May 23, 2018 The Green Energy Insurance Market

With high consumer demand for clean energy and plenty of government incentives available to assist green energy companies, the number of Canadian businesses playing in this space is growing daily. Insurance markets have been quick to respond with a suite of unique coverage and risk management tools tailored specifically to help protect clean energy producers in the wind, solar and co-generation sectors. Traditional manufacturers who are going green are also benefiting. What was once a largely misunderstood exposure for most insurers has now seen the marketplace bring in specially trained underwriters and loss control experts who are not only comfortable with green energy risks but are also very willing to advise their clients on best practices to mitigate risk, reduce losses and help keep…

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Sep 1, 2017 E-Bonding ─ A Paperless Solution to Construction Surety Bonds

In keeping with the growing trend toward automation, the construction, surety and insurance broker industries continue to explore the use of technology. The capability to create, record, execute, and deliver a digital bond over a paper bond has started. Tenders may include a provision to supply an electronic bond (e-bond) with an electronic tender (e-tender). An e-bond simplifies the process and includes security features that validate the bond; it’s not simply a scanned copy of an executed bond issued the traditional way. The results are enhanced service levels and streamlined administrative practices. There are various platform providers that support the e-bond and e-tender process. Set-up is easy but must be activated before you can start submitting bonds digitally. Speak to your insurance professional to…

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