Blog BFL Canada
Ted Alexiadis
May 3, 2017
Guarantee shareholder value and eliminate buy-sell risk
There’s a tremendous need for life insurance to fund the buy-out agreement of two or more partners. This agreement is one of the most essential and important documents that business owners should have in their overall estate plan. This legal document not only provides for the smooth transfer of a business on the death of one of the business owners but if properly drawn, it also establishes a fair price for the business interest.
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Lyne Benoît
Lyne Benoît
March 29, 2017
Private or Public Company, Same Risks?
A common misconception is that Directors and Officers litigation and thus Directors and Officers Liability Insurance only affect publicly traded companies. This is largely due to the fact that a vast majority of the landmark cases and scandals that have garnered significant media attention have been related to public companies. It is thus easy to forget that private companies are subject to essentially the same set of corporate rules and regulations as public firms and, consequently face similar management liability litigation risk to that of public firms.
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Michael Sullo
Michael Sullo
March 15, 2017
Giving credit where credit is due – Trade Credit Insurance is more than Insurance
First things first, let’s start by defining Credit Insurance so we can properly understand the product:
“Trade credit insurance, business credit insurance, export credit insurance, or credit insurance is an insurance policy and a risk management product offered by private insurance companies and governmental export credit agencies to business entities wishing to protect their accounts receivable from loss due to credit risks such as protracted default, insolvency or bankruptcy.
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Kara Glauser
Kara Glauser
February 22, 2017
Waivers, the Misunderstood Risk Management Tool
At this time of year we move into the season where equestrians start thinking about the office work they may have neglected through the busy summer riding season! For equestrian clubs, coaches and facility owners, waivers are among one of the many items of concern to address. Do all riders and participants need to sign a waiver? Do I have to have them sign a new one every year? What should be included in my waiver?
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Rick Adam
Rick Adam
February 8, 2017
What's missing with your fire protection maintenance?
I am a huge fan of sprinkler protection. Sprinklers save lives, they protect property and they can somehow always manage to save or ruin the day in movies and TV. In short, they are usually great.
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Anne Taylor
Anne Taylor
January 18, 2017
Drones
Recently, I was approached by a client who wants to use drones (also referred to as an Unmanned Aviation System (UAS)) in his business activities, and being a smart client he checked with us to see if his liability policy would cover this activity. My immediate reaction was absolutely not (after all it is an aircraft which is indeed excluded by most General Liability policies) but it did spur me on to do some serious research as drones, in many different types of businesses, are starting to become quite common and usual.
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Christopher Low
Christopher Low
January 11, 2017
Need a ride? The SPF 9 & Ride Sharing in Alberta
The emergence of Ride Sharing businesses has resulted in challenges which our Auto Insurance wordings across Canada have previously been unable to address. This is largely due to the fact that under an Auto Insurance Owners form, the operations of transporting passengers for a fare are restricted.
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