Commercial Insurance

The 3 Factors That Make Your Funding Application Competitive

The 3 Factors That Make Your Funding Application Competitive

The 3 Factors That Make Your Funding Application Competitive Information provided by Mentor Works Accessing government funding for the first time might seem daunting without knowing how the process works. If your business is new to the funding landscape, it’s important to understand the various funding types and how to navigate the funding process. Once you’ve read up on that, it’s time to select suitable programs. To do that, you need to know if the proposal you’re about to write will be competitive enough to justify funding. The Anatomy of a Government Funding Program Each Canadian government funding grant or loan has a unique set of objectives and eligibility criteria that an applicant needs to be aware of before they apply. Most programs have a website and/or guide that dives into the details of the program in more depth. These…read more →

International Marketplace Insights | September 2019 Edition

International Marketplace Insights | September 2019 Edition

International Marketplace Insights | September 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: Placed an All Risks Property policy including Flood & Windstorm for a gaming equipment company with property located in casinos in the US…read more →

Project Failure Risk: Mitigation and Control Strategies

Project Failure Risk: Mitigation and Control Strategies

Project Failure Risk: Mitigation and Control Strategies Information provided by Mentor Works Projects fail. They fail all the time. We accept their failures and we accept the failure rate as part of business. Per the Standish Group’s CHAOS report, only about 30% of projects 2011-2015 were completed on time and on budget, and over 50% were outright cancelled. What does this mean? An overwhelming majority of projects do not achieve their intended goals. While most projects are completed, there’s a 50:50 chance that it won’t be completed as originally planned. For many organizations, shifting costs and deliverable timelines have become acceptable and projects can still be considered a success if the end deliverable is achieved, regardless of how long it took or how much it cost. Still, there are many reasons why projects fail, and the reasons are typically very…read more →

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 →

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