OnePlus Blog

December 24, 2020
Cyber Attack alert in computer code

The Importance of Tenant Insurance and How it Protects you

Cold weather can lead to frozen pipes. A frozen pipe can lead to a burst pipe. Burst pipes are a common type of insurance claim.
December 16, 2020
Cyber Attack alert in computer code

Tips for preventing frozen pipes in your home

Cold weather can lead to frozen pipes. A frozen pipe can lead to a burst pipe. Burst pipes are a common type of insurance claim.
November 24, 2020
Ensure your collector car is ready for Spring

What to do in the Winter to ensure your collector car is ready for Spring?

Here are some tricks from a fellow collector that'll help keep your prized possession in great condition while it sits out a season.
November 9, 2020

What to do after a car accident? Steps you need to take?

Getting in a car accident can be a traumatic experience. You likely know someone who has been in an accident or have experienced one yourself. Whether it’s a small fender bender, or a severe accident, many people fear the next steps.
November 2, 2020

The benefits of working with an insurance broker

​​No matter how well you plan, operating a business comes with an element of risk and unpredictability. Your commercial insurance policy should be able to provide some peace of mind, as long as you understand what you have purchased.
September 21, 2020

Update Your Insurance

​​You are obligated to report home renovations or additions to your property insurer that may materially change the nature of the risk accepted by the insurer. It is important that you inform your insurance representative or insurer of any changes which may impact your insurance requirements.
September 14, 2020
British Columbia Amends Condo Insurance Law

British Columbia Amends Law to Address Sky High Condo Insurance

The B.C. government has announced regulatory changes aimed at bringing more transparency to condo insurance premiums that have risen by as much as 40 per cent.
August 31, 2020

Commercial Insurance for Small Businesses

​​No matter how well you plan, operating a business comes with an element of risk and unpredictability. Your commercial insurance policy should be able to provide some peace of mind, as long as you understand what you have purchased.
August 8, 2020

Identifying “Hidden Risks” for Reopening Businesses

Businesses reopening after the COVID-19 shutdowns are returning to a vastly different environment than what they were used to. Aside from the well-known risks such as health protocols to avoid the spread of disease, they will have to contend with other risks that may not be as obvious.
August 1, 2020
Cyber Attack alert in computer code

Security Response Planning on the Rise, But Containing Attacks Remains an Issue: IBM Study

IBM Security has announced the results of a global report examining businesses’ effectiveness in preparing for and responding to cyberattacks. While organizations surveyed have slowly improved in their ability to plan for, detect and respond to cyberattacks over the past five years, their ability to contain an attack has declined by 13% during this same period.
July 23, 2020
business district with skycrapers

As Risks Evolve, is Your Business Continuity Plan up to Date?

The fourth industrial revolution – which includes new technologies that range from artificial intelligence to robotics to the Internet of Things – brings the promise of connecting humans worldwide and solving many business problems.
July 17, 2020
disguised man in digital background

‘No End’ to Cybersecurity Threats During Pandemic

While partners in travel, live events, conferences, concerts and theatres “have been decimated by the travel restrictions and the stay-at-home orders,” Capps said NuData saw significant uptakes in activity related to e-commerce and online banking – two of its biggest client base.
July 13, 2020
Supreme Court Building

Supreme Court Delivers Ruling on Non-Discrimination Law

In a split decision, the Supreme Court of Canada has upheld a federal law that forbids companies from making people undergo genetic testing before buying insurance or other services.
July 2, 2020
3 image collage of luggage, camper vans and keys in door lock

Are You Vacation Ready Checklist?

