Category: Business

Workers and insurance broker going through reports and using touchpad in a factory

Beyond the Policy: The Broker as a Risk Management Partner

What is the single biggest fear for any business owner? It’s not just the cost of insurance, but the moment a loss occurs, and you discover you’re not as protected as you thought. This is a common pain point for many business owners, who often view insurance as a simple, transactional purchase. They get a quote, pay their premium, and hope they never have to use it. But what if your insurance broker could be more than just a provider of a policy? What if

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Cyber Crime: How to Protect Your Business from Evolving AI Threats

In today’s digital landscape, Canadian business owners face a new breed of cyber threats. Gone are the days when cyber attacks were easily identifiable by poor grammar or suspicious email addresses. Artificial Intelligence has changed the game entirely, and your business needs to be prepared. The New Face of Cyber Threats According to a recent survey by the Insurance Bureau of Canada, 65% of Small and Medium-sized Business owners in Canada are concerned about AI making it harder to protect themselves against cyber risks—and they’re

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young contractor crouching on worksite and smiling with hardhat

A Practical Guide to Insurance for Ontario Contractors.

The Insurance Guide for Ontario Contractors: What You Really Need to Know If you’re a contractor in Ontario, having the right insurance isn’t just a nice-to-have – it’s often a legal requirement and essential for protecting your business and winning jobs. Let’s break down exactly what you need to know about contractor insurance in plain language. Why You Need Contractor Insurance Simple fact: Most clients won’t hire you without proof that you have proper insurance coverage. Plus, it protects you from potentially devastating costs if

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The Ultimate Guide to Business Insurance in Ontario

In the dynamic business landscape of Ontario, protecting your enterprise is paramount. This article will walk you through the essentials of business insurance in Ontario, helping you navigate the complexities and make informed decisions to safeguard your company’s future. Understanding the Importance of Business Insurance in Ontario Business insurance is not just a legal requirement in many cases, it’s a crucial component of risk management. It provides financial protection against unforeseen events that could otherwise cripple your business. In Ontario’s competitive market, having the right

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Wet floor sign next to red bucket on a tiled floor

5 Ways To Protect Your Business From Liability Insurance Claims

Accidents happen. That’s why you have liability insurance to protect your business from unfortunate incidents like a slip-and-fall accident. Nonetheless, the cost of deductibles and increased premiums that come with repeated liability insurance claims can take an unnecessary financial toll on a small business. You can prevent the most common types of liability claims before they happen by implementing a safety-first approach. The safety checklist below will help keep your customers and employees safe while keeping your claims costs low. 1. Maintain Proper Lighting Poor

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4 Red Flags That Could Make Your Business Hard to Insure

4 Red Flags That Could Make Your Business Hard to Insure

As a smart business owner, you’re always looking to minimize your risk. Likewise, insurance companies are doing the same when evaluating whether or not to insure your business. So, when they come across certain red flags, they may be inclined to decline coverage. 1. Property in Disrepair. If your business facility has broken steps, leaking pipes, or overstuffed inventory shelves that could tip over and cause a serious accident to you or your employees, you’ll want to address those issues to avoid paying higher insurance

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Small business owner couple standing in their variety store and smiling at camera

Understanding Your Commercial General Liability Insurance

As a business owner, safeguarding your business operations from unexpected events is crucial. One essential type of insurance coverage you need is Commercial General Liability (CGL) insurance. This insurance protects your business from financial losses due to liability claims, including accidental damages, injury or property damage to a third party, and more. It forms the backbone of a small business insurance strategy. Injuries to others can occur in even the most carefully-managed of businesses, which makes general liability insurance a must-have for businesses of all

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concept image of cyber attack

Cyber Security: Best Practices for Protecting your Business and Yourself

Cyber security is a hot topic these days. News articles about hackers attacking vital systems in the Ukraine or large companies having their data compromised by ransomware demonstrate how vitally important it is to make cyber security a priority in our online interactions. Preventing a security breach could save you thousands of dollars and weeks of stress and lost income. A decade or more ago, we worked from desktop computers that never left the office. Now we use laptops, tablets, and smartphones to stay connected

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Woman standing behind closed again sign in shop window

Tips for keeping your business location safe if you have to close

The latest COVID-19 wave is seeing many businesses close their doors to the public and send their employees home. As a business owner, use this checklist courtesy of Northbridge Insurance to close-up your property so that it’s safe and secure while you’re away. Make sure your staff are also aware of the importance of checking for potential fire and security hazards prior to locking up for an extended closure. Fire Prevention Checklist Is all equipment off? Are all flammable stored properly? Are combustibles stored away

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illustration of storefront with open sign hanging in the window

Getting Back to Business

Our friends at Intact Insurance have put together some helpful information to guide employers and employees on how to return to work safely. Learn more links to Intact page: https://www.intact.ca/blog/en/search.back-to-business.html

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