CMB Insurance Blog
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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…
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Navigating Cybersecurity Challenges in the Construction Industry
Read more: Navigating Cybersecurity Challenges in the Construction IndustryThe construction industry is continuously moving toward digitization, adopting advanced technology such as artificial intelligence, the Internet of Things (IoT) and Building Information Modelling software.…
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Cyber Risks in the Trucking Sector: A Growing Concern
Read more: Cyber Risks in the Trucking Sector: A Growing ConcernEvolving technology has significantly benefited organizations across industries, and the trucking sector is no exception. Communications and transport logistics can now be integrated through single…
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Insurance Solutions for Buy-Sell Agreements
Read more: Insurance Solutions for Buy-Sell Agreements*This post is from CMB partner Finuity Wealth. Find out more about group benefit solutions here. For business owners, protecting the future of their company…
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How to Mitigate Supply Chain Risks
Read more: How to Mitigate Supply Chain RisksConsumers have come to expect ample choice, instant shipping and ultrafast delivery, making a smooth supply chain critical. However, the fragile nature of supply chains…
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Preventing Jobsite Theft
Read more: Preventing Jobsite TheftConstruction businesses are at a heightened risk of jobsite theft, as expensive tools and machinery are attractive targets for criminals. Theft of construction materials can…
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Protecting Commercial Property from Extreme Winter Weather
Read more: Protecting Commercial Property from Extreme Winter WeatherWithout proper precautions in place, businesses may encounter severe commercial property damage at the hands of extreme winter weather. Fortunately, businesses can prepare their properties…
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Including Winter Storms in Business Continuity Plans
Read more: Including Winter Storms in Business Continuity PlansThe impact of extreme winter weather events on businesses can be devasting, resulting in significant commercial building and vehicle damage; lost production, sales, income and…
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The Risks of Severe Thunderstorms
Read more: The Risks of Severe ThunderstormsSevere thunderstorms can cause injuries, infrastructure damage and significant financial losses for businesses and their commercial properties. Often accompanied by hail, flooding, strong winds, lightning…
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9 Controls to Know This Cybersecurity Awareness Month
Read more: 9 Controls to Know This Cybersecurity Awareness MonthOctober is National Cybersecurity Awareness Month. During this annual event, government and industry leaders worldwide come together to raise awareness about the importance of cybersecurity.…
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Combatting Workplace Loneliness
Read more: Combatting Workplace LonelinessLoneliness is a pressing issue for employers, especially now that remote working practices are commonplace. Loneliness is an unpleasant emotional response to how individuals perceive…
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Understanding Cybercriminals: Motivations, Methods and Protection Strategies
Read more: Understanding Cybercriminals: Motivations, Methods and Protection StrategiesCyberattacks can impact a company in numerous ways. They can create significant financial losses through fines, lawsuits and business interruptions, and they can cause reputational…
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Responding to Environmental Risks Following Natural Disasters
Read more: Responding to Environmental Risks Following Natural DisastersAlthough the property damage, injuries and business interruptions directly caused by natural disasters often receive significant attention, businesses face risks even after these weather events…
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Key Considerations for a Smooth Group Insurance Renewal
Read more: Key Considerations for a Smooth Group Insurance Renewal*This post is from CMB partner Finuity Wealth. Find out more about group benefit solutions here. Revisiting Your Group Benefits Plan Group insurance renewal is…
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What is Tenant Insurance?
Read more: What is Tenant Insurance?Tenant insurance, often called renters insurance, is a policy designed to protect you from financial losses related to your personal belongings and liability when renting…
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Cybersecurity Awareness Programs: Benefits and Implementation
Read more: Cybersecurity Awareness Programs: Benefits and ImplementationBusinesses of all sizes are susceptible to cyberattacks such as phishing scams, malware attacks and ransomware schemes, which can create significant financial loss and lead…
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Four Summer Disasters Led to Record Number of Insurance Claims
Read more: Four Summer Disasters Led to Record Number of Insurance ClaimsSubmitted insurance claims hit a record high following several significant natural disasters over four weeks during summer in a season that was the “most challenging…
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The Value of Commercial Crime Insurance
Read more: The Value of Commercial Crime InsuranceDespite efforts to hire trustworthy employees and implement robust security measures to prevent external fraud, criminal activities may still occur. Whether a deceitful employee embezzles…
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Managed Detection and Response Explained
Read more: Managed Detection and Response ExplainedThe cyber risk landscape is constantly evolving, with cybercriminals quick to exploit emerging technologies for malicious purposes. In response, businesses are exploring innovative methods to…
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Must-Have Benefits Companies are Adding and Improving in 2024
Read more: Must-Have Benefits Companies are Adding and Improving in 2024*This post is from CMB partner Finuity Wealth. Find out more about group benefit solutions here. As competition for top talent intensifies and the economic…
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OHS Prosecution Case Study: Flooring Company Fined After Employee Exposed to Carbon Monoxide
Read more: OHS Prosecution Case Study: Flooring Company Fined After Employee Exposed to Carbon Monoxide$70,000 Poisonous Gas Exposure Violation A flooring company was fined $70,000 after pleading guilty to a violation that resulted in an employee suffering from carbon…