A few simple rules to help prevent theft while you are away on vacation.
June 25, 2020
skyline full of condo's

Provincial Government Addresses Condo Insurance Crisis

What happened: The B.C. government has proposed a number of legislative amendments and regulatory changes to address rising strata insurance costs.
June 19, 2020
faceless man stuffing money into his inside jacket pocket

Revealed: The Sky-High Costs of Embezzlement

Business leaders would do well to look out for employees sticking their hand in the company cookie jar. Incidents of embezzlement can have long-term impacts on a company that don’t just mean losing money.
June 10, 2020
Chef in his restaurant kitchen

Risk Management for Restaurants in the Age of COVID-19

The COVID-19 pandemic has turned many industries upside-down, and the restaurant industry has been hit as hard as any. Physical distancing restrictions have forced many to close down, or offer food exclusively through delivery and pick-up.
June 5, 2020

These types of businesses are in serious need of a cyber policy

With ransomware and financial fraud on the rise, smaller businesses in Canada are vulnerable, particularly less-sophisticated organizations that move large amounts of money. For smaller brokerage houses selling cyber, examples of your next opportunities may be car dealers, people involved in real estate, and those involved in livestock management.
May 31, 2020

Better safe than sued: How to advise your clients on temperature screening, glove use

Your commercial clients may expose themselves to legal risk if they don’t adhere to all government recommendations to protect clients and employees from the spread of coronavirus while re-opening, legal professionals warned.
May 19, 2020

“Dark Clouds on the Horizon” The Impact of Nuclear Verdicts on Canadian liability insurance

It is widely acknowledged that the United States has a more litigious environment than Canada. However, the rise of recent jury awards in the United States, dubbed “nuclear verdicts”, will have a greater impact on Canadian companies that operate in the United States. In the 5-year period from 2014 to 2018, the median value of the top 50 US verdicts has doubled, increasing from USD 27 million to USD 54 million. This claims trend is prompting many Canadian insurance carriers to re-evaluate their strategy around liability business, particularly in excess casualty where loss was traditionally viewed as more remote.
May 12, 2020
commercial buildings in a city

Amid pandemic, commercial insurance buyers face an extended hardening market plus new pressures on coverage terms and conditions

North American commercial insurance buyers will continue facing upward pricing pressure across most lines of business compounded by a newfound scrutiny of their coverage terms and conditions. These top-line observations emanate from Willis Towers Watson’s Insurance Marketplace Realities 2020 Spring Update. Notably, the report expects that the decline in economic activity will lead to large reductions in insurable values, yet not a single line of business predicts overall rate decreases.
April 11, 2020
hands at the computer keyboard

Coronavirus checklist: 10 steps to Safeguard Your Business

With many office-based companies required to work from home, it can be stressful trying to manage the business and at the same time protect their employees, customers, and interests. David Luck, CEO of Capital on Tap, shared a business health checklist, that aims to help leaders and risk managers ensure that they have the best plan in place for the business’s longevity.
April 4, 2020
people helping one another

Insurers committed to working with consumers during these uncertain times

Insurers committed to working with consumers during these uncertain times. Canada’s property and casualty insurers are committed to helping consumers and business owners during this challenging time.
March 30, 2020
gavel in front of legal books

How liability insurance responds (or not) to COVID-19

If your clients are sued as a result of the COVID-19 pandemic, don’t assume they will be covered by a commercial general liability policy. General liability policies have exclusions; and for COVID-19, the most relevant exclusion is probably pollution, suggested Stephen Fraser, U.S. casualty claims leader for Marsh Inc.
March 20, 2020
corona virus graphic attacking business icons

COVID-19 and Business Insurance: How Coverage is Triggered

These are uncertain and challenging times. With COVID-19 causing global concern, we understand many Canadians will have questions related to commercial insurance. IBC has produced a brief Q&A document outlining how coverage is triggered and how business interruption policies work.
March 16, 2020
laptop, notebook and pen on table

Experts: Online third-party sellers need liability insurance

Experts are saying that even third-party marketplace sellers participating in online hubs such as Etsy and Amazon will need commercial insurance, even (and especially) if their business is a side hobby.
March 6, 2020
computer screen with digital image of padlocks

Cyber Risk Management

DON'T BE CAUGHT UNDERINSURED. When insuring assets, many organizations still prioritize bricks and mortar over informational assets and data. Many medium and small businesses that protect their data with a cyber insurance policy are underinsured.
February 28, 2020

Insurance Bureau of Canada Launches Commercial Task Force

Media headlines about increased commercial insurance premiums have grabbed the attention of many Canadians over the past few months. Commercial insurance is becoming challenging on a global level following years of significant losses.
February 18, 2020
caution wet floor yellow cone in mall with janitor cleaning in the background

