CMB Insurance Blog
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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…
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Wildfires 3 Times More Likely in Canada Due to Climate Change, Report Finds
Read more: Wildfires 3 Times More Likely in Canada Due to Climate Change, Report FindsA recent State of the Wildfires report has found that unprecedented wildfires between March 2023 and February 2024 in Canada, Greece and parts of the…
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Using Infrared Thermography to Prevent Property Losses
Read more: Using Infrared Thermography to Prevent Property LossesProperty owners and managers must protect commercial buildings and structures and minimize potential losses. Infrared thermography is a valuable resource for accomplishing these goals. It…
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Navigating the Transition to an EV Fleet
Read more: Navigating the Transition to an EV FleetSeveral businesses have already begun replacing their internal combustion engine (ICE)-powered fleets with electric vehicles (EVs) to reduce their carbon footprint. Although transitioning to EVs…
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The Influence of Social Media on Cyber Security
Read more: The Influence of Social Media on Cyber SecuritySocial media is an essential marketing strategy for increasing brand awareness and connecting with consumers. However, using social networks increases an organization’s cyber risks. Furthermore,…
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Preventing Slips, Trips and Falls on Construction Sites
Read more: Preventing Slips, Trips and Falls on Construction SitesAs an employer in the construction industry, your role in preventing slips, trips, and falls is crucial. These accidents are all too common, with approximately…
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Damages From Ontario Flash Floods Could Top $1 Billion
Read more: Damages From Ontario Flash Floods Could Top $1 BillionOn July 16, 2024, intense flash floods hit southern Ontario, leaving drivers stranded, homes and businesses flooded, and thousands without power. Although it’s too early…
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Defending AI Systems From Malicious Data Poisoning Attacks
Read more: Defending AI Systems From Malicious Data Poisoning AttacksAs the use of artificial intelligence (AI) and machine learning (ML) continues to grow, businesses that utilize these technologies must also be aware of cybercriminals’…
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Addressing Workforce Mental Health in the Manufacturing Industry
Read more: Addressing Workforce Mental Health in the Manufacturing IndustryEmployee mental health is a growing concern for employers across sectors. In fact, almost half (46%) of employees reported at least one work-related mental health…
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CrowdStrike, the Most Important Cyber Accumulation Loss Event Since NotPetya, Highlights Single Points of Failure
Read more: CrowdStrike, the Most Important Cyber Accumulation Loss Event Since NotPetya, Highlights Single Points of FailureIn what is being called “the most important cyber accumulation loss event since NotPetya,” the July 19, 2024, global technology outage will produce scores of…
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Best Practices for Combatting Trucking Bottlenecks
Read more: Best Practices for Combatting Trucking BottlenecksCanada has experienced significant population and economic growth over the past decade. Consequently, road congestion has increased, particularly in urban areas, creating delays for freight…
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Common Employee Communication Mistakes to Avoid
Read more: Common Employee Communication Mistakes to AvoidEffective communication is crucial to fostering a positive relationship between employers and employees. It can show employees they’re valued and heard, improving employee satisfaction and…
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OHS Prosecution Case Study: $80,000 Working-From-Height Violation
Read more: OHS Prosecution Case Study: $80,000 Working-From-Height ViolationConstruction Contractor Fined $80,000 After Two Workers Fall From Platform A construction company was fined $80,000 after two employees were injured in a working-from-height incident.…
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Mitigating Insider Threats
Read more: Mitigating Insider ThreatsAn insider threat refers to an individual entrusted with access to or knowledge of an organization’s operational components, personnel, physical assets, networks, systems or technology.…
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What is Cyber Insurance: a Guide for Business
Read more: What is Cyber Insurance: a Guide for BusinessCyber insurance, also referred to as cybersecurity insurance or cyber risk insurance, is a form of protection aimed at assisting organizations in managing risk exposure…
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Surviving the Summer Heat
Read more: Surviving the Summer HeatSummer brings longer days and plenty of sunshine, but it comes with the challenge of staying cool amid soaring temperatures. The sweltering heat can lead…
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Mitigating Workplace Violence
Read more: Mitigating Workplace ViolenceViolence in the workplace is a serious health and safety issue. Whether violent incidents come from current or former employees, unknown assailants, or as a…
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Cyber Insurance Claims Hit Record High in 2023, Report Finds
Read more: Cyber Insurance Claims Hit Record High in 2023, Report FindsCyber insurance claims in North America reached record levels in 2023, according to a report by insurance broker Marsh.Specifically, March received more than 1,800 cyber…
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Auto Theft Claims Costs Hit $1.5 Billion in 2023
Read more: Auto Theft Claims Costs Hit $1.5 Billion in 2023Recent data from the Insurance Bureau of Canada (IBC) found that auto theft remains a significant problem across Canada. On Feb. 21, 2024, the Government…
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10 Mental Health Boosting Habits
Read more: 10 Mental Health Boosting HabitsAmid the hustle and bustle of everyday life, mental health can be a critical concern for many Canadians. Mental health plays a massive role in…
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Preventing Carbon Monoxide Poisoning in Businesses
Read more: Preventing Carbon Monoxide Poisoning in BusinessesCarbon monoxide (CO), a colourless, tasteless and odourless poisonous gas, is a byproduct of the incomplete burning of carbon-containing material. This gas can quickly accumulate…