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small business

News Insurance

Ontario court certifies class-action against insurers related to COVID-19

September 1, 2021 The Canadian Press

TORONTO – Ontario’s Superior Court of Justice has certified a class-action lawsuit against fourteen insurance companies that denied business interruption claims related to COVID-19. The class action, launched by several small businesses including a suit store, a smoothie shop and

pandemic remote work
News Insurance

Pandemic enabled small- and medium-sized businesses to work remotely: survey

June 15, 2021 Salmaan Farooqui - THE CANADIAN PRESS

At Jeremy Shaki’s tech education company, his workforce of around 75 people weren’t always so keen on remote work. But as the pandemic stretches on, and Lighthouse Labs invested more into the necessary infrastructure and employee programs to make remote

News BrokersCommercial LinesInsuranceMGAsTechnology

The real advantage of straight-through processing in the Lloyd’s market

May 31, 2021 by Greg Meckbach

Managing general agents who can place small business coverage digitally through the Lloyd’s market are at a competitive advantage over MGAs using traditional paper-based processes, an insurtech CEO suggests. “We are one of the very few MGAs that has straight

News Insurance

Are you offering insurance products that your clients want during the pandemic?

March 16, 2021 by Jason Contant

Seven in 10 consumers and small business owners want home protection and usage-based insurance policies for the current remote working environment, a recent survey from Ernst & Young found. “With consumers spending more time at home and online, new concerns

News Insurance

B.C. eases requirements, extends deadline for small business recovery grants

March 5, 2021 The Canadian Press

VICTORIA – The B.C. government has eased the eligibility requirements and extended the deadline for small and medium-sized businesses applying for funds under its $345-million pandemic recovery grant program.   Businesses with up to 149 employees must now show a 30

News Insurance

Nearly two-thirds of small businesses would use rapid testing of employees: survey

February 19, 2021 The Canadian Press

OTTAWA – Nearly two-thirds of Canadian small businesses would consider using rapid testing to screen employees if it would help their business to stay open, says a recent survey. The Canadian Federation of Independent Business says 63 per cent would

News Insurance

CFIB raises estimate of small businesses at risk of closing permanently

January 22, 2021 The Canadian Press

TORONTO – More than 200,000 Canadian businesses could close permanently during the COVID-19 crisis, throwing millions of people out of work as the resurgence of the virus worsens across much of the country, according to new research. The Canadian Federation

News Insurance

Saskatchewan restarts emergency grants for small businesses hit by COVID-19 rules

December 3, 2020 Stephanie Taylor - THE CANADIAN PRESS

REGINA – The Saskatchewan government is reviving an emergency grant program for small businesses that have been hit by restrictions aimed at stemming the spread of COVID-19. The province will begin accepting applications for its small business emergency payment program

News Insurance

Insurers pledge small business help as pressure mounts to address rising rates

October 29, 2020 The Canadian Press

A group representing Canadian insurance companies say it is launching a team that will help small businesses find affordable coverage as rates rise because of the pandemic. The Insurance Bureau of Canada, an association that represents the industry, says the

News BrokersClaimsInsuranceRiskTechnology

These types of businesses are in serious need of a cyber policy

May 28, 2020 by David Gambrill

With ransomware and financial fraud on the rise, smaller businesses in Canada are vulnerable, particularly less-sophisticated organizations that move large amounts of money. For smaller brokerage houses selling cyber, examples of your next opportunities may be car dealers, people involved

News Employment

Small businesses seek rapid rent relief measures as Trudeau promises more support

April 16, 2020 Ian Bickis - THE CANADIAN PRESS

TORONTO – Small businesses are hoping for promised rent relief from both landlords and government as the COVID-19-related shutdown drags on and their bills pile up. The urgency comes as some landlords have already started issuing eviction notices for businesses

News Insurance

Small businesses say singular approach to wage subsidies doesn’t fit them all

April 7, 2020 David Friend - THE CANADIAN PRESS

TORONTO – When the impact of COVID-19 led Hongwei Liu to temporarily lay off some employees and slash company forecasts, the founder of Waterloo, Ont.-based technology startup MappedIn hoped he might qualify for a helping hand under the federal government’s