was a way to support your athletes in their recovery?

Cyber Security – Using Strong Passwords

"Be sure to use a strong password" is advice that we are constantly being given when trying to create online accounts. It's also not uncommon to see a password meter ranking your passwords strength. That's because many computer users are continually choosing weak passwords like "123456" or "password" ranking top on the list year after year. With the rising threat of cyber crime, information leaks and data breaches, a strong password is your first line of defense (...)

When Does Your Home Business Require Insurance?

Many Canadians operate businesses out of their homes. What they may not know is that there are exposures that go along with these businesses, no matter how small. These exposures may not be covered by their homeowner's or renter's policy. Your homeowner's or renter's policy is intended to protect your personal interests only. Therefore, any exposure relating to a business is not intended to be covered by the policy (...)

Unstaffed or 24hr Gym Insurance

Unstaffed gyms and 24hr gyms are beginning to become more popular. With low monthly memberships, lack of lock-in contracts, and the freedom to be able to workout any time you want, why wouldn't you consider this a top choice for a place to do your workouts? These gyms can range in scale from large corporations like Anytime Fitness, to single small town gyms, that may only have the population or members to support an unstaffed gym (...)

Professional Liability – What Is It, And When Do You Need It?

Every occupation comes with its own inherit risks, but any time professional advice is provided to the public that could result in emotional, mental, financial, or physical anguish, there should be a higher duty of care and the correct insurance policies in place. Professional occupations such as lawyers, accountants, healthcare providers, engineers, and even insurance brokers (...)

Are you liable for online reviews?

In today's highly connected world everyone is a critic, from posting your reviews on Yelp, Google, Amazon, or any other forum. It's fairly easy to voice your opinion when you can do it essentially anonymous on the internet. You can review local businesses, crafts you found on Etsy, and car manufacturers. Pretty much anything now a days has a website or three that allows you share your opinion (...)

Uber Insurance Risks, Are You Properly Covered For Ridesharing?

If you aren’t living in a major city perhaps you aren’t aware of Uber, or maybe you’ve heard the name but never really understood what they did. Basically, Uber is an app-based ridesharing service, which means they operate through a smart phone application or web browser. This application allows riders and drivers to connect (...)

Is Your Building Limit Too High? How Do You Know What Is Accurate?

Have you ever looked at your insurance policy and thought that the building limit on your home was too high? If you were to sell your home tomorrow there is no way that you could sell it for the same price you are insuring it for. Are these insurance companies just ripping you off by selling you too much insurance that you don't need? (...)