Commercial Insurance

How To Recognize When Your Strategic Plan Needs Updating

How To Recognize When Your Strategic Plan Needs Updating

How To Recognize When Your Strategic Plan Needs Updating Information provided by Mentor Works How do you implement your company’s strategic plan? How closely aligned are employees with the broader mandate of your company? When was the last time you did a pulse check to see where strategic deliverables stand? Business leaders should ask themselves these questions regularly, but many are so caught up in the ongoing demands of their roles that they don’t effectively manage a strategic plan. One challenge to sustainably growing a business is the continual development and maintenance of a strategic plan. While most businesses say they have a strategic plan in place, or they’re following a mandate, or they know their objectives, the reality is that most people don’t reflect on how these plans align with the day-to-day situation of the company or how they’ve…read more →

Benefits of Equipment Breakdown Insurance

Benefits of Equipment Breakdown Insurance

Benefits of Equipment Breakdown Insurance Companies need working equipment to operate efficiently and generate revenue. In fact, many organizations rely exclusively on a few pieces of specialized equipment to run their entire business. Following a breakdown, major losses can occur, and many organizations turn to equipment breakdown insurance. This is one of the most important parts of a manufacturer’s protection, as we see more claims from equipment breakdowns than other risks such as fire or water damage. Equipment breakdown coverage is designed to protect a company’s mechanical, electrical, refrigeration, production and computer equipment from unexpected breakdowns. These policies also provide coverage for explosion, electrical problems (arcing, sparking, surge) as these perils are not covered by your regular property insurance. An interruption of business usually goes hand in hand with equipment failure so it’s critical that these risks are specifically addressed….read more →

International Marketplace Insights | July 2019 Edition

International Marketplace Insights | July 2019 Edition

International Marketplace Insights | July 2019 Edition Events, developments, and opportunities in the international marketplace. We occupy a unique position in the international risk management and employee benefits marketplace, and have the ability and resources to help you globally. We provide our clients exclusive access to a dedicated, in-sourced international department, effectively on their payroll and fully integrated within their operations, acting as an extension of their team. Our network provides access to more experience, technical resources, and innovative industry expertise. We are able to provide direct local involvement worldwide and strengthen insurer relations, providing regional knowledge and expertise as well as regulatory compliance. Please contact us at 1-800-661-1518 if you have any questions or concerns regarding international insurance. Recent Successes: Arranged servicing for an admitted General Liability policy for an oilfield equipment company in Western Canada. Placed a local Business Automobile policy in St….read more →

Accelerate Three Export Strategies with Government Grants

Accelerate Three Export Strategies with Government Grants

Accelerate Three Export Strategies with Government Grants Information provided by Mentor Works Canadian businesses often express that finding new clients or partners is a pressing challenge facing their company. This issue can be especially unnerving since unused production capacity results in lost profits and ultimately poorer performance, but this doesn’t have to be the case. Often, gaining access to new clients and partners comes down to expanding your market reach. Exporting products or services to foreign countries and establishing international partnerships could have profound benefits to your organization, but it also brings a degree of risk that must be overcome. Luckily, Canadian government grants are available to help businesses reduce the cost, and therefore risk, of market expansion projects. There are several ways that Canadian businesses can tap into international markets, and the federal/provincial governments extend support for many of…read more →

International Marketplace Insights | June 2019 Edition

International Marketplace Insights | June 2019 Edition

International Marketplace Insights | June 2019 Edition Events, developments, and opportunities in the international marketplace. We occupy a unique position in the international risk management and employee benefits marketplace, and have the ability and resources to help you globally. We provide our clients exclusive access to a dedicated, in-sourced international department, effectively on their payroll and fully integrated within their operations, acting as an extension of their team. Our network provides access to more experience, technical resources, and innovative industry expertise. We are able to provide direct local involvement worldwide and strengthen insurer relations, providing regional knowledge and expertise as well as regulatory compliance. Please contact us at 1-800-661-1518 if you have any questions or concerns regarding international insurance. Recent Successes: Quoted a local General / Products Liability policy for an aerial platform manufacturer in New Zealand. Issued local Property & General Liability…read more →

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