Aug 23, 2018 Renters Insurance: What is it and Who Needs it?

One of the most common myths about insurance is that renters just don’t need it, plain and simple. Your landlord has insurance, so you’re covered, too…aren’t you? Not to burst your bubble, but whoever started that rumor was terribly misinformed. In the event of a fire or extensive damage to your building, your landlord’s insurance would likely cover the walls around you and any major appliances that came with your unit, but everything else is on you. This is where renters insurance comes in. Renters insurance, sometimes referred to as tenants insurance, doesn’t just cover the items inside your rented space — it can protect you in ways you never even knew you needed. Let’s take a look at some of the biggest perks.

Read More

Aug 7, 2018 A Room-By-Room Look at What Renters Insurance Could Do For You

We know what you’re thinking. I can’t afford to buy insurance. I’m already paying rent and have enough expenses to cover each month. But how much do you think it would cost to replace all of the items in your apartment? Let’s do a little math… (Viewing this from your smartphone? Click here to enlarge.) What’s your stuff really worth? Everything adds up, and even the “little things” are worth more than you might think. In the bedroom Queen-size mattress, $1,000 Sheet set, $100 Duvet, $150 Clothes & shoes (heels and runners), $2,500 Tablet and case, $700 Total: $4,450 In the office MacBook Pro, $1,600 Printer/scanner, $100 Digital camera, $500 Office furniture, $500 Total: $2,700 In the living room…

Read More

Jul 25, 2018 Lions and Tigers and Cyber Insurance

  Oftentimes, sales strategies in insurance can be based on fear tactics. It is unintentional, but insurance is by its very nature, there to protect you when really bad things happen! Cyber-attacks, cyber hacking, social engineering fraud and many other tactics are happening personally and to businesses every day. It is not fear mongering; it is fact. You can search many of these details online. (Although due to earlier legislation in the U.S., most of the data you find will be based on that countries metrics. Legislation has been developed later in Canada so many attacks have gone unreported. Don’t make the mistake of thinking that the risk stops at their border.) However, a much more proactive use of your time would be to understand…

Read More

May 1, 2018 Cyber Liability and Privacy Breach ─ What is My Exposure?

There are many moving parts when reviewing Cyber Liability Insurance and Privacy Breach. There are two main components of risk that your business may be exposed to; first party exposure and third party exposure. First Party exposure means the exposure to your company or organization. Third party exposure means exposure to third parties that you do business with. Questions to ask yourself to establish what your first party exposure is: What non-public, personal information do we have in our system or in paper form? How mission critical is our computer system, the internet, our phone system to our business? How long could we operate if we could not access the internet? Is our computer security up to date? Have all employees downloaded all of…

Read More

May 19, 2017 When It Rains, It Pours

Once it starts to rain, and the water is starting to accumulate and seep into your house, it’s a little too late to start thinking about water protection options. And with unpredictable weather becoming more frequent, the possibility of unpredictable damages and costs to your home comes with it. As a consumer it’s important to know what exactly water coverage is and what it does. Up until recently, most water coverage policies only covered in home water damage like burst pipes or sewer backups. However, with weather becoming more extreme due to climate change, aging buildings and continued urbanization, insurance companies now have to adapt. Which is where Overland Water Protection comes in. Aviva, Intact, Novex and RSA Insurance have all recently come out…

Read More

Aug 30, 2012 Cyber Insurance – Would Your Business Survive a Data Security Breach?

Presented here is a brief discussion on Cyber Insurance , one type of business insurance, and does not constitute insurance advice. This is not intended to be a comprehensive description of coverage, and does not include details of the coverage nor the terms, conditions, qualifications, limitations and exclusions applicable. Policies should be reviewed in their entirety and related to your specific operations. Many insurers permit changes (Changes to insurance policies are usually called “endorsements” or “riders”) in their limitations or exclusions to match your specific requirements. As insurance advice must be tailored to the specific circumstances of each situation, nothing provided herein should be used as a substitute for the advice of a competent insurance broker. IN NO EVENT WILL RHODES & WILLIAMS LIMITED BE…

Read More