Slip Trip and Fall (Occupiers Liability) – Risk Management

Regularly inspect and maintain all buildings and premises. A written, consistently documented and strictly enforced inspection and maintenance policy is essential to managing risk.​ ​Ask your insurance representative about liability coverage in your current business policy. If your loss experience indicates that additional coverage may be of benefit, your representative can provide guidance on available options.
February 14, 2020
Caution wet floor sign and people walking around it

Slip Trip and Fall – Claims Management

How an organization handles an accident or incident can have a significant impact on the ultimate cost of a claim. ​Prepare Your Employees and/or Volunteers Train employees and/or volunteers on what to do if someone slips, trips or falls while on your premises. It is prudent to advise them that they should not discuss liability with potential claimants. They should never admit fault on behalf of the organization.
February 3, 2020
yellow slippery sign in the middle of a glass office building walkway

Slip Trip and Fall (Occupiers Liability)

​Regularly inspect and maintain your premises to keep them safe and free from hazards. If you fail to provide a reasonable standard of care to keep your premises hazard-free, you may be held liable for a slip, trip or fall. Who is Liable?
January 17, 2020

Cyber Leads Global Business Risks for First Time: Allianz Risk Barometer 2020

For the first time ever, Cyber incidents are ranked as the most important business risk globally (39% of responses), according to the Allianz Risk Barometer 2020, relegating perennial top peril Business interruption (BI) to second place (37% of responses). Awareness of cyber threats has grown rapidly in recent years, driven by companies increasing reliance on data and IT systems and a number of high-profile incidents. Seven years ago, cyber ranked 15th with just 6% of responses.
January 9, 2020
man in pain holding his knee on sports field

Sports And Recreation – Claims Management

Before a sporting or recreational activity takes place, brief your employees and volunteers on what they should do in the ​event of an accident. Remind them to take the following steps:​
January 6, 2020
hand typing on computer

10 Questions to Boost your Business Tech Security

What’s the biggest technology security problem that Canadian business owners face? If you said computer hackers, guess again. The biggest problems, by far, come from a company’s own employees. The good news: They’re usually not doing it on purpose.
January 6, 2020
man clicking the insurance button

Trade Credit Insurance: Helping Your Business in Three Ways

Whether you’re a manufacturer, a distributor or a service provider, credit insurance protects a company’s Account Receivables and Work in Process (WIP), which combined often represent a significant portion of an enterprise’s assets.
December 30, 2019

Sports And Recreation – Risk Management for Your Business

​​​​​​​​​​​​​​Ensure that employees and volunteers have adequate training before hosting sports and recreation activities. ​ ​​​15 Tips for Managing Sports and Recreation Risks​​
December 27, 2019

Business Risk Management – Sports And Recreation

Event organizers may be held liable for bodily injuries resulting from a sporting event. Know the difference between occupiers’ liability and vicarious liability. ​​​
December 20, 2019
info graphic auto thieves

2019 – Top Ten Stolen Vehicles

Insurance Bureau of Canada releases its 2019 Top 10 Stolen Vehicles list. Tech-savvy Thieves Don’t Need Your Keys.
December 6, 2019

On Premise Loss Prevention

​Liability loss prevention includes any measure taken to prevent or minimize damages and injuries that could be suffered on your business premises by a third party.
November 22, 2019

Protecting Yourself from the Liabilities of Others

​​Some people try to make a quick dollar through frivolous lawsuits. Understand your responsibilities and protect your business’ bottom line​.
November 13, 2019

Business Insurance – Crisis Management

A crisis can happen at any time, threatening an organization in a multitude of tangible and intangible ways. Following best practices in risk management – including creating a business continuity plan – can mean the difference between recovery and bankruptcy. ​
November 8, 2019

11 Risk Management Opportunities for Directors and Officers

Directors and officers must ensure they have the appropriate information required to perform their duties effectively. Whether your board of directors is new, established, confronting a scandal, or establishing or amending its by-laws , you can help to manage organizational risk.​
November 4, 2019

Risk Management – Directors and Officers Liability

​​​​​​​Directors and officers have a duty to exercise due diligence in overseeing the management of the organization that they serve. They are required to act in good faith and in the best interest of the organization. Claims or potential claims must be promptly reported.
October 28, 2019

