Small Business Insurance

/Small Business Insurance

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, [...]

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 [...]

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 [...]

Waivers: Managing Risk for Recreation & Sporting Events

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

Waivers Are Not Always Effective for Risk Management The Idea of a Waiver is Typically Misunderstood Waivers tend to be poorly understood - both by the organizations that require their use and by the individuals who are asked to sign them. Courts impose stringent requirements when considering whether to enforce a waiver as a defence to a lawsuit brought by a user. As a result, the Courts routinely reject waivers that fail to meet these [...]

Co-Insurance: When Your Insurance Won’t Pay

By | August 18th, 2015|Commercial Insurance, Small Business Insurance|

Do You Know How Much Your Insurance Policy Will Not Pay? Learning About When Co-Insurance Kicks In for You When reviewing your property insurance, there are few subjects more difficult to understand than the co-insurance requirements. Still they are found in virtually every insurance policy providing property insurance coverage. A universal premise of property insurance is the obligation to insure to value - that is, the worth of what is being insured. If an insurance [...]

When an Insurance Deductible Hurts: Don’t Miss This

By | June 4th, 2015|Commercial Insurance, Small Business Insurance|

So you think you have your commercial insurance covered, right? If you are like me, you think your insurance deductible is easily managed. What if your commercial insurance doesn't factor the Exponential Effect? Can Your Insurance Deductible Compound and Hurt You? What An Insurance Broker MUST Do For You As insurance brokers, we protect your position. You are our clients and we are with you when we build your insurance policy and we are there [...]