CMB Insurance Blog
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Business Sustainability Trends
Read more: Business Sustainability TrendsBecoming an environmentally conscious employer is an increasingly important factor for business success. Not only can adopting sustainable practices help organizations reduce their carbon footprint…
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Creating an Effective Distracted Driving Policy
Read more: Creating an Effective Distracted Driving PolicyDistracted driving is one of the leading causes of vehicle accidents, posing significant risks to both individuals and businesses. Studies from the Canadian Automobile Association…
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How Critical Illness Insurance Supports Business Continuity
Read more: How Critical Illness Insurance Supports Business Continuity*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…
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Email Security Best Practices
Read more: Email Security Best PracticesSince organizations rely heavily on email to communicate and conduct business operations, cybercriminals commonly target email as an entry point to access networks and breach…
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Side A Difference in Conditions (Side A DIC) Coverage
Read more: Side A Difference in Conditions (Side A DIC) CoverageIn a business landscape increasingly prioritizing corporate accountability, directors and officers face numerous risks in carrying out their corporate duties. Whether a public, private or…
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Insured Losses From Historic Calgary Hailstorm Still Rising
Read more: Insured Losses From Historic Calgary Hailstorm Still RisingInsured 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…
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Navigating Cybersecurity Challenges in the Manufacturing Industry
Read more: Navigating Cybersecurity Challenges in the Manufacturing IndustryThe manufacturing sector has experienced rapid technological advancements over the past few years. Innovations like artificial intelligence (AI), smart machinery, equipment monitoring software, digital sales…
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SIM-swapping Attacks Explained
Read more: SIM-swapping Attacks ExplainedIn recent years, many organizations have implemented stronger cybersecurity measures, including multifactor authentication (MFA). This method requires users to present two or more unique credentials,…
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Small Business Insights: Preventing Theft and Vandalism
Read more: Small Business Insights: Preventing Theft and VandalismTheft and vandalism pose significant risks to small businesses across all industries. These incidents can lead to financial losses, property damage and operational disruptions. This…
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What is Shared Interest Critical Illness Insurance?
Read more: What is Shared Interest Critical Illness Insurance?*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…
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2024: Costliest Year for Climate-fuelled Disasters in Canada
Read more: 2024: Costliest Year for Climate-fuelled Disasters in CanadaClimate-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…
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Construction Industry Trends to Watch in 2025
Read more: Construction Industry Trends to Watch in 2025The 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…
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What is Critical Illness Insurance?
Read more: What is Critical Illness Insurance?*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…
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Navigating Uncertainty: Key Insurance Strategies for 2025
Read more: Navigating Uncertainty: Key Insurance Strategies for 2025The Challenge: Market Disruptions and Uncertainty Economic shifts, tariff risks, inflation, and evolving threats like cybercrime and extreme weather continue to create uncertainty for businesses.…
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Manufacturing Industry Trends to Watch in 2025
Read more: Manufacturing Industry Trends to Watch in 2025Businesses in the manufacturing sector contribute significantly to the economy. However, the industry has witnessed several significant challenges in the past few years. Geopolitical instability,…
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2025 Cyber Insurance Market Outlook
Read more: 2025 Cyber Insurance Market OutlookCyber insurance rates softened in 2024 as competition from existing carriers increased, new players entered the market, and insureds strengthened cyber hygiene measures to reduce…
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Winter Driving Safety Tips
Read more: Winter Driving Safety TipsWinter can create hazardous driving conditions across much of Canada. With slippery surfaces, dangerously cold weather and visibility issues prevalent during these months, drivers must…
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Who Qualifies as a “Good Driver” under Alberta’s Auto Insurance Rate Cap?
