Wildfires can have devastating impacts on affected communities. Even after the flames subside, these fires can leave behind lasting safety risks. The smoke generated by…
Vacant construction sites face the risks of theft, trespassing, fires and other hazards. Potential losses might include the value of damaged or stolen materials, the…
As businesses increasingly rely on online transactions, cybercriminals have developed a scheme to exploit this process and steal sensitive information. This growing cyberthreat, known as…
The manufacturing industry generates greenhouse gas emissions through fossil fuel combustion and industrial processes. According to the World Economic Forum, one-fifth of the world’s carbon…
Distracted driving can be a significant risk for companies that operate vehicles, whether for deliveries, sales visits or transportation services. Even a momentary lapse in…
Businesses across sectors have become increasingly reliant on technology to conduct operations. However, any digital presence—no matter how small—presents a cybersecurity risk. Whether a business…
The trucking sector is integral to the economy by moving mass amounts of freight and supporting supply chains across industry lines. However, several risks present…
Fire extinguishers are designed to fight fires in their early stages when the flames present a relatively minor hazard. Specifically, a fire extinguisher should be…
Employees have faced a myriad of workplace changes over the past few years, and this has taken a toll on some individuals’ mental health, resulting…
Floods impact thousands of Canadian homeowners annually and inflict millions of dollars in property damage. Unfortunately, floods can happen anywhere, and many homeowners don’t realize…
Poorly maintained commercial premises could lead to employee and visitor accidents, increasing a business’s chances of litigation and damaging its reputation. Moreover, poorly maintained buildings…
Fleet maintenance is critical for organizations that rely on vehicles in their operations. However, rising costs driven by inflation, supply chain disruptions and evolving vehicle…
Becoming an environmentally conscious employer is an increasingly important factor for business success. Not only can adopting sustainable practices help organizations reduce their carbon footprint…
Distracted driving is one of the leading causes of vehicle accidents, posing significant risks to both individuals and businesses. Studies from the Canadian Automobile Association…
*This post is from CMB partner Finuity Wealth. Find out more about group benefit solutions here. Business owners and key employees are the driving force…
Since organizations rely heavily on email to communicate and conduct business operations, cybercriminals commonly target email as an entry point to access networks and breach…
In a business landscape increasingly prioritizing corporate accountability, directors and officers face numerous risks in carrying out their corporate duties. Whether a public, private or…
Insured losses stemming from the record-breaking hailstorm that hit Calgary in August 2024 continue to rise. The insured losses resulting from the event, which is…
The manufacturing sector has experienced rapid technological advancements over the past few years. Innovations like artificial intelligence (AI), smart machinery, equipment monitoring software, digital sales…
In recent years, many organizations have implemented stronger cybersecurity measures, including multifactor authentication (MFA). This method requires users to present two or more unique credentials,…
Theft and vandalism pose significant risks to small businesses across all industries. These incidents can lead to financial losses, property damage and operational disruptions. This…
*This post is from CMB partner Finuity Wealth. Find out more about group benefit solutions here. Shared Interest Critical Illness Insurance, also known as split-dollar…
Climate-fuelled severe weather events show no signs of abating, according to a report by German insurance company Munich Re. Natural disasters such as hurricanes and…
The construction industry has encountered volatility and uncertainty in recent years. Consequently, Canada’s construction industry witnessed an estimated 3.1% fall in output in 2024, according…
*This post is from CMB partner Finuity Wealth. Find out more about group benefit solutions here. Critical illness insurance provides a financial lifeline during life’s…
The Challenge: Market Disruptions and Uncertainty Economic shifts, tariff risks, inflation, and evolving threats like cybercrime and extreme weather continue to create uncertainty for businesses.…
Businesses in the manufacturing sector contribute significantly to the economy. However, the industry has witnessed several significant challenges in the past few years. Geopolitical instability,…
Cyber insurance rates softened in 2024 as competition from existing carriers increased, new players entered the market, and insureds strengthened cyber hygiene measures to reduce…
Winter can create hazardous driving conditions across much of Canada. With slippery surfaces, dangerously cold weather and visibility issues prevalent during these months, drivers must…
Alberta’s auto insurance system has faced rising claims costs from increased lawsuits and healthcare expenses, catastrophic weather events driving up premiums, and market instability, leading…
The reinsurance market stabilized in 2024 due to several factors, including significant growth in catastrophe bonds, which increased available capacity. This greater access to reinsurance…
The Background: Why Reform Was Needed Alberta’s auto insurance system has faced rising claims costs from increased lawsuits and healthcare expenses, catastrophic weather events driving…
The commercial auto insurance market has been challenging for insurers and insureds for the past few years. Various factors have led to difficult market conditions.…
Cloud-related threats were the number one cybersecurity concern among businesses in the PricewaterhouseCoopers International Limited’s 2024 Global Digital Trust Insights Survey. Cloud computing refers to…
Database company Statista reported that the average cost of a data breach in Canada in 2024 was $4.66 million. Evaluating backup and recovery plans is…
Savvy employers should keep abreast of the latest developments, technologies and best practices within their industries to stay one step ahead of the competition. As…
If a fire occurs at a commercial property, time is of the essence to keep it under control. Therefore, having measures in place to slow…
*This post is from CMB partner Finuity Wealth. Find out more about group benefit solutions here. As 2025 begins, staying ahead of employee benefits trends…
Continuity is critical in business, and there are few things more important than continuous revenue and cash flow, particularly for small to medium-sized organizations. In…
Distracted driving refers to any activity that diverts a driver’s attention away from the primary task of operating their vehicle. It poses significant risks not…