Canadian Underwriter

Keyword
hospitality

Small business closed due to COVID-19
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Why the pandemic hit these Canadian sectors particularly hard

August 16, 2022 by Jason Contant

Hospitality was the sector hardest hit by the pandemic in Canada, but that industry was already challenged with access to capacity prior to both the pandemic and the current hard market, Deloitte said in a recent report. The impacts of

Karim Chandani, pictured wearing a navy suit and red patterned tie.
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Hub’s new hospitality cross-border practice leader

April 21, 2022 by Alyssa DiSabatino

Karim Chandani is Hub International’s cross-border practice leader for its hospitality specialty.   Chandani previously held a role at Hub as vice-president of hospitality from 2019 to 2022. He has nearly 10 years’ experience in Hub’s hospitality and real estate

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What to do when restaurant and hotel clients can’t find coverage

August 20, 2021 by Greg Meckbach

Commercial brokers wanting to place coverage for restaurants and hotels need to understand how those clients were affected by the pandemic and make the best case on their risk profile to carriers, says the CEO of Insurance Brokers Association of

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Hospitality cover? This is a job for the Business Insurance Action Team

March 15, 2021 by Greg Meckbach

Hospitality clients are starting to get coverage from multiple carriers on a subscription basis through the Business Insurance Action Team, says the CEO of one of the participating insurers. Cambridge, Ont.-based Gore Mutual is participating in the BIAT, launched in

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Business interruption insurer could be sued by this Canadian restaurant owner

February 9, 2021 by Greg Meckbach

An Ontario-based restaurant company whose sales dropped more than 50% during the pandemic may be taking legal action against its business interruption insurer. In a recent securities filing, SIR Royalty Income Fund said its business interruption claim from the COVID-19

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What brokers need to do to place hospitality coverage

December 16, 2020 by Greg Meckbach

When it comes to the hospitality sector, insurers’ risk appetites are constantly changing and underwriters are especially concerned about clients who get most of their revenue from alcohol, a managing general agent reports. “A broker has to spend a lot

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Feeling more like a career counsellor than a broker these days? That’s not a bad thing.

December 14, 2020 by Adam Malik

Based on estimates of 160,000 Canadian small businesses at risk of closing due to the COVID-19 pandemic — or even as many as 225,000 closures, per the Canadian Federation of Independent Business — brokers have a part to play in

News Insurance

What brokers should be telling their hospitality clients

December 2, 2020 by Adam Malik

Brokers are having some frank conversations with clients in the hotel and restaurant business about the realities they’re facing and how to survive the troubles ahead, says a hospitality broker leader. “The truth is that if anybody is going to

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This Canadian insurer may want to cover your hospitality clients

November 17, 2020 by Greg Meckbach

Brokers struggling to find coverage for small and mid-sized restaurant and hotel clients may now have a new option available, and it’s already getting a response. CAA Club Group’s Echelon subsidiary announced Monday it is offering up to $5 million

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Intact’s message to politicians wanting more commercial insurance regulation

November 5, 2020 by Greg Meckbach

Imposing more regulation on commercial carriers is not going to help make coverage available for clients who are having a hard time finding insurance, Intact CEO Charles Brindamour suggests. “I don’t think that scaring insurers is the way to bring

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How IBC plans to help restaurants find insurance

October 29, 2020 by Greg Meckbach

Clients in the hospitality sector who cannot find affordable coverage can now go directly to the Insurance Bureau of Canada for help. IBC has hired a risk manager to help commercial clients improve their risk profile, said Jordan Brennan, IBC’s

News BrokersInsuranceMarkets / Coverages

Where capacity is tightening in general liability lines

July 10, 2018 by David Gambrill

In general liability lines, where pricing and competition are still healthy, brokers are more likely to notice windows of opportunity that are now starting to close – particularly in the hot tar and hospitality lines. “Competition is out there, capacity