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 … [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...]

Cyber Liability Insurance: Preventing Phishing Attacks

Cyber Liability Insurance brokers advise proper training for all staff to beware of phishing attempts. Find out how to spot and report suspicious emails.

In the decades past, consumers were at risk of getting bilked out of their credit card numbers over the phone. But with the rise in identity theft, more than credit card numbers are at risk. Because so much of our individual existence is online, we are at a higher risk of getting cyber attacked. And in turn, the companies for which we work are at risk as well. If employees are unaware of the signs of suspicious emails, they could be inadvertently posing a huge cyber liability insurance risk to your digital database. If you suspect any possible … [Read more...]

How to Pick the Right Private School Insurance Provider

Not all private school insurance policies are created equal. Get advice on designing a policy that properly protects your organization and students.

Have you been tasked with securing your organization’s private school insurance policy? The job can be a daunting one, considering the complexities and variety of coverage that exists. Where does one begin to structure a policy that is going to need to protect your staff, students, building facilities, equipment, classroom visitors and even your board of directors? Most general policies will cover the basics, and yours should too. However, there are a number of add-ons that can easily get overlooked if you aren’t guided by the advice of a … [Read more...]

Trucking Insurance and Profitability Around Inspections

A major concern for trucking insurance brokers is to help fleets survive with increased profitability. Learn the effect of inspections on your bottom line.

The bottom line is the bottom line. What are you doing to improve it? One the areas in which a trucking insurance broker can help with your bottom line is in the area of education around the issue of inspections. The frequency and severity of attention paid to your trucks on the road will depend upon your safety rating, which in turn is dependent upon such factors as: The number of moving violations such as: speeding tickets, accidents, claims against. Secondary issues around hours of service compliance: ensuring that your drivers are … [Read more...]

Cyber Liability Insurance & Risk of Re-tweeting

Specific add-ons in cyber liability insurance provide severability from the actions of your employees in the case of re-tweeting.

In this day and age when many employees are encouraged to engage online with their clients and subscribers, it is all too easy for an employee to find himself or herself in a libelous situation. When an employee re-tweets a comment made from a secondary writer or publisher, they may be held accountable as a “publisher” for the defamatory words and sentiments held within the original tweet. This can prove to be a complicated matter because tweets often contain links to external stories and long-form opinions. If your employee is unaware of (or … [Read more...]