Risk Management – Guidelines and Implementation

Providing professional advice and services opens the door to potential risk. ​​​ ​ Professional liability coverage – also known as errors and omissions, or malpractice when it relates to bodily harm – responds to claims that arise from acts of professional negligence.
October 18, 2019

Risk Management – Policies and Procedures

​​​​​​Reduce liability risks: document and train employees and volunteers in risk management best practices.​ ​It’s incumbent on all organizations to proactively identify and mitigate potentially dangerous or harmful situations. Written policies and procedures are important tools for preventing losses and defend​ing your organization in legal proceedings should they occur.
October 11, 2019

Professional Liability – Risk Management

Providing professional advice and services opens the door to potential risk. ​​​ ​ Professional liability coverage – also known as errors and omissions, or malpractice when it relates to bodily harm – responds to claims that arise from acts of professional negligence.
October 1, 2019

Employee Theft

​​​While it may be difficult to consider employees or volunteers as a potential threat to your organization, theft from within the organization does happen. Specialized crime coverage is available to mitigate the risk of internal theft and fraud. ​
September 6, 2019

Building an Anti‑Fraud Plan

Fraud Awareness for Your Business & Commercial Targets and how to Build an Anti- Fraud Plan
Here are things you can do today to protect your organization from fraud.
August 28, 2019

Cyber Crime. Why Small Businesses Can Lose Big

What are cyber criminals after? Whether you run a florist shop, a courier service or a small manufacturing business, you're an attractive target to cyber criminals. You've also got a lot to protect: an estimated 40% ot a small business's worth is derived from the information it owns.
August 12, 2019

Business Fraud

An unsolicited phone call or email that appears to be from a trusted source can lead an employee to inadvertently share confidential information with a criminal. Business fraud can also originate within your organization.....
July 30, 2019

Advancing Cyber Risk Management: From Security to Resilience within Your Business

​​Since 2017, risk experts have consistently ranked large-scale cyber attacks and data fraud among the top five mostly likely risks around the world. Despite growing anxieties about cyber threats, cyber resilience strategies and investments continue to lag. ​
July 26, 2019

Professional Liability or Errors and Omissions

Professional liability – also known as errors and omissions – responds to claims arising from acts of professional negligence. ​​
July 22, 2019

Commercial Property Insurance

Protecting your commercial property is critical to your businesses financial stability.​​​ Commercial property insurance is designed to protect the physical assets of a business against loss or damage from a broad range of causes. A fire, hurricane, ice storm, earthquake and water damage are just some of the natural disasters that business owners need to contemplate. Vandalism is another possible threat to business operations. ​
June 28, 2019

Getting Started Managing Your Risk

Insurance is a valuable risk-financing tool. Few organizations have the reserves or funds necessary to take on the risk themselves and pay the total costs following a loss. Purchasing insurance, however, is not risk management. A thorough and thoughtful risk management plan is the commitment to prevent harm. Risk management also addresses many risks that are not insurable, including brand integrity, potential loss of tax exempt status for volunteer groups, public goodwill and continuing donor support.
June 21, 2019

Business Interruption Insurance

Your ability to generate sales coul​d be threatened at any moment. With business interruption coverage, a business owner can collect the income he or she would have expected to generate were it not for the unexpected event.​​ A bricks and mortar business can be disrupted by a flood, windstorm, earthquake or fire. A named perils business interruption policy covers losses caused by the perils listed in your policy. An all risk policy provides protection against loss caused by any risk that is not specifically excluded from your policy.
June 14, 2019

Business Insurance & Emergency Preparedness

Risk management is a crucial part of every business. Many small- and medium-sized businesses, though, don’t have an emergency preparedness plan in place. In ​fact, a small organization, which operates from one address, is more vulnerable to a major disaster than a larger business with multiple locations. An emergency preparedness plan is essential for organizations of all sizes. Here are ​​​12 Tips for Safeguarding Your Business.
June 7, 2019

