Topic Commercial
Why the court upheld Intact’s enforcement of a 2-year deadline to rebuild
February 20, 2020 by David GambrillA company that had its commercial building destroyed in a 2011 fire is not entitled to a $3-million payment from Intact Insurance to replace the building, because the company did not rebuild within the two-year time limit specified in a…
How IBC plans to keep insurance “affordable and available” across Canada
February 18, 2020 by Jason ContantFollowing years of significant commercial insurance losses, Insurance Bureau of Canada (IBC) has launched a national task force to examine ways to help Canadian consumers mitigate risk and manage costs. The National Commercial Insurance Task Force will bring together insurers,…
Overseas working conditions: Is your client on the hook?
February 8, 2020 by Greg Meckbach, Associate EditorCorporate clients who get their goods from jurisdictions with inadequate protection for workers’ rights could end up being named as defendants
Commercial clients should do this before they leave for the day
January 16, 2020 by Greg MeckbachAre your clients checking the bathrooms before they leave work for the day? “The last thing you want is to leave someone with access to your property after the doors have been locked,” Northbridge Insurance noted in Closing time: Making…
How all-encompassing is the war risk exclusion?
January 15, 2020 by Greg MeckbachExclusions in commercial insurance for losses arising from violence might be broader than some of your clients think. “The war risk exclusion does not just apply where war has been officially declared between two or more countries,” said Lalita Mohabir, national…
Why you should be prepared to accept PayPal
January 13, 2020 by Greg MeckbachAs society becomes more accustomed to paying its bills using modern electronic methods, how should brokers respond? “For the new consumer, they are so used to paying in many many different ways. We should be allowing customers to engage on…
Where did that slip and fall liability reform bill land?
January 9, 2020 by Greg MeckbachWill the Ontario government get around to reforming liability for slips and falls on ice before the winter ends? Bill 118, which passed second reading June 6, is intended to make it easier for clients to defend themselves against lawsuits…
“Throw-in” crime coverage: A judge’s cautionary advice to brokers
January 3, 2020 by David GambrillA recent Alberta Court of Queen’s Bench decision warns brokers not to overlook advising their clients on “throw-in” crime coverages in pre-set commercial insurance policies. The court concluded that crime coverage is “core” to a commercial insurance policy — even…
Why brokers need to keep abreast of regulatory changes for cannabis
January 3, 2020 by Jason ContantBrokers with cannabis clients need to keep an eye on the changing legal landscape and cannabis companies’ evolving needs, paying particular attention to directors’ and officers’ liability, a managing general agency told Canadian Underwriter recently. Recreational cannabis became legal in…
Manitoba government’s oversight of commercial vehicles inadequate: auditor
December 19, 2019 by Steve Lambert - THE CANADIAN PRESSWINNIPEG – The Manitoba government’s oversight of the trucking industry and other large commercial vehicles is inadequate in part due to infrequent inspections and improper checks before operators are certified, the province’s auditor general said Wednesday. In a 65-page report,…
Why even cyber policies might not cover cyber losses
December 13, 2019 by Jason ContantPolicies that don’t specifically include or exclude cyber losses (“silent cyber”) have long been a concern of insurers, but you’d think a data breach loss would be covered by a cyber policy, right? Not always. The devil is sometimes in…
How Marsh sees the broker role evolving around cyber insurance
December 11, 2019 by Jason ContantBrokers are finding they have to educate themselves more on the legal and technical side of cyber rather than on the cyber insurance policy itself, a speaker said recently at Insurance Bureau of Canada’s Commercial Insurance Symposium. “What we’ve noticed…