Cyber Governance – What questions should Boards be asking?
Within the context of corporate governance, cyber risk is perhaps the most recent new risk to be added to the checklist for directors and officers of organizations. The reason is that cyber risks are primarily reputational and operational in nature which means their impact goes far beyond just the realm of IT. Privacy and network security breaches can directly impact customers, vendors, regulatory bodies, legislative requirements and bring significant media attention to an organization.Read more
“Rolling Rentals” defined – Short term rental or owned vehicle?
In 2015, Alberta amended its Traffic Safety Act with respect to ‘’rolling rentals’’. The change can leave a rentee in a no viable insurance situation. This has also been confirmed in Ontario in a 2012 ruling.Read more
Tidy Up! The Effects of Housekeeping on Losses
A few nights ago, while walking in the dark, I stepped barefoot on several random Lego pieces left out by my son and almost fell down the stairs. For obvious reasons, this got me thinking about housekeeping practices and the potential consequences of bad habits.Read more
Time, a noun with extremely broad shoulders
Over the past few weeks, I’ve been getting reminders from a colleague of mine who works in the Communication Department, telling me that I should have sent her my next blog entry some time ago and asking me when I’m going to be able to send it. Of course, it’s not my fault that I haven’t had a chance to send it yet, it’s just I haven’t had time.Read more
How do you choose the right commercial insurance broker?
Insurance can seem like a commodity, with the only significant variable being price, however, you should not treat your broker and/or your insurance portfolio as a simple commodity. Insurance is a vital requirement for business owners with the view to protecting their company’ s bottom line which is at risk should damages or injuries occur to clients, employees and/or corporate assets. A loss could be a disaster for the company and could even wipe them out entirely depending on the severity of the loss.Read more
Technology and Construction
A few years ago while I was vacationing in Italy, I took a guided tour of the Colosseum in Rome, widely considered to be the greatest work of Roman architecture and engineering. Our guide provided us with numerous facts and anecdotes, but what struck me most was his statement that many of the engineering principles used to build the Colosseum are still used in construction today. Think of the cranes we see scattered across our skyline that are used to hoist materials. In ancient Rome, the same hoisting was done by thousands of men. This methodology continued largely unchanged until the Industrial Revolution when steam powered machines significantly reduced the need for manpower.Read more