Welcome to Insurance Champion! Today weâre breaking down term life versus permanent life insurance. If youâve ever wondered, âWhatâs the best policy for me and my family?â stick aroundâyou may be surprised at how cash value life insurance can do more than simply pay out when you pass away. Term Life Insurance Term life insurance provides coverage for a set […]
For businesses renting commercial space in Canada, lease compliance is just as important as paying rent on time. Two areas that often create confusion are Tenantsâ Legal Liability and Evidence of Insurance. ⥠Tenantsâ Legal Liability đ Evidence of Insurance (COI) đ Why It Matters Lease agreements shift risk from landlords to tenants, and insurers expect tenants to meet these […]
Many Canadians rely solely on group life insurance provided by their employerâbut is it really enough? đ¤ Letâs break down the key differences between group and individual life policies, and the coverage gaps you need to be aware of. đđ đľ Group Life Insurance (Employer-Provided) â Convenient, with automatic enrollment.â Usually low or no cost.â Basic coverageâoften just 1â2x annual […]
Insurance isnât only about transferring riskâitâs about managing it wisely. For Canadian homeowners and businesses, proactive risk reduction can directly translate into lower premiums and stronger protection. Here are three practical strategies every policyholder should consider: âď¸ Higher Deductibles đĽ Sprinkler Systems đ Monitored Alarms (Fire & Security) đ Why It Matters in Canada With rebuilding costs rising, extreme weather […]
For high-net-worth individuals, life insurance isnât just about coverageâitâs a powerful financial tool for wealth preservation, tax efficiency, and legacy planning. đ§ đ Hereâs why HNWIs across Canada are making life insurance a key pillar of their financial strategy: đ 1. Estate Preservation Life insurance can shield your estate from hefty tax liabilities at deathâsuch as capital gains on cottages, businesses, […]
From electricians and plumbers to delivery services and couriers, many Canadian businesses depend on vehicles to keep operations running. But personal auto policies donât cover every riskâmaking Commercial Auto Insurance a crucial safeguard. ⥠Commercial Auto Coverage đ Non-Owned Auto Exposure Even if your business doesnât own vehicles, you may still face risk: In these situations, Non-Owned Auto Liability protects […]
And thereâs a good reason why only insurance companies can sell them. Today Iâm answering a question I get all the time:Why can only insurance companies sell segregated funds?And whatâs the real difference between segregated funds and mutual funds?Letâs break it downâsimple and fast. Segregated Funds: Investments with Insurance Protection Segregated funds are investment products created by insurance companies. On […]
If you run a business in British Columbia, itâs essential to understand the difference between WorkSafeBC coverage and Commercial Liability Insurance. Both protect your business, but they address very different risks. đˇ WorkSafeBC Coverage đĄď¸ Liability Insurance đ Key Difference â The Takeaway WorkSafeBC and Liability Insurance are complementary, not interchangeable. To manage risk effectively, employers need both: WorkSafeBC to […]
From summer boat rentals to winter lodges, seasonal businesses play an important role in Canadaâs economy. But their insurance needs arenât constantâthey rise and fall with the seasons. đ The Challenge: Fluctuating Risk Exposure â ď¸ Common Pitfalls for Seasonal Operators â What You Can Do đĄď¸ Final Thought Seasonal doesnât mean simple. Make sure your insurance evolves with your businessânot […]
Welcoming family, friends, or international guests to Canada? Whether for a Super Visa, tourism, or an extended stay, emergency medical insurance is essential. đĄď¸ But hereâs the catch⌠đ Too many visitors fall into common insurance traps that lead to denied claims or costly surprises. đ¸ â ď¸ Top Pitfalls to Avoid â Purchasing a policy that isnât IRCC-compliant (Super Visa […]
For many small and mid-sized businesses in Canada, success depends on a handful of critical individuals. The sudden loss of one of these people can disrupt operationsâor even threaten the companyâs survival. Two important tools help manage this risk: Key Person Insurance and Buy-Sell Agreement Funding. While both involve insurance, they serve very different purposes. ⥠Key Person Insurance (P&C […]
Insurance companies donât care about the number of points on your record. Instead, they look at your driverâs abstractâyour personal report card for driving history. Every ticket you receiveâwhether or not it carries pointsâshows up there. And thatâs what insurers use to calculate your premiums. So even if a ticket doesnât add points, it can still raise your auto insurance […]
When fire, flood, or another insured event forces a business to pause operations, Business Interruption Insurance (BI) helps replace lost income and cover ongoing expenses. Yet two terms often misunderstoodâWaiting Periods and Indemnity Periodsâplay a critical role in how claims are paid. ⥠Waiting Periods đ Indemnity Periods đ Why It Matters in Canada Recovery often takes longer than expected, […]
Insurance talk isnât always excitingâbut stick with me. Today weâre unpacking the âsingle limitâ on jewelry in your home policy. It might sound technical, but this small detail could end up costing you a lot. What Is a Single Limit? Simply put, itâs the maximum amount your insurer will pay for all of your jewelry combined. One numberâregardless of how […]
In the food industry, a bad review can stingâbut a foodborne illness incident can shut your doors for good. From cozy cafĂŠs to busy restaurants, liability risks tied to food safety are not just realâtheyâre potentially devastating. đŚ Common Triggers for Claims: đThe Fallout? đĄď¸ How to Stay Protected:â Ensure all staff are trained in certified food safety practices.â Implementâand […]
Term-Life Insurance
Disability Insurance
Mortgage Insurance
SuperVisa Insurance
Critical Illness Insurance
Registered Education Savings Plan – RESP
Registered Retirement Savings Plan – RRSP
Tax Free Savings Account – TFSA
Auto Insurance , Home Insurance, SuperVisa Insurance, Business Insurance, Commercial General Liability CGL, Day Care Insurance, Child Care Insurance, Truck Insurance, Transportation Insurance, Restaurant Insurance, Contractor Insurance, HVAC Insurance, Construction Insurance,
