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What should I do in the event of an accident ?
Ensure your safety, call the police, if necessary, exchange information with the other driver, and contact your insurer as soon as possible. Never adm...
The long-term impact is particularly worrying. Around 60% of Canadian SMEs that suffer a major cyber attack cease trading within six months of the incident. The main reasons are the astronomical costs associated with the attack and the loss of customer confidence.
It's important to review your coverage regularly with your broker. If the value of your assets increases significantly (e.g., through the purchase of new equipment or an increase in inventory), contact your broker to adjust your policy and avoid underinsurance.
The cost of your premium depends on many factors, including the value and type of property insured, the location of your business, the security measures in place, your claims history, and the coverage options you choose.
Standard home insurance generally does not cover commercial activities. It's important to talk to your broker about obtaining adequate coverage, whether through an extension to your home insurance or a separate commercial property policy.
Most standard policies do not automatically include flood or earthquake coverage. However, depending on your risk assessment and the insurer's acceptance, these coverages can often be added as an option.
Commercial property insurance generally covers buildings, equipment, furniture, inventory, and sometimes even third-party property in your custody. The exact coverage depends on your specific policy.
D&O insurance generally covers allegations of mismanagement, contested financial decisions, breaches of fiduciary duty, management errors and omissions, employment-related issues (such as discrimination or harassment), and shareholder or creditor lawsuits.
Corporate liability insurance covers the company against damage caused to third parties. In contrast, directors' and officers' insurance protects individuals in their management functions against lawsuits related to their professional decisions.
Directors' and officers' liability insurance protects company decision-makers against lawsuits arising from their professional decisions and actions. It covers legal defence costs and potential damages, safeguarding their personal assets.
Directors & Officers insurance is essential for company directors, officers, and senior executives, whether publicly listed, private, or not-for-profit. It is also essential for SMEs, startups, and organizations where decision-makers may be personally liable.
By grouping all parties under a single policy, wrap-up insurance eliminates duplication of coverage, standardizes limits and deductibles, and can offer economies of scale, reducing the overall cost of insuring the project.
If your construction activities involve pollution risks (excavation, demolition, etc.), this insurance is highly recommended. It covers clean-up costs and claims related to pollution caused by your work.
