Q&A With Our Experts

Insuranceopedia has assembled some of the industry's top advisors to answer anything and everything related to the sale of a business.

Featured Experts

Tiffanie Demasters

Commercial Insurance & Risk Mangement Advisor

Tiffanie Demasters, PRIS, CIC, CRM is a Commercial Insurance Producer and Risk Management Advisor with 18 years of insurance industry experience. She started as a personal lines claims adjuster, then moved to the agency side first in Personal Lines and then has spent the last 10 years as a Commercial Lines agent. She has a knack for making the complex world of insurance a little simpler. Tiffanie specializes in coverage analysis and a whole risk management approach to help clients find comprehensive solutions for their business insurance needs.

Jodie L Stauffer

CFP

Jodie Stauffer is an experienced Certified Financial Planner® and the owner of JL Stauffer Financial Consulting Ltd. Prior to opening her firm, she spent over 20 years working in various retail banking, finance, insurance and leadership roles. Her vast experience brings a unique insider's perspective to various financial, insurance and wealth topics.

Jacques Wong

 

Jacques grew up around the insurance industry and began actively participating in 2013. Since then, he has gotten a Level 2 license, won Insurance Council of BC awards in 2015 and 2020 for academic excellence in the insurance licensing courses. He educates insurance professionals through PNC Learning and as a Thought Leader at ReFrame Insurance.In his day job as an insurance broker, he helps businesses with creative risk management solutions and strategic advice when it comes to insurance.

Q&As

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The simple answer is good news - yes! But, first, what is a substandard risk?A substandard risk as a term in the insurance industry for a person with a risk below average or impaired due to a...
This is a particularly relevant topic given that cyber attacks and threats seem to pop up constantly. The big ones attract lots of media attention. But what about the average business? What kind of...
Under normal circumstances, changing insurance companies will not affect your credit score.Insurance is a competitive market, one of the reasons people and businesses change insurance companies all...
Generally, life, health and disability insurance premiums aren’t tax-deductible for individuals or businesses in Canada. When it comes to Canada’s Income Tax Act (ITA), premium...
Answer: No. Your auto insurance can include coverage for your vehicle even when you are not allowed to drive your vehicle, which can save you in the event of a claim.Why?After going through the...
When it comes to purchasing life insurance, the last thing that most people think about is whether the policy will payout. And when it comes to someone dying by suicide or taking their own life,...
Generally speaking, yes, home insurance will cover snow damage.Snowy winter days can be a lot of fun for children and adults. But despite how beautiful the snow can be, Mother Nature can also be...
The short answer is yes, you can get a discount on your car insurance if you install winter tires on your vehicle.The long answer is: it depends on your insurer.Winter brings with it beautiful...
First of all, let us look at what insurance deductibles are: A deductible is the amount of money that you as a policyholder will have to pay out of your pocket in an event of a loss or claim....
This is a really great question. The answer depends on the circumstances and the type of RV (Recreational Vehicle) we are talking about.First let's take a look at what RV insurance is. RV...
Insurance can sometimes be complicated, even for those of us working in the industry. To better answer this question, we might need to clear things up a bit.First of all, we need to understand the...
Motorcycle Insurance is insurance you purchase to provide coverage to your motorcycle in the event of a loss, loss that could be from theft of the motorcycle, or accidental damage.A person might be...
As a serving member of the armed forces, it is important that you are recognized and compensated for the sacrifices you and your family make and the job you do to keep the country safe and secure...
As different as insurance companies are, so are their underwriting guidelines.The International Risk Management Institute defines underwriting guidelines as a set of rules and requirements an insurer...
When I first saw this question, I thought it would be a straightforward one to answer. But after doing a bit of research, I realized that it's much more nuanced.In most circumstances, there is no...
We buy insurance so that we can be covered when life takes an unexpected turn. We buy it and hope we never have to use it. But when we do, we expect to be protected. After all, it's what we paid...
Liability insurance for "Personal and Advertising injury" is a component built into your home insurance and featured prominently in your business's commercial general liability (CGL)...
If you're a business owner, your company faces threats from vandals, burglars, hackers, and even your own employees. If you experience a loss as a result of employee theft and you have employee...
Unfortunately, the answer is yes.Technically, your insurance carrier can cancel your homeowner's policy at any time and for any reason. Unlike Medicare, in most jurisdictions, home insurance...
Most people who have health or auto insurance are familiar with the idea of a deductible. But not everyone realizes there are different kinds of deductible (see An Overview of Insurance Deductibles...
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