Steers Insurance Blog

Each construction project comes with its own special requirements and challenges.  And, the window of unpredictable events that could disrupt your new build could turn your creation into ruin.  Are you sure that your insurance program has the proper coverage while your building is in the course of construction?

Insurance industry cycles are believed to last from two to ten years and are usually affected by world events and natural disasters. Unsurprisingly, the COVID-19 pandemic has caused a hard market for commercial underwriters.

According to data from Transport Canada’s National Collision Database, distracted driving contributed to an estimated 20% of fatal collisions and 21% of serious injury collisions in 2018. These statistics are part of an upward trend of distracted driving-related collisions, up from 16% of fatal collisions and 17% of serious injury collisions a decade earlier.

If you own a property or a business that has a possible pollution risk, you need to make sure you have insurance protection against liability. Even if you think you're insured, depending on your current policy, the cost of cleaning up petroleum spills, oil or other contaminants may not be covered. If you are susceptible to pollution, you may want to look into separate pollution coverage.

Boating is a fun way to enjoy the water, but do you know the rules and regulations that govern Canada’s waters? In addition to making sure your boat is properly insured, basic boating knowledge is also a must as is a Pleasure Craft Operator Card that can be obtained by taking a boating safety course or by passing a boating safety test from a Transport Canada accredited course provider.  Taking the boating safety test is not only a great way to build boating confidence but to also be prepared and educated for every circumstance.

Thinking about rolling up your sleeves to make improvements to your home? Whether the job is minor or an overhaul, as a homeowner, you have to think about who, how, and the expense of the project. Another key element some homeowners forget is how this change will impact your home insurance. Below are some important things to keep in mind while planning your next home renovation.

There is a lot to think about and to review when applying for insurance. Whether it is for your home or business, you have to make sure you disclose the possible risks involved, also known as material facts, so your insurer can provide you with the proper coverage.

One key aspect people should keep in mind when buying a new car is how much it will depreciate once it leaves the lot. Why is this important? Depreciation is a factor car insurers take into consideration when setting up your policy. What exactly is depreciation in car insurance and how can you protect against it? Have a look below to learn more!