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Who needs Personal Umbrella Liability Insurance?

Who needs Personal Umbrella Liability Insurance?

Who needs Personal Umbrella Liability Insurance? You do. Accidents happen and we all need to be prepared. The standard liability limits on insurance policies range between $1,000,000 and $2,000,000, but is that enough if you are sued? Personal Umbrella Liability insurance increases the liability limits for all of your underlying personal insurance and works to protect against events that could impact a substantial portion of your future earnings and assets. Legal awards and expenses can escalate quickly and what appears to be a minor incident could develop into a major lawsuit. A Personal Umbrella policy not only pays the court awarded amount up to the limit of coverage purchased, but covers the legal costs in addition to those awards. Personal Umbrella insurance also provides additional coverage that is typically not included on other personal insurance policies, such as coverage for…read more →

Live Well, Work Well – February 2019

Live Well, Work Well – February 2019

In this month’s newsletter, you’ll read about improving your heart health by reducing your stress. In addition, you’ll learn how to   keep your heart healthy through exercise. Looking to Improve Your Heart Health? Reduce Your Stress Heart disease is the number one cause of death in both men and women over the age of 60. While there are risk factors that contribute to heart disease that you can’t control, there are many things you can do to maintain your heart health. One of those things is to reduce your stress. When stress is excessive, it can contribute to a host of health problems, including high blood pressure. If high blood pressure goes untreated, it can result in heart disease. Reducing Your Stress Taking steps to reduce your stress will improve your overall health. Try these tips: Plan and prioritize your…read more →

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 →

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