In January 2018, the Standing Senate Committee on Transport and Communications delivered a report on the regulatory and technical issues related to autonomous vehicles in Canada. Working with evidence provided by industry stakeholders, automakers, lawyers and police, the Committee provided recommendations regarding the federal government’s role in the arrival of autonomous vehicle technologies in Canada.
Although there’s still much to be learned about self-driving cars, Canada is ready to dive into the development and testing of autonomous vehicles and any related technology. Aside from the Canadian government expressing support for such research and development, Canada also has a dedicated automotive sector that’s complemented by the autonomous vehicle testing that’s already taking place on public roads and at test centers.
While insurance may seem like the answer to every risk you face, increasingly non-insurance techniques are being implemented by organizations within the life sciences and technology space. From medical device to biotechnology, pharmaceutical firms and more, risk management strategies are being employed to blend insurance and non-insurance techniques in order to reduce uncertainty and the financial consequences of loss.
In today’s business climate, organizations are expected to extend credit to their customers, as it enhances purchasing power and creates opportunities that may not have been available otherwise. However, offering credit is a balancing act for most businesses, as just one late payment or customer insolvency can put stress on an organization’s cash flow and profitability.
Technology companies own valuable intangible assets, such as sensitive data, software and intellectual property, which a general liability policy doesn’t account for. General liability provides protection in the event of bodily injury or property damage. Technology insurance coverage is designed to protect against the significant risk of economic loss related to intellectual property, network liability and network and cyber property security.
Understanding the complexities of intellectual property is key for technology companies because a majority of their market position is based on innovations and expertise. Intellectual property refers to the intangible assets of a business, including patents, copyrights, trademarks and trade secrets. These assets are often the most valuable and least understood assets of a corporation.
Accounts receivable are often a business' largest asset. If your customers are unable to pay what they owe, potential credit losses can present a substantial threat to your business. Trade credit insurance -- also known as credit insurance or export credit insurance -- is a form of insurance that transfers risk for businesses seeking to protect their accounts receivable against nonpayment.
As a small business owner, you have poured your heart and soul into your work. Building your own business venture takes drive and passion. Protecting what you have built requires you to spend smart and plan carefully for any unexpected bumps along the way.
Small businesses do not always have the time or resources to dedicate much to their marketing efforts, but they have a lot to gain from interacting with customers online.
Crime is everywhere. From petty street crime to multi million dollar fraud, it can take many different forms. There are many ways businesses can suffer from crime – from an employee who has their hand in the cash register to an embezzling accountant. Your organization, whether a corporation or a nonprofit, can also be vulnerable to crimes like robbery and burglary. Crime is one of the biggest ways companies and corporations can lose money and assets.