How much does commercial vehicle insurance cost in Alberta? There is no single price because commercial auto premiums depend on the vehicles, business use, driving radius, number and experience of drivers, claims history, coverage limits and deductibles. A vehicle used occasionally for local work can be priced very differently from a fleet used for deliveries […]
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What is business interruption insurance? Business interruption insurance can help replace lost income and cover certain ongoing expenses when a business must temporarily reduce or stop operations because of a covered property loss. Coverage may include expenses such as rent, payroll or extra costs needed to keep operating, depending on the policy. It generally works […]
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What does cyber insurance cover? Cyber insurance can help with certain costs arising from covered events such as data breaches, ransomware, privacy claims, system interruption and cyber incident recovery. Depending on the policy, coverage may include notification expenses, forensic investigation, legal costs, business interruption and third-party liability. Policies vary widely, so businesses should compare limits, […]
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What does pollution liability insurance cover? Pollution liability insurance can cover certain cleanup costs, third-party bodily injury, property damage and legal liability arising from a covered pollution event. It can be important because standard commercial general liability policies may exclude or restrict pollution claims. The exact protection depends on the policy, so businesses should review […]
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Preventing cyber-crime is a top priority, and for good reason: the threat level is higher than ever. According to Varonis, data breaches exposed 36 billion records in the first half of 2020. While partnering with a Managed Services Provider (MSP) can help enhance cybersecurity, no network should ever be assumed 100% secure. Cybersecurity insurance is […]
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What insurance does a remote business need? A remote business can still face liability, cyber, professional, equipment and business-interruption risks even when employees work from home. Home insurance may not fully cover company equipment or business activities, and remote access can increase cybersecurity exposure. Coverage should reflect where equipment is located, what data employees access, […]
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What does sewer backup coverage cover? Sewer backup coverage can help pay for certain damage when sewage or water backs up into your home through a sewer, drain or sump system. Depending on the policy, it may help with cleanup, repairs, damaged belongings and additional living expenses. This coverage is often optional, so homeowners should […]
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What does business interruption insurance cover? Business interruption insurance can help replace certain lost income and continuing expenses when a covered loss forces a business to reduce or temporarily stop operations. Depending on the policy, it may help with expenses such as rent, payroll or extra costs needed to resume operations. Coverage is subject to […]
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What insurance does a machine shop need? Machine shops often need a combination of commercial property, equipment breakdown, commercial general liability, business interruption and product or completed-operations coverage. Depending on the work performed, they may also need pollution liability, cyber insurance, commercial auto or specialized coverage for expensive machinery and customer property. A broker should […]
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It seems that nowadays technology evolves at an alarming rate. As our use of computers and information technology expands, so too does its use in the business world. Businesses large and small rely more and more on technology to conduct everyday business – store information, automate transactions, marketing, and more. Computers have helped to increase […]
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