Heather Cournoyer Commercial Insurance

With the pandemic, both individuals and businesses are having to adapt and pivot to succeed. That’s where business planning and strategy come in. The following article On Strategic vs Business Plan was provided by Everett Babiuk, BSc., MBA and owner of the The Alternative Board South Edmonton.

A few years ago, a large commercial business owner wanted to “test” me out to see if I could compete with the large insurance brokerage firm that had represented him for years. He had just completed construction of his second large manufacturing location so rather than go to his current broker to add it, he asked me to review and provide terms. He was pleased with the results and we bound coverage.

That’s a comment I hear regularly from the consumer when they finally get a quote for their commercial auto premium.  So, they start shopping around as they should and it doesn’t seem to make sense.

Have you lost your job and are now being forced to find another source of income?  Have you decided that now’s the time to start that new business venture you’ve been tossing around for years?  Wondering where to start?

If the answer is Yes, then read on.

When COVID hit in the spring, I was able to save a number of my valued clients money.  Many were closed so obviously revenue was down.  Because Commercial General Liability premiums are normally rated based on your Gross Revenues and the class of business, reduction in revenue equates to a reduction in risk.

Many insurance companies are including limited cyber coverage in some commercial package policies on the market today.   You need to be aware that this coverage is not intended to provide the higher levels of protection required to cover the varied cyber incidents occurring these days.

Hi again, it’s Heather Cournoyer – your commercial insurance advisor. Last week I shared some information about some of threats posed from cyber criminals.  You now have a basic understanding of some of the method’s cyber criminals use.  This week we’ll talk about some of the best practices and how you can protect yourself.

Breaches, DDo’s, Phishing, Whaling, Malware, Porting, Trikbots, Ransomware and Zoombombing.  What do these words have in common?

MentalHealthProfessionals We are indeed in challenging times and if you spend a lot of time watching the news, it can get quite depressing.

So I decided to see if I could find a silver lining.  Most of you probably know that I am the eternal optimist.  I thought I would share some of my findings. These are from Harvard Medical School.

These are challenging times for both individuals and business owners.  Many of my business owners have been reaching out for information on how their insurance policy might respond.  Here are answers to the most commonly-asked questions.

Does my Business Interruption coverage provide me for loss of income because of COVID19?

Sadly, the short answer is no.

I’m Heather Cournoyer, your commercial insurance expert and I’m coming to you from “sunny” Alberta where the temperature here has risen to a balmy -25 with a windchill of -31. Gotta love Alberta! 

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