Steers Insurance Blog

OTC Insurance is pleased to share that Shannon Vaughan has earned her Risk Management Certificate recognized by the Insurance Institute of Canada, earning her the internationally recognized CRM designation awarded by the Global Risk Management Institute (GRMI).

Being proactive certainly has its benefits, but some planning and organization are usually required. Therefore, many wait for something to happen before taking steps to rectify the situation. We will consider the factors required and suggest simple methods so that you do not incur unnecessary costs and downtime because of a lack of preparation. It doesn’t all need to be complex, but there are things to keep in mind.

It's common for construction businesses to have Commercial General Liability (CGL) insurance, which provides coverage to a business for bodily injury, personal injury, and property damage caused by the business’s operations, products, or injuries that occur on the business’s premises. Although Commercial General Liability is considered comprehensive business insurance, it does not cover all risks a business may face.

Business risk is the possibility that an adverse or unexpected event may potentially interfere with a business's ability to function at its regular capacity. It could also be an event in which an insurance claim may be submitted.

Gaps in your insurance coverage can cost you thousands of dollars

If you’re planning to travel abroad in the coming months, having adequate insurance coverage is essential. You can save yourself thousands of dollars in unexpected charges by reviewing your insurance coverage and its limitations before your travel.

Technology has changed how we work, the way we do business, and how we look at business insurance.

Rapid technological changes and new business models are two reasons both insurers and entrepreneurs need to stay on top of trends if businesses are to be adequately protected. This is due to five major shifts business leaders and insurance companies are facing with the unexpecting risks arising around them.

Flooding is the most expensive natural disaster in Canada, and it’s becoming even more common as rising global temperatures lead to increased rainfall across the country.

Winter can be a dangerous time of the year – especially when you work outside like many construction workers. However, with the right preparation and training, your construction crew can stay safe and productive in the winter.

When the temperatures dip below zero, the construction industry needs to ensure safe sites and do its best to avoid slips, frozen fingers, damaged equipment and more. The best way to avoid hazards and prevent accidents during the winter includes: