Author: Insurance Business Canada IBC: How have you seen the insurance market for cannabis risks evolve since recreational use was legalized? Kevin Lea: The market for cannabis insurance in Canada has been slowly evolving since legalization. We’ve seen the continued strength of the MGAs and other wholesalers generally dominating the sector, similar to the way it…
Manufacturing is one of Canada’s most important sectors. Between sophisticated machinery, new regulations, and system interconnectivity, the industry has seen innovative changes in recent years. Often the equipment used by manufacturing companies relies heavily on computers. As more manufacturers move towards business-wide connected software systems, the need for high-quality insurance and risk management expertise increases.…
Dockless electric scooters (e-scooters) have descended upon many major cities across Canada and the US, with Lime and Bird being the two largest companies operating the transportation devices. In Calgary, Alberta, these e-scooters reach speeds up to 20km/h, which have the potential to cause a significant amount of damage. Injuries, road traffic accidents, and even…
CALGARY, AB, September 25, 2019 – Fuse Insurance Ltd. is pleased to announce that the firm has been selected as a finalist for Brokerage of the Year (Under 10 Employees) for the 2019 Insurance Business Canada Awards. The Insurance Business Canada Awards honour and recognize the achievements of top organizations and individuals in the Canadian…
Canada’s legal cannabis market is highly regulated, putting it under the microscope for any products that fall short of these regulations. Product recalls are issued when a license holder or Health Canada becomes aware that there may be a health or safety risk present in a cannabis product or if the product does not meet…
House fires can ignite when you least expect them and can spread uncontrollably within minutes. Even if the fire is put out quickly, it can result in thousands of dollars in damage. It is important to be informed on house fire prevention methods, and to have the right insurance in place if a fire does…
When you’re starting a business, it can be difficult to know what types of liability insurance are right for you. Your business can be exposed to risks that could lead to a lawsuit, which could cause significant financial implications and negatively affect your reputation. Fortunately, with the right liability coverage in place, you’ll be able…
Canadian cannabis companies should be thinking strategically about future expansion into some of the larger markets, such as Europe and the United States. Although doing so won’t come without insurance implications. “We are certainly seeing some complexities there. Some of our clients and other companies within the industry are looking to do cross-border operations,” said…
Final regulations were released by Health Canada on June 14th for the next wave of cannabis products including edibles, extracts, and topicals, which will come into effect on October 17th this year. It didn’t come as a surprise that Health Canada has made protecting public health and safety its top priority in their final regulations.…
If your home or business has been affected by a wildfire, it is important to take the right steps and to act fast to reduce the risks and damage to your property. Naturally, you will want to rebuild and return to your home or business as soon as possible. By following these tips you will…