Covid in Canada and Business Insurance

COVID-19 and your Business Insurance Policy

Are you unsure about if your insurance policy covers business interruption?  Coronavirus (COVID-19) has brought up many questions surrounding how Canadian insurance policies may respond to business interruptions. Unfortunately, there is not generally coverage offered from commercial insurance and traditional business interruption policies that will cover disruption due to pandemic. Most business interruption policies have…

Ransomware in Manufacturing and Construction

Ransomware in Manufacturing and Construction

Manufacturing and Construction are among the top industries targeted by ransomware. The transition from old technology to newer innovations often means more system interconnectivity, which introduces new cyber risks. In the 2020 Allianz Risk Barometer Report, cyber incidents were revealed to be the most important business risk globally, with business interruption following closely behind. Cyber…

Manufacturer’s E&O Coverage: Why Manufacturers Need It

The Canadian manufacturing industry is fiercely competitive, with supply chains that leave little room for disruption or error. Despite a growing amount of risks, many of the liability exposures faced by manufacturing companies aren’t addressed in traditional general liability or product liability policies. Manufacturer’s Errors and Omissions (E&O) insurance can fill the gap in coverage…

The Next Frontier for Cannabis Kevin Lea Interview

The Next Frontier for Cannabis

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…