10 Reasons You Should Be Using an Insurance Broker
October 25, 2024
In today’s fast-paced world, choosing insurance through a direct writer may seem convenient, but there are powerful reasons why working with a broker can offer unmatched value and peace of mind.
Here are 10 reasons an insurance broker is better:
1. Personalized service
An independent insurance broker offers personalized service that direct insurance companies can't match. Insurance isn't...
The Basics of Cross-Border Trucking Insurance
September 20, 2024
Running a trucking operation between Canada and the United States involves careful insurance considerations because the risks and regulations vary between jurisdictions. A good place to start is with comprehensive commercial truck insurance, which typically includes the following coverages: Collision, comprehensive or specified perils: To cover damage to your trucks Primary liability: To cover property...
Business AI Chatbot Risks and Cybersecurity Solutions
September 6, 2024
Artificial intelligence (AI) chatbots have emerged as a leading innovation across multiple industries, from health care to banking to hospitality. These AI-powered assistants can enhance customer service, boost efficiency, perform tasks 24/7 and save business resources.
But the chatbot explosion has also created a new playground for hackers, raising concerns over chatbot security. Don't let the...
What Is Professional Liability Insurance?
July 24, 2024
Professional liability insurance is commonly purchased by professionals and service providers to protect against claims of financial loss due to a failure to meet their profession’s standard of care.
Professional liability, also referred to as errors and omissions insurance, typically covers negligence, errors, omissions, and other mistakes you may make that could financially harm a client....
Assisted Living Facilities Face Daunting Liability Challenges
July 9, 2024
With residents of different ages, health profiles and ability levels, your organization must be agile and aware when it comes to protecting them and your company. Insurance and risk management are the two best ways to mitigate the perils that long-term care facilities face. Let’s look at some basic liability coverages and recommended additions.
Commercial general...
Insurance TLC for Senior Care Facilities
June 27, 2024
Nursing homes are a vital part of caring for the elderly and disabled. But for them to operate at their best, they need to have adequate protection from financial loss. Just one uninsured catastrophe could hurt the entire community.
There are two primary insurance coverages nursing homes need: property and liability. They are available through stand-alone...
Condo Board Liability Checklist
June 20, 2024
Whether it’s for a small group of flats or a high-rise with hundreds of residents, being on a condo board is serious business. Condo boards make critical decisions that affect building maintenance, operations and residents. Use this checklist as a start for risk planning and stay ahead of your board’s liability exposure. Take meeting minutes...
Tune Up Your Auto Repair Shop Insurance
June 3, 2024
Safety challenges and the potential for substantial financial loss are increasing for service stations and auto repair shops. The escalating cost of used cars and the risks associated with repairing electric vehicles are major concerns garages face.
Your insurance requirements as an auto repair shop are unique, and your insurance broker should be well-versed in your...
Insuring Your Commercial Property During a Vacancy
May 16, 2024
Commercial property owners are struggling to balance a positive bottom line as tenant vacancies and insurance premiums increase.
According to Moody’s Analytics’ Q4 2023 Preliminary Trend Announcement, commercial real estate is in limbo. Their analysis revealed the following trends: Multifamily, office and industrial spaces declined in rentals and sales High interest rates squeezed funding and refinancing...