The Risks of Not Keeping Your Business Free of Snow and Ice

Posted by Christine Gaudreau on Nov 26, 2020 12:12:00 PM

Nova Scotia law makes it clear: all business owners must ensure their property is reasonably safe for visitors. Failing to do so can result in visitors and employees suffering sprains, strains, broken bones, and more from incidents like slip and fall accidents.

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Topics: Commercial Insurance, commercial property insurance

Preventing water damage during construction

Posted by OTC Blogging Team on Nov 7, 2020 1:36:35 PM

Water damage to a business, regardless of how it happens, can lead to mold growth, costly litigation and financial loss. In addition to direct costs associated with cleanup, material replacement, equipment repair and mold remediation, water damage incidents may lead to significant indirect costs associated with construction delays and business interruptions.

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Topics: Business Insurance, Commercial Insurance, Overland Flood Insurance, commercial property insurance

Online Financial Scams

Posted by OTC Blogging Team on Nov 6, 2020 11:20:48 AM
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Topics: Commercial Insurance

Are you covered to work from home?

Posted by OTC Blogging Team on Oct 26, 2020 4:50:00 PM

Before the COVID-19 pandemic, there are about 1.17 Million employer businesses in Canada, and of these 1.14 Million (97.9%) were classified as small businesses. Now, most of them are forced to work from home.

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Topics: Commercial Insurance, Home Insurance

The Importance of Crime Coverage

Posted by OTC Blogging Team on Oct 21, 2020 4:50:17 PM

Technology is ever evolving. Because of this, cyber and economic crime has also evolved and increased. According to Stats Canada, in 2017, one in five Canadian businesses reported a cybersecurity incident that affected their business. A 2018 PwC study found that 55% of Canadian companies experienced economic crime in recent years. It is because of the steady increase in crimes that many insurance companies now recommend Crime protection in addition to traditional business insurance. The enhanced commercial lines Crime offer provides higher limits, broader coverages, and coverages that were either not previously available to all customers or required endorsements.

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Topics: Commercial Insurance, Cyber Insurance

Why your business needs Fixed Site Pollution Insurance

Posted by OTC Blogging Team on Oct 16, 2020 6:45:00 AM

Does your business insurance include a land and water extension? Most businesses have Commercial General Liability (CGL) insurance that may protect them in the event of a third party claim for bodily injury or property damage arising out of their premises and operations, but while some CGL  policies include limited coverage for environmental losses, relying on a CGL  to fully cover environmental exposures is not prudent risk management and additional coverage may be required.

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Topics: Commercial Insurance, Environmental Insurance, commercial property insurance

Small Business Week: Are you Covered?

Posted by Christine Gaudreau on Oct 13, 2020 6:39:00 PM

Halifax Small Business Week is fast approaching! Beginning October 19 and running through the 23rd, the week is dedicated to raising awareness of and supporting the over one million small business throughout Canada. Nova Scotia is home to nearly 30,000 small businesses and they employ 98% of workers here.

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Topics: Business Insurance, Commercial Insurance, Continuity Insurance, Home Base Business, Women in Business

5 Cargo Theft Tactics and How to Help Prevent Them

Posted by Christine Gaudreau on Sep 13, 2020 2:43:00 PM

Cargo theft tactics are growing. From food and beverages to high-end electronics, cargo thieves continue to target commodities that are sold easily on the black market. Opportunistic thieves can make most goods fair game. Knowing about emerging tactics can help businesses recognize their vulnerabilities and prevent potential cargo theft.

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Topics: Commercial Insurance

Preparing your commercial property for a hail storm

Posted by Christine Gaudreau on Aug 25, 2020 10:06:33 AM

The frequency of hail storms has been on the rise, and with every storm comes damage – to vehicles and buildings. You should never underestimate a hail storm's destructiveness, even if your area is not prone to hail. The good news is that you can take steps to help reduce the risk of damage from hail storms.

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Topics: Commercial Insurance

OTC President Christine Gaudreau honoured in IBC Magazine

Posted by OTC Blogging Team on Jun 19, 2020 2:01:29 PM

OTC Broker, President, Christine Gaudreau was recently recognized for her hard work and dedication by Insurance Business Canada in their Insurance Business Magazine (IBC), issue 8.03. This IBC issue celebrates 45 of the Canadian insurance industry’s foremost female leaders and Christine is one of them. She broke through the glass ceiling in a sector traditionally dominated by men.

 

 

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Topics: Business Insurance, Commercial Insurance, About OTC Insurance, Women in Business

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