Steers Insurance Blog

Being proactive certainly has its benefits, but some planning and organization are usually required. Therefore, many wait for something to happen before taking steps to rectify the situation. We will consider the factors required and suggest simple methods so that you do not incur unnecessary costs and downtime because of a lack of preparation. It doesn’t all need to be complex, but there are things to keep in mind.

Over the past two years, we have seen an increasing trend of underinsured claims across our Personal and Commercial Property lines. Fueling this trend has been issues with customers not being adequately insured to value, resulting in higher claims coming in than what customers are insured for. With inflation hitting new record levels and driving up the costs of claims, even more, it’s more important than ever to ensure our customer's Commercial and Personal Properties are insured to value.

Whether you just bought a new home and you’re shopping for home insurance or you just received your renewal notice in the mail. You may be wondering how home insurance companies determine the amount you’ll have to pay for coverage. Let us break it down for you.

It's common for construction businesses to have Commercial General Liability (CGL) insurance, which provides coverage to a business for bodily injury, personal injury, and property damage caused by the business’s operations, products, or injuries that occur on the business’s premises. Although Commercial General Liability is considered comprehensive business insurance, it does not cover all risks a business may face.

Did you know the number of fire hazards has increased since the beginning of the COVID-19 pandemic? This is mostly due to people spending more time at home. Two of the most common types of fire hazards are cooking and electrical fires.

Business risk is the possibility that an adverse or unexpected event may potentially interfere with a business's ability to function at its regular capacity. It could also be an event in which an insurance claim may be submitted.

Home insurance is designed to protect you and your family when you need it most — but all policies have limits and exclusions, and you may want to add extra coverage to make sure you’ll always be protected.

If you have a smartphone, you likely have a digital wallet where you can store electronic copies of your credit cards, debit cards, event tickets, boarding passes, and even some forms of government ID. Now, many insurers have made it possible for you to carry a copy of your pink slip in your phone’s digital wallet, too. This means you’ll have one less piece of paper in your wallet and easy access to your pink slip at all times.

The Insurance Bureau of Canada (IBC) reported that water damage is a leading cause of damage and loss. These losses add up to close to $2 billion every year.