Commercial Insurance

Ontario Government Cancels Planned Minimum Wage Increase

Ontario Government Cancels Planned Minimum Wage Increase

Ontario Government Cancels Planned Minimum Wage Increase The Ontario government says it will not proceed with a planned increase to the minimum wage that was to kick in next year. The minimum wage will remain at $14 an hour rather than rising to $15 as planned. The increase, which would have taken effect on January 1, 2019, was announced back in May of 2017 as part of then-Premier Kathleen Wynne’s Fair Workplaces, Better Jobs Act, known as Bill 148. Current Premier Doug Ford is working to repeal Bill 148. The bill mandates equal pay for part-time and temporary workers doing the same job as full-time employees and increases vacation entitlements to three weeks after a worker has been with their company for five years. It also requires employees to be paid for three hours if their shift is cancelled within 48…read more →

Five Challenges That Are Affecting The Aerospace Industry

Five Challenges That Are Affecting The Aerospace Industry

There are challenges in every industry sector, but with the aerospace industry having a larger international footprint than any other sector, it is understandable that it is facing a multifaceted and complex future. From some points of view, the skies may seem encouraging. We have seen high demand for air travel, a backlog of new aircraft orders, innovative technology and a resurgence in the business aircraft sector and much more. As technology and other factors change, develop and grow the following 5 challenges are expected to play a significant role in shaping the future of the Aerospace Industry. 1. SUPPLY CHAIN AND DIGITALISATION The aerospace supply chain often spans the entire globe, and which incorporate closer collaboration than ever, tight deadlines and an extreme high level of digitalization. A recently published study has revealed another side to this in fact….read more →

Four Reasons Why Business Owners Should Consider Life Insurance

Four Reasons Why Business Owners Should Consider Life Insurance

1. DEATH OF A KEY PERSON The smaller your business, the more critical you’re likely to be to the success of the business. What if you were gone tomorrow? What if you’re a large company and an employee – perhaps your most important employee – dies suddenly? Having insurance on the lives of key people in your business will provide cash to the business that could be critical to smoothing over a rough period, or even keeping the business afloat, while the rest of the team looks to find a successor. No wonder many lenders, and investors, require companies to carry key-person insurance. You’ll be glad to know that if the insurance is required as a condition of borrowing money, a portion of the premiums will be deductible for tax purposes. But if you buy a $500,000 policy to pay…read more →

Phishing Scams: Easy Tips To Avoid Them

Phishing Scams: Easy Tips To Avoid Them

Phishing Scams: Easy Tips To Avoid Them Phishing emails are built on a simple premise. Hackers access sensitive information – the kind of information that only the victims would know – and then use this to convincingly impersonate a company’s CEO or other internal employee, client, customer, or supplier. These emails usually fall into two categories: those targeting data or those targeting money. The trouble is that phishing scams can look amazingly genuine because they often incorporate real information. Although you might not be able to spot them at first, the good news is that a little extra vigilance will go a long way in preventing the hackers from getting what they want. DATA Whenever you receive a request to transfer sensitive data, it’s a good idea to first verify the authenticity of the request by speaking to the sender…read more →

Benefits of Cyber Liability Insurance

Benefits of Cyber Liability Insurance

Benefits of Cyber Liability Insurance When cyber attacks like data breaches and hacks occur, they can result in devastating damage. Businesses have to deal with business disruptions, lost revenue and litigation. It is important to remember that no organization is immune to the impact of cyber crime. As a result, cyber liability insurance has become an essential component to any risk management program. Cyber liability insurance policies are tailored to meet your company’s specific needs and can offer a number of important benefits, including the following: Data breach coverage. In the event of a breach, organizations are required by law to notify affected parties. This can add to overall data breach costs, particularly as they relate to security fixes, identity theft protection for those impacted by the breach and protection from possible legal action. Cyber liability policies include coverage for these…read more →

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