Business Insurance Renewals Often Mean Changes to Terms
March 28, 2024
Commercial insurance rates are increasing on nearly every line of coverage, thanks to a rise in the frequency and severity of claims. And business owners are noticing significant premium hikes at policy renewal time. What might not be as apparent are: Changes to policy requirements New coverage limits Policy exclusions that carriers are enacting to...
Forest Fire & Insurance Q&A
July 27, 2023
When forest fire situations arise, we know there are many questions about insurance coverage, ability or inability to buy new coverage, and available options. We’ll try to address some of the more common questions here, however please remember that every insurance policy can be quite different, this is meant as a general over-view only. If...
Forest Fires and Property Insurance
July 25, 2023
During fire season, we get a lot of questions about coverage relating to fire damage from forest fires. Please remember that every insurance policy is different and if you’re in doubt give your insurance broker a call to verify.
However, by in large insurance policies make no distinction between fire arising from a natural cause (such...
Why a Separate Marine Policy Might be the Right Choice for Insuring your Watercraft
May 8, 2022
With summer fast approaching, it will soon be time to get the boats out of storage and head to the lakes... or maybe this year you are buying a boat for the first time or replacing your old one. In any case, boats can be a significant investment and it’s important to make sure that...
The Basics of Mortgage Insurance
February 19, 2021
Purchasing a home is a dream for most. For those who can’t afford the 20 percent down payment, mortgage insurance can make that dream a reality. Here’s what you need to know about it.
If you default on your mortgage, mortgage insurance protects your financial institution from losing money. Here’s the breakdown: if you purchase a $100,000...
10 Common Risks & Exposures Restaurant Owners Face
January 19, 2021
Those who run restaurants are often some of the most passionate business owners, investing time and money to deliver a high-quality experience to their customers. However, the hospitality industry can be unforgiving, and it’s a constant challenge for owners to deliver exceptional food and service while maintaining profitability.
These challenges are magnified when you consider that...
Financial Support Information
April 6, 2020
Support for Businesses
Managing Staffing and Leave: In response to COVID19 and the necessity for some business to lay off employees the Employment Act has been amended so that following a declaration of emergency by the Government of Saskatchewan the requirement of a business to provide notice, or pay in lieu of notice, is removed for...
Coronavirus Business Interruption Insurance
March 19, 2020
As unprecedented events are unfolding around the world individuals, businesses and governments are responding to the emergence of the COVID19 pandemic. During this time many business owners are turning to their insurance policies in search of coverage for lost income due to necessary business closures and/or reductions in operations.
Before we begin our discussion of how...
9 Most Common Risks Hotel Owners Face
March 6, 2020
Owning and operating a hotel can be a rewarding endeavor. However, hotel operators have to manage numerous exposures related to lodging, and many offer amenities—including pools, exercise facilities, bars and restaurants—that can dramatically increase the number of insurable risks. The list below provides an overview of these hotel risks and more, helping you identify potential...
