One of the most pressing business risks, and one that is feared by businesses from around the world, is Business Interruption (BI). Luckily, there is BI Insurance available that can cover your business’s physical or virtual damage in the event of a loss. BI insurance can benefit businesses of many shapes and sizes, including industrial…
The buzz around micro cultivation is continuing to build both for those interested in starting their own business and for larger Licensed Producers (LPs) looking to partner with craft cannabis growers across Canada. Under the Cannabis Act, small-batch growers can apply for a micro-cultivation license. Under the regulations in the Act, a micro-cultivation license permits…
In our previous blog post, we discussed general host liability, which provides protection for the serving of alcohol by a non-liquor or cannabis-related business. If your company is directly alcohol-related, and is involved in manufacturing, selling or serving alcohol or cannabis, then host liquor policies under general liability insurance usually won’t protect you against claims.…
Photo credit: Nikoleta Antonak, @nikitafu A common question, but one you may not have a clear answer to: what vehicle modifications are illegal in Alberta? The answer can be found in the Traffic Safety Act, but keep in mind that many modifications that may be legal on the road might not sit well with your insurance…
Whether you’re sharing a beer with employees on a Friday afternoon or hosting a company golf tournament, there’s more to think about when alcohol or cannabis is involved. As soon as you take on the roll of the “host”, you are responsible for ensuring that there are no negative consequences that result from providing and…
Alberta is home to over one third of Canada’s legal cannabis stores. At 65 operational locations, the province has more open stores per capita than any other province. According to a report published by Statistics Canada, Canadians spent $43 million at cannabis shops in October, and a further $54 million in November. These numbers are…
What’s going on with Auto Insurance in Alberta? Ever since Alberta introduced its auto cap on automobile insurance premium increases, it has brought a number of risks as a result, including brokers losing their contracts with carriers, drivers being priced out of insurance coverage and an increased number of uninsured drivers on the roads. In…
Canadians love to express themselves, but some license plates are just too rude for the road. Manitoba’s Public Insurance (MPI) company revoked a Star Trek fan’s custom license plate after receiving complaints that it was offensive. The license plate read “ASIMIL8” and was a nod to The Borg species in Star Trek. Even if the…
Author: Insurance Business Canada Kevin Lea (pictured) got the entrepreneurial bug early on, starting his own landscaping company by the age of 22 and building a book of almost $700,000 in commissions in just three years while he was a senior account executive at Rogers Insurance. Now, Lea has launched Fuse Insurance, which is the…