Increasing Awareness
of Climate & Environmental Risks Among Businesses

Risk management involves identifying and understanding risks. You can limit your exposure to risks through loss prevention techniques. For individuals and corporations, risk management doesn’t have to be expensive or time consuming. It can be as simple as addressing these 3 questions: What can go wrong? What will you do to prevent the harm or loss from occurring and how will you respond to it if it does occur? If a harm or loss occurs, how will you pay for it? Commercial clients need better tools to help risk managers predict their financial exposure to climate change and geopolitical factors, Canadian risk managers say.
May 27, 2019

General Business Liability Insurance
How it Works and What Coverage is Right for You

If you’ve heard it once, you’ve heard it a thousand times: if you’re starting a business you’re going to need general liability insurance. But what does that mean? What protection does it afford? How do you determine your coverage needs? How does it work? Liability insurance (also known as Commercial General Business Liability) protects a company’s assets and pays for obligations – medical costs, for example –incurred if someone gets hurt on your property or when there are property damages or injuries caused by you or your employees. Liability insurance also covers the cost of your legal defense and any settlement or award should you be successfully sued.
May 17, 2019

​Will My Home Insurance Policy Cover My Home Business?

​​Liability is the greatest risk for home-based businesses. If you operate a sole proprietorship or small business from your home, be aware of, manage and mitigate your business risks. A separate business insurance policy for your home-based business can provide peace of mind. ​A home insurance policy offers a small coverage limit for books, tools and instruments necessary for a business, profession or occupation. As such, if you operate a business from your home, you should inform your insurance representative and obtain additional coverage to mitigate the risk of a potential loss.
April 8, 2019

Business Insurance Coverage

Every organization requires its own set of coverages. Common business policies/coverages include:​ Accounts Receivable, Business Income, Business Interruption, Commercial Automobile, Commercial General Liability (CGL), Commercial Property, Crime, Directors' and Officers' Liability, Home Business, Professional Liability, also known as Errors and Omissions. ​​​Insurance protects you from losses that may pose a significant threat to your business operations. A major loss to one organization may be a trivial loss to another. When selecting coverage, deductibles and policy limits, there are many factors to consider.​​​
March 27, 2019

Insurance For Your Small Business

Your business may have many assets: vehicles, office space and equipment, inventory, an indispensable employee or partner and, most importantly, yourself. To protect these assets and to protect your business from potential risks, you should consider getting insurance. All businesses take some risks, but taking too many risks or failing to protect yourself does not make good business sense. Could your business survive if one of the partners dies or becomes disabled? Would you have sufficient cash on hand to deal with any business emergency that could arise? In many cases, the answers to these and other questions about risk is "no".
February 28, 2019

Five Quick Questions about
Buying Life Insurance, for the Majority of Canadians

One in two Canadians wouldn’t even ask their insurance provider to clarify details of their policy, according to a report from TD Insurance. They think it’s too complicated or they feel embarrassed or they’re simply uninterested. So here are 5 questions to ask to help you understand what you are getting: - How much insurance coverage do I need? - What type do I need? - If I’m buying term, what term is appropriate for me? - If I’m buying term insurance, is it convertible to permanent insurance? - What is my advisor’s experience?
January 31, 2019

Your Legal Liability if Someone Takes a Spill on Your Property

You may be held liable for slips, trips and falls if you don’t provide a reasonable standard of care in keeping your property free from hazards. If you are hosting a yard or garage sale, consider what you can do to prevent the potential for harm. As a tenant, liability may be shared with your landlord. Who is held liable depends on the circumstances of the loss. The following criteria are considered: - Was the danger foreseeable? - Was the homeowner’s conduct in accordance with acceptable standards of practice? - Did the danger exist for an unreasonable amount of time? - How easily could the danger have been prevented?
December 17, 2018

The 12 Days of Holiday Safety

In the true spirit of the season, and to help keep family and friends out of harm's way, here are some tips and helpful hints for The 12 Days of Holiday Safety. On the First Day, prepare your home for the holidays – and safety. Make sure you have a working carbon monoxide detector, smoke alarm, fire extinguisher and a first aid kit. If you live in an apartment or are staying in a hotel, know where the fire alarms and emergency exits are located. On the Second Day....
November 20, 2018

