Cyber Liability Insurance: High Threat for Ontario Unions

There is a unique threat to Ontario unions that can be addressed by cyber liability insurance. Talk to a broker today to remedy lapses in coverage.

Data is the one of your most important assets. Providing privacy through the protection of that data can reflect upon the service you offer your members. The reputation and service that unions (as with all businesses) provide can affect the quality and future of an organization. A simple glitch in an IT system is enough to paralyze and expose data to the public, as what happened in this harrowing incident. This is why protecting data is so important. And therefore, why it is also important to protect your resources by seeking appropriate … [Read more...]

Golf Club Insurance Advice on Greens Quality & Membership

News in the industry shows move towards bent greens to increase membership. Get advice from a golf club insurance specialist.

It’s not news to report that 2014 has been a bust for clubs across Ontario. Traditional months of prosperity were filled with frost and rain this year. Clubs are scrambling to make up for lost revenue as well as dealing with damage to their greens. Membership also suffers during these times of peril. As a golf club insurance broker, we are seeing a disturbing trend among potential members to avoid clubs whose greens are particularly vulnerable to frost damage, in favour of more hardy courses. Is it possible that your choice of grass can affect … [Read more...]

2014’s Common Truck Insurance Claims

Truck insurance is a key to starting a haulage company and keeping it in healthy financial condition. Keep premiums low with effective controls.

Road accidents can be disastrous for truckers. A delivery vehicle may be out of commission for weeks and that is before repair costs. Loss of cargo leads to deteriorating customer relationships and shrinking orders. Add the impact on company insurance premiums and it becomes clear that avoiding accidents goes beyond driver safety. Northbridge investigated the Top 5 heavy vehicle insurance claims and uncovered the five factors behind them. #1 Most Common Truck Insurance Claim: Being Rear-Ended Average 2014 Claim $12,000 Distracted driving and … [Read more...]

Golf Club Insurance Reveals Arson Risk and Fire Prevention

Golf club insurance and risk management inspections can reveal areas of risk regarding arson and fire damage. Here are some preventative steps you can take.

One of the more devastating incidents that can impact your normal operations is a fire causing damage to the property, structures or equipment. In the case of this Laval course, the smell of gasoline indicated a strong suspicion of arson. There are fire prevention measures and risk assessment plans that you can undertake in consultation with your golf club insurance broker. While it may be impossible to predict and defend against a criminal attack, there are still some ways to make it more difficult for criminals to gain access to the tools and … [Read more...]

Tips to Save on Small Business Insurance Premiums

Check out our list of the top 6 things you can do to improve your standing with small business insurance providers. Reduce premiums by being diligent.

A lot of business owners complain that they pay too much for their small business insurance and some may see that their premiums go up each year. Actually, there are many ways that business owners can save on premiums. While every policy is different and built to suit your unique operation, there are some basic areas of exposure that can easily be addressed and can have an impact on premiums. Check out our list of the top 6 things that you can do to improve your standing with insurance companies. Begin With Your Risk Plan and Loss History 1- … [Read more...]

Golf Club Insurance Rates & Public Fire Protection Classification

Your golf club insurance premiums vary depending on your level of risk. Learn more about your public fire protection classification for commercial properties.

Golf club insurance premiums are directly related to the level of risk your commercial property poses to guests as well as the surrounding territory. This may be of particular importance to golf club insurance policy holders, as properties tend to be in communities that are fairly remote. A club may pose a certain amount of risk to their own property as well as neighbouring residential or commercial properties. The Fire Underwriters Survey analyzes data in order to arrive at a classification of individual communities across Canada. Where is … [Read more...]

Cyber Liability Insurance: Privacy Breach Checklist

If a breach occurs, you need to react quickly. Your cyber liability insurance broker can help you create a plan and checklist to help you prepare.

When a privacy breach occurs, organizations must take proactive measures to deal with the situation promptly. Because of the speed with which leaked information can fall into the wrong hands, sealing and dealing with a breach must happen quickly. In terms of preventative steps, discuss your current plan with your cyber liability insurance specialist. But when responding to an incident, consider the following checklist of actions that organizations need to follow in order to speed up the clean up. Cyber Liability Insurance: Breach Checklist 1. … [Read more...]

Private School Insurance Addresses Allegations of Fraud

Risk to private school insurance policies has been added by fraud claims. Ontario shows a lack of oversight. Learn more about the issue here.

Dozens of private schools in Ontario have been given a failing grade by the Ministry of Education. What the data shows is that a number of institutions have been fraudulently handing out diplomas to their students. As well, the provincial auditor has accused some schools of handing out higher grades than deserved and course credits despite a lack of attendance. What has resulted is an increase in the oversight and a higher level of scrutiny of the inner workings of Ontario institutions. This means there is an increase in the need for improved … [Read more...]

Brief ideas about understanding Small Business Insurance

Small business insurance policies provide essential coverage to protect your business assets and to protect you from unwanted suits so that your business operation can keep running.

As a business owner, you will need at least Property coverages and Liability coverages as part of your small business insurance policy. This is true whether you work from home, from your own building or from a rental space. The term “business owner” can refer to scenarios as listed below, but not limited to: 1 - Building owners Who rent out spaces to retail stores, offices, restaurants, auto repair shops, etc. 2 - Rented dwellings Commercial and residential, student house, rooming house, seasonal dwellings – Owners or property management … [Read more...]

Trucking Insurance Future: Cellphone and Driving Issues

The future of trucking insurance claims is beginning in Saskatchewan. Learn more about the risk of calling while driving.

A recent news item regarding cellphone use in CMVs has caught the attention of many carriers and trucking insurance insiders. On August 21st of 2014, a Saskatoon CMV driver was caught talking on his cellphone while on the job and he was pulled over. Subsequently, the company’s truck was impounded and held for seven days. This greatly impeded the small company’s ability to do business and cost them thousands in lost revenue. While the new laws are somewhat controversial, they state that a vehicle will be impounded for a week, regardless of who … [Read more...]