04 Aug

Commercial General Liability Insurance for Realtors

Commercial General Liability (CGL) insurance is intended to cover damages caused by negligence that has resulted in property damage or bodily injury. CGL policies may also cover defence costs*.

It’s important that brokerages have CGL insurance to protect REALTORS® from third-party claims. While some claims may be covered under a sellers’ insurance policy, Realtors may still be involved in a lawsuit if the property owners seek recovery for damages caused by the negligence of the Realtor. In other cases, the seller may not have insurance and the Realtor will be sued directly by the injured party.

30 Apr

Business Interruption Policies and Coronavirus

 

As the coronavirus (COVID-19) outbreak evolves, businesses face growing uncertainty as to how this pandemic will affect their operations long term. This is especially true when you consider that many organizations—including bars, restaurants, entertainment venues, retailers and manufacturers—have had to close their doors or cease operations as a result of COVID-19. Not only has this severely impacted their ability to serve their customers, but, for some, it has also led to indefinite disruptions—disruptions that could impact their bottom line.

22 Apr

Pandemic Property Loss Prevention Checklist

 

In response to the COVID-19 pandemic, many employers across Canada have had to either temporarily close their business doors or transition to a telecommuting program, leaving their commercial property unoccupied. However, unoccupied properties are more susceptible to vandalism, theft, undetected structural failures and property damage.

16 Apr

Managing Liability Exposures in a Rough Economy

 

An economic downturn can be a turbulent time for businesses in every sector worldwide. Sinking revenues and economic uncertainty can exacerbate our already litigious society, and even companies that successfully weather economic downturns relatively unscathed can still face long-term uninsured risks.

09 Apr

Loss Control Tips for Residential Property Management Companies

 

Managing a property—whether it be an apartment, strata or similar dwelling—can be a challenge, particularly from a risk management standpoint. Even if a property manager only looks after a single space, they face numerous exposures—exposures that can come from a variety of sources and lead to thousands of dollars in damages and loss of income potential in an instant. This resource provides a summary of common risks property managers must address and includes helpful strategies they can use to prevent claims.

20 Mar

COVID-19 & Business Interruption Insurance: A Brief Q&A

 

Got questions about how the current COVID-19 pandemic relates to your commercial insurance? Thanks to the Insurance Bureau of Canada, we’ve got some of the answers to the most pressing questions Canadian business owners are facing.

09 Mar

Top 6 E&O Risks for Insurance Brokers

 

As an insurance broker, most of your duties are centered around developing risk management strategies and solutions for the individual needs of your clients. Given that you’re also responsible for monitoring insurance coverage while providing guidance to protect their financial health, this puts you in a precarious position of risk.

27 Feb

8 Common Risks for Mortgage Companies

 

Mortgage companies are financial institutions that lend funds for purchases of residential and business real estate. The mortgage is paid back over time with interest until the loan is paid off and the purchaser owns the property. It the money is not paid back, the mortgage company can foreclose on the loan and sell the property to recoup their investment.

26 Feb

Cyber Liability for Law Firms

 

Insurance agents and brokers sell insurance products to a variety of consumers, both personal and commercial. Four major categories of insurance exist: property, casualty, health and life. Agents can be captive and represent one company only, or be independent and represent a number of companies. Agents must be licensed in the provinces they represent for the products they sell.

25 Feb

7 Common Risks for Insurance Agents & Brokers

 

Insurance agents and brokers sell insurance products to a variety of consumers, both personal and commercial. Four major categories of insurance exist: property, casualty, health and life. Agents can be captive and represent one company only, or be independent and represent a number of companies. Agents must be licensed in the provinces they represent for the products they sell.

We Can Help

Have questions? Click on the links below and let us know how we can help you today.

Commercial Insurance
Personal Insurance

Recent Posts

Subscribe to the Blog