What is Your Insurance Literacy? Know Your Policy (KYP)​​

KYP is an online campaign by the Insurance Bureau of Canada, designed to promote insurance literacy. When people buy insurance, they put money into a premium pool with many others. Some of that pool of money helps people who suffer an unexpected insured hardship due to loss from a home fire, vehicle collision or business interruption in that year. Payouts for these hardships are called claims. Insurers are required by law to have sufficient funds to pay for claims. To better understand this concept, read our piece on insurer solvency.
November 17, 2018

The Future of Insurance: Automated Vehicles

With automated vehicles coming to Canada’s roads in a few years there is a need to update the provincial insurance laws to ensure that people injured in collisions involving these vehicles can be compensated in a fair and timely manner. There is also a need to update the federal vehicle safety standards to reflect the greater reliance on technology in operating these vehicles. Currently, auto insurance policies prescribed in provincial laws are built on the notion that human error is the primary cause of motor vehicle collisions. But, as humans cede control of driving to automated technology, collisions will be caused increasingly by product malfunction.
October 15, 2018

October is Cyber Security Awareness Month

Speciality insurance coverage for cyber liability risks is relatively new to the marketplace. The possibility of cyber liability lawsuits is a reality that every business owner should consider. There have been several very high-profile personal information breaches that affected tens of millions of records and will cost the companies involved millions of dollars. If you rely on an online presence and use e-commerce as a method of distribution or have employees who carry electronics that hold customers’ personal/commercial information, your insurance representative can help you find coverage that will protect your organization.
September 18, 2018

Condo or Strata Coverage?
How Does Condominium Insurance Work?

Condominium unit owners (also known as strata unit owners in British Columbia and some parts of Alberta) experience some of the best aspects of both home ownership and renting. As an owner, you have title to your own unit, as well as a share in common property such as the lobby, rooftop patio, swimming pool, parking garage and other amenities. A bare land strata or condominium may have less common areas, typically just streets or roadways providing access to the units. It is important to note that the definition of what is “owned” by the unit owner depends on the condominium, strata or bare land development.
September 7, 2018

School Zones + Speeding = Dangerous and Expensive

Speed limits are often lower in school zones, and fines for speeding in a school zone are higher than regular tickets (and were recently increased). Obey the posted signs. Exceeding the speed limit by 20 km/h = a $310 ticket, when you add up the base fine, the excess km/h charges, and the victims of crime surcharge. (Trust us; we always got A’s in math.) And a vehicle ticketed 40km/h over the limit = $570. One study found that a vehicle striking a pedestrian at 50 km/h results in a fatality 55 per cent of the time.
August 28, 2018

What is Tenant’s Insurance and Do You Need It?

How much does tenant’s insurance cost? The cost of tenant’s insurance depends on many things, including the amount of insurance you choose, where your apartment is located, how it was constructed, and the insurance company you choose. The value of your contents also determines the cost of your tenant’s insurance. The more you own, the more coverage you will need to replace those contents. You can also purchase optional coverage for risks such as water damage.
July 31, 2018

Summer Season – Are you Vacation Ready? Here are a Few Helpful Tips

Summer is a time for family road trips, outdoor fun in the sun and hopefully lots of great weather. Here are some simple reminders to prepare for safe summer days. Also read a few simple rules to help protect your home while away.
July 25, 2018

Distracted Driving Causes More Deaths In B.C. Than Impaired Driving

Despite tougher penalties, more police enforcement and continued public education, on average, 78 people still don’t make it home to their families every year because of distracted and inattentive drivers.* In contrast, an average of 66 people are killed each year due to impaired driving. In fact, distraction and driver inattention is one of the top contributing factors in motor vehicle fatalities in BC and contributes to more than one quarter of all car crash deaths.
July 6, 2018

Falls are sending more Canadians to the hospital than ever before – Prevention Tips

Unintentional falls resulted in almost 1,800 reported emergency department (ED) visits and 417 hospital stays every day last year, making them the most common cause of injury in 2016–2017. According to new data released by the Canadian Institute for Health Information (CIHI), there were more than 2 million reported ED visits due to injury last year — 653,808 of which were the result of unintentional falls (results are based on partial ED coverage for injuries, at 52%). There were also more than 263,000 injury and trauma hospitalizations last year (meaning the patient spent at least one night as an inpatient).
June 20, 2018

