Canadian Underwriter

News Insurance

Small businesses warn of layoffs, closures if pandemic aid isn’t extended

October 21, 2021 The Canadian Press

OTTAWA – Business groups in Canada are warning that ending federal pandemic-relief programs too soon could send shock waves through the economy. Cutting off wage and rent subsidies as planned on Saturday will force many businesses to reduce their hours,

News Insurance

As small business sentiment drops, Liberals pressed to give benefits extra life

October 6, 2021 Jordan Press - THE CANADIAN PRESS

OTTAWA – A group representing thousands of small businesses says uncertainty over the fate of federal pandemic supports is causing its members to lose confidence in their financial prospects, and pushing the Liberals to provide more life support for ailing

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

News Insurance

Big tax win for brokerage succession plans

June 28, 2021 by David Gambrill

Canadian property and casualty insurance brokers are applauding the passage of Bill C-208, which they say will ease the tax burden for brokerage principals who wish to sell their business to family members. “The changes proposed in Bill C-208 would

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

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 Brokers

Is love in the air? Why it can hurt your brokerage

July 4, 2019 by Adam Malik

Brokerages need to have a formal workplace relationship policy in place. Otherwise, they’re at risk of things getting messy. Workplace issues like bullying and harassment are challenging enough; the problems are only compounded when you add a relationship to the