Business Tips Archives - Schill Insurance

What’s the deal with Business Interruption Insurance?

| July 14, 2022

We’re often asked why Business Interruption Insurance? Continuity is critical in business, and there are few things more important than continuous revenue and cash flow, particularly for small to medium-sized organizations. In fact, just one brief business interruption can be incredibly costly for an organization, often leading to serious reputational damages or long-term closures. That’s … What’s the deal with Business Interruption Insurance?

5 Meeting Time-Wasters

| July 23, 2021

Meetings – sometimes amazing, sometimes painful, yet an inevitable component of any workplace. Not only are they a primary method for employees to interface and discuss ongoing projects, but they can also encourage team building. Despite their inevitability, meetings can also quickly become unproductive/useless/cumbersome (insert similar adjective here) – delaying projects and frustrating employees. There is … 5 Meeting Time-Wasters

Tips for Virtual Meetings

| March 30, 2021

It’s been a nutty year. The COVID-19 pandemic that forced many organizations to transition from in-person to virtual has turned online video meetings into an all too common chore for many. To keep employees from tuning out during mundane virtual meetings, it’s important to make meetings engaging and productive. The Need for Virtual Meetings Before … Tips for Virtual Meetings

Who Pays for Water Damage – The Strata Insurance Policy or the Unit Owners?

| May 29, 2020

When there is damage caused by water within a Strata complex, many ask the question “whose responsibility is it to repair the damage from the water?” The above has been a lively topic of discussion with Strata Councils, Claims Adjusters, Brokers, Lawyers and the Courts. At face value, if there is a loss or damage … Who Pays for Water Damage – The Strata Insurance Policy or the Unit Owners?

Remote Work Cyber Security

| April 21, 2020

The recent significant increase in employees working from home as a result of the COVID-19 pandemic brings with it an increased risk of cyber-security threats. Cyber-criminals are well aware that IT departments and cyber-security groups are stretched thin during the pandemic, making them more exposed to attacks. In fact, according to a recent survey, one … Remote Work Cyber Security

Engaging Remote Employees During COVID-19

| April 21, 2020

The coronavirus disease 2019 (COVID-19) pandemic has caused unprecedented changes for many industries. As social distancing is encouraged and some provinces issue stay-at-home or shelter-in-place orders for all non-essential employees, many employers are asking their employees to work from home. For some employees, working from home is business as usual. For others, this may be … Engaging Remote Employees During COVID-19

Keeping Idle Facilities Safe

| April 21, 2020

During the current COVID-19 pandemic, most businesses and organizations that provide non-essential services have been required to close across Canada. As a result, many buildings and structures will be sitting idle for an unknown period of time. Organizations are implementing contingency plans such as: home-working, skeleton staffing, social distancing and cleansing regimes to maintain operations. … Keeping Idle Facilities Safe

Benefits of Crime Insurance

| August 28, 2019

While you may think your business would never be the victim of a crime, the harsh reality is that nearly every business can become a victim. In this day and age, criminals (including employees) do not need direct access to cash to steal from you—merchandise, supplies and securities are all fair game. Standard commercial property … Benefits of Crime Insurance

Cyber Attacks Up In Canada

| April 30, 2019

In the last year, an alarming majority of Canadian establishments reported falling victim to multiple cyber attacks, according to a recent report by Carbon Black. These breaches are not only incredibly costly to the organizations and encouraging to their perpetrators, but are in many cases preventable through basic diligence of cybersecurity maintenance. The report found … Cyber Attacks Up In Canada

What is Professional Liability

| August 14, 2018

Professional liability—sometimes called Errors and Omissions (E&O) liability—results from errors or omissions in the performance of professional services. *** Sound On*** Insurance (really anything insurance related) is never the highlight of one’s day… that being said – It’s a good news, bad news situation. The bad news: Lawsuits, have become as common as avocado … What is Professional Liability