Risk management and insurance solutions for Indigenous communities
In solidarity with Indigenous communities
Reconciliation Statement
BFL CANADA acknowledges that the land on which we gather, live, work, and play spans many traditional, ancestral, and unceded Territories and Treaty areas throughout Canada. BFL CANADA respects and affirms the inherent and Treaty Rights of all Indigenous Peoples across this land.
BFL CANADA recognizes that economic reconciliation requires a new fiscal relationship led by Indigenous peoples designed to exercise their autonomy and structure their own solutions. In the highest spirit of trust and collaboration, the purpose of this new fiscal relationship is to create a mutually supportive environment for an economic partnership that will enable Indigenous peoples to advance and grow their traditional economies and prosper as nations.
BFL CANADA is committed to the Truth and Reconciliation Commission Calls to Action, especially section 92, which demands economic reconciliation and capacity building for Indigenous peoples. This is an ongoing process commencing with respect, ultimately leading to a shared understanding, collaboration, and true partnership with Indigenous communities and people.
Improving our education about Indigenous issues, demonstrating positive leadership, and promoting system equality is an essential part of BFL CANADA’s journey.
EMPOWERMENT THROUGH TRUSTED PARTNERSHIPS
The severe challenges within the global insurance market over the past few years have highlighted how underserved, siloed, and excluded the Indigenous community is by the insurance industry, resulting in tremendous uncertainty and inequity.
BFL CANADA believes in working closely with you to establish a strong partnership to serve the best interest of your community. We combine insurance policies with targeted risk management and loss control initiatives to proactively manage current exposures, assist in planning future projects and improve your overall risk profile.
BFL CANADA is a proud member of the Canadian Council for Aboriginal Business. We are committed to reconciliation by improving BFL CANADA’s education about Indigenous issues, demonstrating positive leadership, and promoting system equality. BFL CANADA will do this by continuing to build relationships with Indigenous partners and supporting structures, processes, and agreements between Indigenous peoples and the insurance industry centred on collaboration, core values alignment, capacity building, and effective risk management.
Building your solutions
BFL CANADA is working in partnership with Indigenous communities, organizations, and businesses to create a full suite of solutions tailored to the unique risks faced by the Indigenous sector.
Here is what we are building to benefit Indigenous communities, organizations, and businesses:
Owned and managed by participating Indigenous communities. Covers community assets and operations with increased autonomy and buying power compared to traditional insurance programs.
Insures community assets and operations. Acts as a bridge toward the collective ownership model by deploying risk control resources to mitigate and remove the risk barriers faced by some Indigenous communities.
Covers economic development risks throughout the risk’s entire lifecycle, from the planning phase, through construction, and into full operation.
Provides equitable access to contract bonding for Indigenous contractors.
Helps review and assess your insurance program and provide recommendations to optimize the program and realize synergies in coverage and cost.
Helps you to determine loss patterns to guide loss prevention initiatives and to identify optimal retention levels that favourably impact risk transfer pricing.
Word of our CEO and Founder, Barry F. Lorenzetti
At BFL CANADA, social responsibility is an integral part of our business philosophy.
In accordance with the calls to action conveyed to individuals, communities and organizations throughout our nation by the Truth and Reconciliation Commission, focused on redressing the legacy of the residential schools and advancing the process of Canadian reconciliation, we remain committed as ever to support economic reconciliation based on meaningful consultation and respectful relationships.
As a part of our commitment, we have partnered with the First Nations Finance Authority (FNFA), a national Indigenous-led, not-for-profit organization dedicated to building capacity for First Nations communities through equitable access to capital.
In collaboration with the FNFA, we have signed a Memorandum of Understanding (MoU) where we collectively acknowledge the right for Indigenous communities to exercise decision-making relating to insurance solutions and risk management to enhance economic wellbeing and design institutions that serve communities effectively, create new jobs and careers, and develop new sources of revenue.
It’s worth repeating and highlighting; we all have a responsibility to collaborate closely with Indigenous groups and organizations. Not only does community economic development directly impact the quality of life for all community members involved, but it also benefits in turn all of Canada.
We recognize at BFL CANADA that every step matters when it comes to true economic reconciliation with our Indigenous communities…and we are just getting started.
By holding ourselves accountable and sharing our progress on a monthly and yearly basis, we firmly believe that, together, we can truly make a significant difference.
Barry F. Lorenzetti
CEO and Founder
*On the photo: Ernie Daniels, President & CEO of the FNFA, and Barry F. Lorenzetti, CEO and Founder of BFL CANADA, stand outside of the FNFA office located in Westbank, BC holding the Memorandum of Understanding signed on May 12th, 2022.
Your team of local advisors
The BFL CANADA advantage
BFL CANADA has achieved extraordinary growth because of our consistent ability to perform and deliver due to our expertise, professionalism and dedication, as well as our entrepreneurial culture. This culture and work ethic have driven our growth and attracted organizations with which we have established meaningful and mutually beneficial partnerships.
