Commercial Insurance

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Excel Insurance & Risk Management is Changing its Name to RiskTech Insurance Services!

By | April 17th, 2017|Commercial Insurance, Personal Insurance|

To reflect the addition of new partners, a part of our internal succession plan, Excel Insurance & Risk Management is changing its name to RiskTech Insurance Services Inc. This does not effect any change to our Partnership Group known as Excel Insurance Group. Douglas H. Morrow, CEO and Co-Founder of Excel, is excited about the developments. Within Excel Insurance Group, the Excel Insurance & Risk Management office continues to be known as a technical insurance brokerage firm [...]

Do’s and Don’ts to Protect your Property from Fire and Smoke Damage

By | May 6th, 2016|Commercial Insurance, Community, Personal Insurance, Small Business Insurance|

  Helpful Hints to Protect your Property from Fire and Smoke Damage This year, Alberta had below-average winter snowfall, and spring temperatures have arrived about a month early. These factors have resulted in drier underbrush and ground covering, and thus, an earlier fire season.  With an astounding 361 wildfires reported in Alberta to date, 2016 is already shaping up to be a record-breaking year for disastrous fires. As we get deeper into the fire season, [...]

Sean Morrow is Appointed Executive Director of Excel Insurance Group

By | April 29th, 2016|Commercial Insurance, Community, Personal Insurance|

Excel Insurance Group Strategically Hires Sean Morrow to Adopt a Digital Approach and Reinvent the Brokerage of the Future Effective March 23, 2016, Excel Insurance Group Inc., headquartered in Western Canada and 100% independently owned and operated, has appointed Sean Morrow as Executive Director. Engaged in a leadership position with Excel, Sean brings an extensive digital background to fuel Excel’s growth as the company continues to grow across Canada and explore opportunities in the online brokerage [...]

Pollution Insurance Should Not Be Messy

By | December 16th, 2015|Commercial Insurance, Small Business Insurance|

Do you operate on an industrial site?  Do you have on-site storage tanks?  Do you handle any material that could potentially harm the environment?  If you answered yes to any of these questions, your insurance program should include pollution insurance coverage as an essential component of your corporate insurance program.   You might be thinking, “Doesn’t my General Liability policy cover any pollutants escaping onto my premises or even from them?” The short answer is no.  There [...]

Named Perils Vs. All Risk Insurance

By | December 8th, 2015|Commercial Insurance, Small Business Insurance|

Define the Difference Many of our clients ask me: “What is the difference between Named Perils insurance coverage and All Risk Coverage?” It’s a great question because understanding the difference can help you and your broker decide what priorities are most important to you when building your insurance program. Insurers generally offer two kinds of Property Insurance Policies for Homeowners and Businesses: a) Named Perils Insurance Policy - a policy that specifically identifies a covered loss by name b) [...]

A Fun Twist on Santa’s Anonymous

By | November 26th, 2015|Commercial Insurance, Community, Personal Insurance, Small Business Insurance|

Transforming the popular "Secret Santa" gift exchange game into a toy drive, Excel Insurance Group turned gift giving into an occasion to collect more than 100 different toys for our local Santa's Anonymous charity. Continuing a tradition that is nearly a decade old, Excel Insurance Group's office, Excel Insurance & Risk Management, suggests you try the same! How to Play, and Pay it Forward: All participants names are put into a 'fish bowl' Names are drawn out one [...]

To Claim or Not to Claim: How Can Claims Affect My Renewal

By | October 30th, 2015|Commercial Insurance|

I am often asked by my clients, “How do I know when a loss is worth making an insurance claim?” To begin to answer this question, let’s look at how the commercial insurance industry reflects on property claims and your renewal rates. As a note, remember that there is a subjective nature to the renewal process, rates and, as well, market conditions can play a role. Insurance Loss Ratio: Premium Dollars Earned Vs. Claims Dollars [...]

Surety Bonds: Securing Larger Clients

By | October 1st, 2015|Commercial Insurance|

What Does It Mean To Be Bonded? There is a lot of confusion about what a bond actually is and, moreover, what it means to use a bond issued in the insurance space. When seeking a bond, businesses are required to answer a lot of questions and provide significant information about their business - and for good reason: a bond is NOT an insurance policy and requires repayment if it is used. One of the [...]

Condo Conundrum: When Board Responsibility Surfaces in a Claim

By | September 30th, 2015|Commercial Insurance, Personal Insurance, Small Business Insurance|

Condo Corp Conundrum: When the Board Has to Pay for a Claim The number one question I always receive from condominium boards and property managers, in particular after reviewing by-laws and attending both board meetings and Annual General Meetings (AGMs), is simple: in the event of a loss, particularly where a unit owner is negligent, why can’t the unit owner be held responsible for all costs associated with the loss. While any given situation can [...]

Excel Insurance Group Comes Out – With a New Website

By | September 9th, 2015|Commercial Insurance, Personal Insurance|

As you might have noticed, the Excel Insurance Group website has launched! Extremely exciting for our group of insurance companies, it was, admittedly, a ton of work and for a lot of people across Excel Insurance Group. As a matter of fact, we are still  making updates, adding to our Directory of Insurance Professionals, creating content... everything is an ongoing process (so if you come across any bugs, please let me know).  :) The value of a website [...]