Steers Insurance Blog

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.

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.

Shannon Vaughan is one of OTC’s Commercial Lines Account Managers. Throughout her 20 years in the Commercial Insurance Industry, Shannon has attained many skills, education and experience with a broad range of client industry backgrounds.  She holds an education designation as a Chartered Insurance Professional and Construction Risk and Insurance Specialist. Her extensive experience includes managing Large Volume General Contractor type of accounts, Surety and reviewing CCDC contracts and applying these requirements to customer program needs.

Continued learning is of high regard to her career goals and for the benefit of her clients. She is currently enrolled in the Canadian Risk Management Program and Management Liability Insurance Specialist Program. Shannon is dedicated to learning everything there is to know about her clients’ business, educate them about insurance products for their business, and provide timely customer service to meet their insurance needs. She is known for her responsiveness, attention to detail and for her ability to make even the most complicated insurance policies comprehensible.

Since the COVID pandemic has arrived, RSA, a Canadian general insurer, has found an increase in the number of suspicious claims being flagged for possible fraud investigation compared to those during pre-pandemic times.

Whether you have a home, a business or a farm, hazards can occur anywhere on these types of properties. One way to assess these possible issues is to have a Loss Control survey conducted from your insurer.

Allianz Global Corporate & Specialty (AGCS) is reporting the COVID-19 pandemic has created an unstable business environment for directors and officers (D&O) of companies which brings with it new and increased risks for 2021.

The New Year is often seen as a way to have a fresh start. However, Simon Konsta, partner at Clyde & Co. London, believes that 2021 will be difficult for directors, officers, and their advisors due to a projected increase in insolvency claims against them.

In today’s economy, almost every sector has become dependent on technology. With this heavy reliance on technology, tech companies are also beginning to feel the liability assumed in providing this now important infrastructure to these industries to have adequate insurance protection and strong risk management strategies. It can be said that the world as we know it would cease working without it.

Nova Scotia law makes it clear: all business owners must ensure their property is reasonably safe for visitors. Failing to do so can result in visitors and employees suffering sprains, strains, broken bones, and more from incidents like slip and fall accidents.