Tag: Insurance

5 Essential Tips to Reduce Data Breach Exposure

  Data breaches are increasingly becoming one of the biggest plagues of modern businesses, be those small or big companies. With cyber security becoming a problem for everyone, it’s a good thing to start thinking more about it, if you’re not already. Data breaches can be simple nuisances, or they can seriously jeopardize your entire… Read more »

What is the Role of an Additional Insured on Your Policy and Why It Is Important?

  If you are an Additional Insured, you enjoy the benefits of being insured under an insurance policy. An Additional Insured is typically associated with general liability insurance policies and property insurance. It provides coverage to individuals and groups that were not named initially. It refers to anyone other than the policyholder who is covered… Read more »

Having a Backwater Valve is Important, but Maintaining It Is Equally Important

  Sewer backups are so damaging that they have cost Canada billions of dollars. In fact, according to the Insurance Bureau of Canada, the costliest natural disaster which occurred in 2013 was the torrential rainfall that flooded towns in southern Alberta. The insured damage was more than $1.72 billion. In the same year, severe thunderstorms… Read more »

Employment Practices Liability: Examples of Claims Scenarios

  Hiring qualified employees to work for you can be challenging enough; however, it becomes even more frustrating when you hire people only to realize later they are not the right match for your company. From poor attendance to lousy work habits, there is any number of reasons why you would need to fire your… Read more »

21 Important Key Terms in Your Policy That You Should Understand

  While insurance brokers are more than happy to explain the details of your policy to you, it’s best that you also do your research. Making sense of your policy can be daunting, mainly if you can’t make sense of all the industry terms and jargon. By understanding key terms in your policy, you’re also… Read more »

5 Best Practices to Secure Your Business Online from Cyber Threats

  Cyber attacks are on the rise. According to the Verizon 2018 Data Breach Investigations Report, 53,000 incidents and 2,216 confirmed data breaches occurred within the recent 12-month period. Not only can a cyber attack cripple your business overnight, but recovering from one doesn’t just involve rebuilding your systems and retrieving stolen data; it also… Read more »