Automobile Insurance ExplainedBy Minerva COctober 10, 20170 comments All about Automobile Policy Coverage If you are trying to make sense of your automobile policy coverage options and the limits that you need, we can help. We’ve covered the basics to help you read and understand your coverage options and policy language. The following ...
Cyber Security for Your Small BusinessBy Minerva COctober 10, 20170 comments Statistics show that roughly 60% of small businesses will close permanently within six months of a cyber attack. High-profile cyber attacks on companies such as Target and Zappos have generated national headlines and have raised awareness of the growing threat ...
Auto Body Shops: Think Twice Before Allowing Customers in the GarageBy Minerva COctober 10, 20170 comments As an auto body shop employee, you already know what kinds of risks are associated with your job. Auto body shops present a variety of hazards, including the use of dangerous chemicals, exposure to paint fumes, exposure to sanding dust, metal fumes from welding and cutting, ...
What Does a Typical Commercial Umbrella Liability Insurance Policy Cover?By Nick RaffoulJune 7, 20170 comments Purchasing business insurance is one of the first considerations owners make when deciding to start a new venture. A business will require several different insurance policies in order to manage risk effectively. The nature of your business venture will determine the types ...
Surety Bonds for General Contractors Help Guarantee Project CompletionBy Nick RaffoulJune 7, 20170 comments Construction bonds are a means of redistributing the risks associated with a particular construction project. While a surety company may be a part of an insurance company, a surety bond is not your typical insurance policy. Surety bonds consist of an agreement between three ...
Finding the Right Project Protection Liability CoverageBy Nick RaffoulJune 7, 20170 comments Recently, Canada’s real estate market has been the subject of national debate. As the market remains in a frenzy, contractors and project owners continue to push forward on new construction projects that add value to and take advantage of the current market conditions. ...
Explaining Two Types of Project Protection Insurance Coverage for Contractors and OwnersBy Nick RaffoulJune 7, 20170 comments In recent years, the construction output in most Canadian cities has been steadily rising. The Canadian housing market continues to defy expectations, which means there are a number of unfinished projects to be completed in the near future. When it comes to completing ...
Finding the Right Product Recall Coverage for Tool and Die ShopsBy Nick RaffoulJune 7, 20170 comments Quality control plays a major role in the prevention of product recalls. Many product recalls and failures are avoidable. Products that do not undergo thorough analysis and testing during all phases of the design and manufacturing process are susceptible to a higher failure rate, ...
Product Recall Coverage for Metal Stamping ShopsBy Nick RaffoulJune 7, 20170 comments Body of Content 500-550 word count unless otherwise specified. Ensure that your content matches that of the provided requirements (neutral or company specific) and is informative ...
Manage Risk with Product Recall Coverage for Metal Manufacturing JobsBy Nick RaffoulJune 7, 20170 comments Body of Content 500-550 word count unless otherwise specified. Ensure that your content matches that of the provided requirements (neutral or company specific) and is informative ...
Product Recall Coverage for Metal Fabrication ContractsBy Nick RaffoulJune 7, 20170 comments Product recall coverage for metal fabrication companies is the first step in managing risk when agreeing to a contract with an original equipment manufacturer (OEM) or value-added reseller (VAR). Each year, product recalls are costing companies upwards of $1 trillion, ...
Minimize Risk Upstream with Product Recall Coverage for Machine ShopsBy Nick RaffoulJune 7, 20170 comments Product recall coverage for machine shops is essential for companies that want to minimize risk upstream in the supply chain. When entering into a contract, every manufacturer incurs specific risks. In the manufacturing industry, managing risk effectively is one of the ...
Product Recall Coverage for Auto Parts Helps Mitigate Supply Chain RiskBy Nick RaffoulJune 7, 20170 comments While original equipment manufacturers strive to reduce costly recalls; the automotive industry has suffered its fair share of setbacks in recent years. Perhaps the most notable of these recalls involved high-profile airbag manufacturer Takata, which recently issued a product recall ...
Performance Bonds for General Contractors and Project OwnersBy Nick RaffoulJune 7, 20170 comments Performance bonds help to redistribute the risks associated with construction projects for owners and general contractors alike. Construction projects can be complex undertakings that involve a number of tradesmen from different disciplines with interdependent schedules. Often times, ...
Payment Bonds for General Contractors Offer Piece of MindBy Hayley CockertonJune 7, 20170 comments Payment Bonds Benefit Contractors Payment bonds is a surety bond for those working in the construction industry. Surety bonds like this one, guarantee insurance to cover any shortcomings in an agreed upon contract. The surety will cover an amount if the second party fails to meet ...
Manufacturer’s Errors and Omission Liability Insurance Closes the Gap, Offers Complete ProtectionBy Hayley CockertonJune 7, 20170 comments Protecting Against the Unforeseen As with any avenue in life, the unforeseen can occur and unintentional actions can cause harm to another. In day to day activities we protect ourselves with different forms of insurance so we are protected individually. We pay car insurance ...