Steers Insurance Blog

In today’s sharing economy, peer-to-peer rentals are making their name as cheaper (and trendier) alternatives to traditional hotels. But if you’re considering entering the market as a homeowner, there are a few things you should know about home insurance for short-term rentals.

Hurricanes can create widespread devastation and can have lasting effects on commercial properties. Hazards such as flooding, storm surges, and high winds can cause extreme damage to any size building. Proper planning and preparation can minimize the effects a hurricane can have on a commercial property.

The frequency of hail storms has been on the rise, and with every storm comes damage – to vehicles and buildings. You should never underestimate a hail storm's destructiveness, even if your area is not prone to hail. The good news is that you can take steps to help reduce the risk of damage from hail storms.

The COVID-19 pandemic has taught business owners to expect the unexpected – including having to shut down your business with little or no notice. In particular, restaurant owners probably spent many nights worried about their restaurants' future and working to ensure they would still have doors to open again once they were allowed to do so.

In addition to the voluntary and mandatory personal restrictions being implemented in an effort to "flatten the curve" of COVID-19 infection rates globally, business operations of all kinds have been interrupted. Many are considering the losses they face as a result of the COVID-19 pandemic and asking, "will my insurance cover this?"

OTC Broker, President, Christine Gaudreau was recently recognized for her hard work and dedication by Insurance Business Canada in their Insurance Business Magazine (IBC), issue 8.03. This IBC issue celebrates 45 of the Canadian insurance industry’s foremost female leaders and Christine is one of them. She broke through the glass ceiling in a sector traditionally dominated by men.

A home is one of the biggest investments most people will make in their lifetime, so it’s crucial that people have the proper insurance coverage for it – including what is inside the home. Creating and regularly updating an inventory of your personal possessions is one of the best ways to make the most of your homeowners insurance, and can make filing a claim easier and more efficient.

If you’re getting your businesses or properties ready to reopen, ensure it is safe and functional for employees, tenants and patrons with proper cleaning and disinfection.