Protect Your Home from Water Flood Damage

In today’s world of extreme weather events, $1 billion has become the new normal for yearly catastrophic losses – most of this is due to water-related damage. What you can do? If you live in an area prone to flooding or sewer backups, it pays to take precautions. From ensuring that important documents are not stored in your basement to installing a sump pump, there are many ways to be proactive.
June 12, 2018

Understanding Insurance

How Is My Premium Calculated? Calculating insurance costs is complicated. Insurers don’t know what the claims costs will be in any given year. That is why premiums have to be based on informed predictions about how much money may be needed to pay future claims. To make those predictions, insurers gather information that they know from experience will help them set fair but accurate premium prices.
May 23, 2018

Spring Cleaning Tips for Your House & Car

During spring cleaning as well as before a move are ideal times to prepare or update your home inventory list. When you increase the value of your home through a renovation or purchase expensive furniture, art, jewellery or other valuable items, notify your insurance professional. Here are 5 Tips for Making a Home Inventory: 1) Keep the bills, receipts, warranties and instruction manuals for your more valuable possessions – these can serve as proof of ownership.....
April 18, 2018

Are You Insured While Away on Vacation?
Tips to Prevent Theft & Fire While You Are Away.

Did you know… ? Some installed smoke detectors may not be in good operating condition. And many homes are still not equipped with smoke detectors. Common causes of fi re are carelessness or accidents with combustible materials or cooking and heating equipment; malfunctions of electrical equipment; smoking; and mishandling of fi re lighting materials. Most burglars enter a home through an unlocked door or open window. Most burglaries occur during the week, in daylight hours.
April 17, 2018

Cyber security must be viewed as a business issue,
not a technology-only issue.

Canadian companies are taking steps towards establishing holistic, integrated safeguards against cyber security attacks, progress that will need to continue as the number of breaches increases, the threat landscape becomes more complicated and attacks grow sophisticated, suggests PwC Canada. Adopting layered protections are advisable, starting with the first line of defence. Cyber security must be viewed as business issue.
March 26, 2018

What Can I Do To Make Certain That I have Enough Insurance?

Why is it Important That I have Enough Insurance? Your home is probably your most valuable asset. With severe weather events on the rise, it is more critical than ever to make sure that your home is adequately insured. If your home is damaged or destroyed, it’s very important that it’s covered for an accurate replacement value. Most homeowners’ policies cover your personal property up to a specific percentage of the total insured value of the home.
February 26, 2018

Are You & Your Home Prepared for an Emergency

​Natural disasters are hitting Canadians with increasing frequency and severity. It’s important to understand the natural hazards to which your community is exposed so you can plan ahead for worst-case scenarios.​Create a family emergency plan. This should include escape routes from your home and your community. Choose an emergency meeting place where your family can gather. Every family emergency plan should include a disaster safety kit.
January 22, 2018

3 Top Questions About Buying Home Insurance to Ask Your Insurance Representative

Home insurance coverage and premiums vary from one company to another and from one policy to another, so it pays to ask questions before you buy. This information is intended to provide answers to the basic insurance questions, your insurance representative is the best resource for any specific questions you may have.
December 28, 2017

Tips on Buying Your Home Insurance

Tips for Insuring Your Home and Contents: 1. Insure for rebuilding costs. 2. With severe weather on the rise, confirm accurate replacement value. 3. Review your home inventory each year when you renew your policy. 4. For high-value jewellery or fine art, consider a separate endorsement. Even a partial loss – such as from a break-in, theft of multiple possessions and related damage – can potentially cause financial hardship. Home insurance protects you from having to pay all at once to replace what was lost at what is often an emotionally difficult time.
November 26, 2017

4 Ways to cut your home insurance costs.

Get insured for only what you need. While most home insurance policies cover personal belongings such as appliances, clothing, furniture and electronic equipment, some policies have limits on specific items, while some items have no coverage and need to be added under special clauses. Do a careful check of what you own, and make an inventory of all your possessions, making note of the approximate cost to replace each item, along with makes, models, serial numbers and other identifying marks.