Topic Commercial
Why COVID-19 is hitting your supply chain clients particularly hard
April 15, 2020 by Jason ContantBy clustering suppliers in a region, a single event like COVID-19 can have an even broader impact than typically expected, a Zurich Canada executive said recently. “One of the things that businesses can do is look at where they have…
Meet the restauranteur who’s taking the industry to court over pandemic BI coverage
April 14, 2020 by Greg MeckbachBelieve it or not, some commercial clients expect business interruption insurance to cover loss of income if the business gets interrupted, even if the cause of the interruption is a pandemic. Regina restaurant owner Thomas Siarkos is one such client.…
Brokers seek four relief measures for hard-hit commercial clients
April 13, 2020 by Jason ContantCanadian insurers have rolled out a number of measures to help Canadian homeowners, drivers and business owners in need over the past week, and now Canada’s national broker association is discussing with insurers additional relief measures for commercial clients affected…
The advice some lawyers give commercial clients over pandemic BI coverage
April 9, 2020 by Greg MeckbachBrokers advising commercial clients that business interruption is not usually covered during a pandemic should not be surprised if those clients are hearing something different from their lawyers. “I would caution policyholders to thoroughly review their specific policy language before…
Brokers seek unified response from insurers on 30-day vacancy clauses
April 9, 2020 by Jason ContantCanadian brokers want a uniform response from insurers on how to deal with commercial policies that have a 30-day vacancy or unoccupied clause. Most commercial property policies have such an exclusion, meaning that losses or damage to property is excluded…
COVID 19: Crews aboard cargo ships being denied shore leave for longer periods
April 9, 2020 by Michael MacDonald - THE CANADIAN PRESSHALIFAX – Though international shipping lanes and Canada’s major ports remain open for business, the COVID-19 pandemic is making life miserable for many seafarers. Under the latest rules, Canadian crews aboard most Canadian-flagged cargo vessels have agreed not to leave…
What to tell ‘non-essential’ clients who are closing their workplaces
April 8, 2020 by Greg MeckbachIf your clients are temporarily closing because of the COVID-19 pandemic, this might be a good time for them to undertake some repairs and let the fire department know they are reducing on-site staff, advises commercial insurer FM Global. “Countless…
How to protect your clients from cybercriminals cashing in on COVID-19
April 8, 2020 by Jason ContantBrokers advising clients on cyber insurance during the COVID-19 pandemic will want to make sure there is an appropriate loss of income coverage under the policy, similar to other lines of insurance, a specialist insurer said recently. “If we were…
Big Moves – Gore CEO Heidi Sevcik to retire
April 5, 2020 by Greg MeckbachSevcik was vice president of claims at Gore Mutual when she succeeded Kevin McNeil as CEO in 2014
Mind the gap
April 4, 2020 by Emily Atkins, Freelance WriterIs cyber coverage keeping up with the type, frequency and severity of attacks?
Business, interrupted
April 3, 2020 by Brooke Smith, Freelance WriterBusinesses can lose revenue in any number of ways. Increasingly, they can be shut down for political risks that are beyond the company’s control. Examples of emerging business interruption risks include trade wars, armed conflicts, or political protests. As businesses…
Sticker Shock
April 1, 2020 by Greg Meckbach, Associate EditorHow will underwriters assess your organization’s commercial property risk? A guide to help risk managers avoid renewal surprises in a tough market environment