Blog
International Insurance Newsletter | February 2019 Edition

International Insurance Newsletter | February 2019 Edition

International Insurance Newsletter | February 2019 Edition Recent Successes: Coordinated and completed the fronting and reinsurance process into Lloyd’s for phase I of a multi- year construction project in Mexico. Bound Package policy for Property and General Liability risks in Puerto Rico for a provider of consultation services for invisible dental braces and aligners. Bound an International Liability Program along with a separate K&R policy for a company providing technical oversight as part of a plant maintenance project at a power plant in Mexico. Mexico A growing number of Mexican truckers are armoring up their big rigs in order to keep their cargo safe from hijackers. As cargo thefts in Mexico have doubled from their 2015 rate to more 30 per day, truckers and shippers are desperate to try to deter cartels and gangs. Even more worrisome than the uptick in…read more →

The Benefits of Business Interruption & CBI Insurance?

The Benefits of Business Interruption & CBI Insurance?

Continuity is critical in business, and there are few things more important than continuous revenue and cash flow, particularly for small to medium-sized organizations. In fact, just one brief business interruption can be incredibly costly for an organization, often leading to serious reputational damages or long-term closures. That’s where business interruption insurance can help. This form of coverage provides protection against a variety of common interruptions, including natural disasters, equipment damage and vandalism. The following are some other major benefits of business interruption insurance: Revenue. In the event of a disruption, business interruption insurance provides coverage for income your business would have earned during a closure period if it had been operating normally. Rent or lease payments. Even if your premises are unusable following a disaster or other event, many leases still require that you make payments. Business interruption insurance…read more →

Ontario’s New Distracted Driving Laws

Ontario’s New Distracted Driving Laws

Ontario’s New Distracted Driving Laws Drivers convicted of distracted driving under the new laws will be punished with a licence suspension, a hefty fine and demerit points. The severity of the punishment increases with the number of subsequent offences committed: First offence: 3 days suspension and $1,000 fine Second offence: 7 days suspension and $2,000 fine Three or more offences: 30 days suspension, $3,000 fine and six demerit points Police will not be able to seize driver’s licences at roadside. They would have to get the approval of a judge in order to be able to suspend any driver’s licences. “It will not be a roadside suspension by a police officer, it will be conviction at court for an offence of distracted driving. Once you’re convicted, whether it is through a guilty plea or trial, you will lose your licence…read more →

Live Well, Work Well – January 2019

Live Well, Work Well – January 2019

This month’s Live Well, Work Well issue discusses fad diets and winter illnesses. Beware: New Year = New Fad Diets Jan. 1 signals a new calendar year, and for many Canadians, a “new year, new me” mentality. In fact, getting in shape is consistently one of the most popular New Year’s resolutions. While making lifestyle changes, as approved by a doctor, is not a bad thing, turning to a fad diet to achieve a resolution of getting in shape is not ideal or healthy. What’s a fad diet? Fad diets typically promise quick weight loss, oftentimes through unhealthy and unbalanced dieting. A diet can be considered a fad if it: Claims to help you lose more than 1-2 pounds per week Promises that you’ll lose weight and keep it off without giving up fatty foods or starting an exercise program…read more →

International Insurance Newsletter | January 2019 Edition

International Insurance Newsletter | January 2019 Edition

International Insurance Newsletter | January 2019 Edition Recent Successes: Placed a Combined General and Employers’ Liability policy as part of a controlled program for a construction project management company establishing an office in the UK. Placed US Workers’ Compensation and quoted an extensive set of Liability coverages for the exposures of a foreign owned networking club for business women opening up in the USA. Bound international Premises and Pollution Liability policies for a leading manufacturer of Specialty Chemicals. Global Cross-border supply chains are shifting as manufacturers turn away from Chinese suppliers with the ongoing US-China trade war. The sourcing of new suppliers is creating stiff competition as firms seek to find new production facilities in neighboring Asian countries. This is driven by the risk of greater US tariffs on China and fears that territories such as Vietnam and Thailand can only…read more →

Dan Lawrie Insurance Brokers - Travelers Insurance Logo Dan Lawrie Insruance Brokers - Economical Insurance LogoDan Lawrie Insurance Brokers - Novex Insurance LogoDan Lawrie Insurance Brokers - Aviva Insurance LogoDan Lawrie Insurance Brokers - Chubb Insurance LogoDan Lawrie Insurance Brokers - Intact Insurance LogoDan Lawrie Insurance Brokers - PemBridge Insurance LogoDan Lawrie Insurance Brokers - Gore Mutual Insurance LogoDan Lawrie Insurance Brokers - PafCo Insurance LogoDan Lawrie Insurance Brokers - Premier Marine Insurance LogoDan Lawrie Insurance Brokers - Jevco Insurance LogoDan Lawrie Insurance Brokers - Aviva Elite Insurance LogoDan Lawrie Insurance Brokers - Manulife Insurance LogoDan Lawrie Insurance Brokers - Equitable Life LogoDan Lawrie Insurance Brokers - The Great West Life Insurance LogoDan Lawrie Insurance Brokers - Sun Life Insurance LogoDan Lawrie Insurance Brokers - The Co-Operators Insurance LogoDan Lawrie Insurance Brokers - Waterloo Insurance LogoDan Lawrie Insurance Brokers - CAA LogoDan Lawrie Insurance Brokers - North Bridge Logo