By: Bennett O'Brien | Freelance Writer
Insurance risk refers to the potential for a loss or adverse event that an insurance company agrees to cover under a policy. These risks—such as accidents, natural disasters, or theft—can lead to financial loss, and insurance provides protection against them in exchange for regular…
Risk-retention groups (RRGs) are a specific type of insurance company established under the Federal Liability Risk Retention Act. They allow members to write all types of liability insurance, with the exceptions of workers’ compensation, property insurance, and personal lines…
The elements of an insurance contract are the essential conditions that must be satisfied or agreed upon by both parties (the insured and the insurance company). These elements form the foundation of the insurance contract, binding both parties, validating the policy, and making it…
Buying insurance usually forms the backbone of anyone’s financial plan, offering some reassurance of financial stability should the “worst” happen. Life insurance, health insurance, automobile insurance, home or renter’s insurance are all necessary facts of life…
The rate of burglaries is dropping, but that doesn’t mean they don’t happen—and that doesn’t mean it won’t happen to you! According to the 2019 FBI Crime Report, there were an estimated 1.1 million reports of burglaries in the US that year. There are steps homeowners can take to…
Almost every business needs some type of property insurance. Whether you own your building, lease a space, or work from home, there is a good chance you are using physical items in some way in your business. According to financial services company Hartford, approximately 60% of the top 10…
Different insurance companies will have their own ways of calculating risk exposures and it will vary for different types of insurance. Most of this actuarial information is complex, proprietary, and not generally available to the public. The actuaries at large insurers use complicated…
The date of inception and the effective date of the policy are terms that generally refer to the same thing. They refer to the date at which coverage under the terms described on the insurance policy begins. It signals the start of the contract and, from then until the expiry date, both…
To put it simply: no. You only need to show proof of ownership to have a valid claim. For example, if you received a gift from a friend and that item was stolen, you would still have a valid insurance claim as long as you could show that you owned the item in question. In general, there…
Pain management billing and insurance are changing due to healthcare dynamics, treatment advancements, patient demographics, and regulations. Healthcare must adapt to…
By: Lindsey Lee
Understanding EPO Health Insurance Plans: Balancing Choice and Affordability In the ever-evolving landscape of health insurance, it's essential to comprehend the…
So, you’ve got your dream car picked out. You’ve been driving by the dealership and seeing ads for a great deal. You decide to drive into the lot and the dealer is…
By: Kaitlyn Kokoska
Let’s face it: for many of us, insurance is getting expensive. Insurance rates have a bad habit of creeping upward every year, even when you don’t file claims or…
By: Steven Porrello
When you are finally able to buy that dream home where you want to spend the rest of your life, you may have a spotless credit report and enough money to make a down…
By: Claire Boyte-White | Vice President
So, you’ve picked out your dream house, you were approved for your mortgage, and finally, you’ve made it to the last steps of buying a home. You’re so close to…
By: Kaitlyn Kokoska
In the insurance context, we look at risk to mean the chance of “financial loss”. This isn’t restricted solely to the loss of money—it could mean many…
By: Jacques Wong
Congratulations on your pregnancy! We hope this time is one of the best times of your life, but understand it can also be kind of scary and full of anxiety-ridden…
By: Maurice Draine
Ah, love! Can you feel it in the air? Doesn’t it just make you feel like…it’s time to look at your insurance policy? Okay, maybe not. In the process of getting…
By: Kaitlyn Kokoska
Good business practices and safety guidelines are paramount for any organization. However, any company owner knows the business environment can be extremely…
By: Tiffanie Demasters | Commercial Insurance & Risk Mangement Advisor
Between pondering "How much life insurance do I need?" and researching all the types of life insurance (whole life, term life, universal...oh my!) finding the right life…
By: Jacques Wong
You’ve had your eye on a car for a while. Maybe it’s out of necessity or maybe it’s a daydream ride you’ve been obsessed with since you saw the car sitting…
By: Kaitlyn Kokoska
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By: Kaitlyn Kokoska
By: Judith Pila
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Many business owners and their families are going without adequate protection and advice. Having experienced this first hand in his family, Darrel is…
Mark has over 25 years of experience in the financial industry, and has worked with investments, insurance and mortgages as well as income tax…
Judith is an Account Manager with an insurance brokerage in Edmonton. She is also involved with the Insurance Institute of Canada as a Career…