Read more: Who Qualifies as a “Good Driver” under Alberta’s Auto Insurance Rate Cap?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…
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2025 Commercial Property Insurance Market Outlook
Read more: 2025 Commercial Property Insurance Market OutlookThe reinsurance market stabilized in 2024 due to several factors, including significant growth in catastrophe bonds, which increased available capacity. This greater access to reinsurance…
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Understanding Alberta’s Auto Insurance Reform
Read more: Understanding Alberta’s Auto Insurance ReformThe 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…
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2025 Commercial Auto Insurance Market Outlook
Read more: 2025 Commercial Auto Insurance Market OutlookThe commercial auto insurance market has been challenging for insurers and insureds for the past few years. Various factors have led to difficult market conditions.…
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5 Cloud Security Management Practices
Read more: 5 Cloud Security Management PracticesCloud-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…
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Data Backup and Recovery Plans
Read more: Data Backup and Recovery PlansDatabase 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…
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Workplace Trends for 2025
Read more: Workplace Trends for 2025Savvy employers should keep abreast of the latest developments, technologies and best practices within their industries to stay one step ahead of the competition. As…
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The Importance of Fire Doors
Read more: The Importance of Fire DoorsIf a fire occurs at a commercial property, time is of the essence to keep it under control. Therefore, having measures in place to slow…
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Future-Proofing Your Benefits Package: Trends to Watch for in 2025
Read more: Future-Proofing Your Benefits Package: Trends to Watch for in 2025*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…
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Business Interruption Insurance Examples
Read more: Business Interruption Insurance ExamplesContinuity 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…
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Preventing Distracted Driving
Read more: Preventing Distracted DrivingDistracted 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…
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5 Steps to Prepare for a Future With AI
Read more: 5 Steps to Prepare for a Future With AIArtificial intelligence (AI) has made its way into many workplaces and is rapidly changing how organizations operate and make decisions. AI’s ability to enhance processes,…
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Navigating the Cyber Insurance Claims Process
Read more: Navigating the Cyber Insurance Claims ProcessWhen a cyber incident strikes, employers must act quickly and decisively to manage the fallout, safeguard their operations, and mitigate further losses. Navigating the claims…
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Hosting a Company-sponsored Party: Navigating Employer Risks
Read more: Hosting a Company-sponsored Party: Navigating Employer RisksWorkplace celebrations provide an excellent opportunity for employees to network and socialize with their co-workers in a fun environment. However, work-related parties and events present…
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Addressing the Digital Skills Gap
Read more: Addressing the Digital Skills GapTechnology continues evolving rapidly, and many organizations struggle to keep pace. Maintaining adequate workforce digital skills is imperative for organizations of all types and sizes as technology develops. Yet,…
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Avoiding Common Insurance Gaps
Read more: Avoiding Common Insurance GapsBusinesses of all sizes across industries face various risks that can lead to significant financial losses. To mitigate these exposures, business owners secure insurance for…
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Reducing the Risks of AI in Employment Decisions
Read more: Reducing the Risks of AI in Employment DecisionsOrganizations are increasingly utilizing artificial intelligence (AI) in employment-related decisions. Although AI technology can offer several benefits (e.g., improved efficiency, objectivity and decision-making), it also…
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Health Spending Accounts: A Smart Benefit for Business Owners
Read more: Health Spending Accounts: A Smart Benefit for Business Owners*This post is from CMB partner Finuity Wealth. Find out more about group benefit solutions here. How Health Spending Accounts Work A Health Spending Account…
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Steps for Organizations to Create Safer Drivers
Read more: Steps for Organizations to Create Safer DriversDriving for work is a high-risk activity. Company drivers are exposed to several risks, including difficult driving conditions and driver fatigue, which could cause road…
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Tips for Managing Seasonal Viruses
Read more: Tips for Managing Seasonal VirusesViruses that cause respiratory disease usually circulate more heavily in fall and winter. While influenza (flu) and other illnesses are common and occur each year,…
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MFA Bypass Attacks Explained
Read more: MFA Bypass Attacks ExplainedMultifactor authentication (MFA) is an integral component of cybersecurity. Requiring additional steps to access data makes information more secure and more challenging to steal. However,…
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Snow and Ice Removal Checklist for Commercial Property
Read more: Snow and Ice Removal Checklist for Commercial PropertyOwners and managers of commercial property must maintain safe conditions for employees and occupants. During winter, walkways, stairs, driveways, interior roadways and parking lots become…
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OHS Prosecution Case Study: Steelworks Company Fined After Employee Suffers Critical Injuries
Read more: OHS Prosecution Case Study: Steelworks Company Fined After Employee Suffers Critical Injuries$68,000 Equipment Maintenance Violation A steelworks company was fined $68,000 after pleading guilty to a violation that resulted in an employee suffering critical injuries. The…