Blog - Page 2 of 11 - Insurance Champion

January 23, 2026

💼💎 Life Insurance for High-Net-Worth Canadians: More Than Just Protection 🇨🇦

For high-net-worth individuals, life insurance isn’t just about coverage—it’s a powerful financial tool for wealth preservation, tax efficiency, and legacy planning. 🧠📊 Here’s why HNWIs across Canada are making life insurance a key pillar of their financial strategy: 🔐 1. Estate Preservation Life insurance can shield your estate from hefty tax liabilities at death—such as capital gains on cottages, businesses, […]

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January 22, 2026

🚚 Commercial Auto for Trades & Delivery: Non-Owned Auto Exposure 🇨🇦

From electricians and plumbers to delivery services and couriers, many Canadian businesses depend on vehicles to keep operations running. But personal auto policies don’t cover every risk—making Commercial Auto Insurance a crucial safeguard. ⚡ Commercial Auto Coverage 🚗 Non-Owned Auto Exposure Even if your business doesn’t own vehicles, you may still face risk: In these situations, Non-Owned Auto Liability protects […]

Blog 0 1 min read

January 21, 2026

Most People Don’t Realize — Segregated Funds Are Not the Same as Mutual Funds!

And there’s a good reason why only insurance companies can sell them. Today I’m answering a question I get all the time:Why can only insurance companies sell segregated funds?And what’s the real difference between segregated funds and mutual funds?Let’s break it down—simple and fast. Segregated Funds: Investments with Insurance Protection Segregated funds are investment products created by insurance companies. On […]

Blog 0 1 min read

January 20, 2026

⚖️ WorkSafeBC vs. Liability Insurance: What Each Covers 🇨🇦

If you run a business in British Columbia, it’s essential to understand the difference between WorkSafeBC coverage and Commercial Liability Insurance. Both protect your business, but they address very different risks. 👷 WorkSafeBC Coverage 🛡️ Liability Insurance 📌 Key Difference ✅ The Takeaway WorkSafeBC and Liability Insurance are complementary, not interchangeable. To manage risk effectively, employers need both: WorkSafeBC to […]

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January 19, 2026

🍁 Seasonal Businesses in Canada: Is Your Insurance as Flexible as Your Schedule? 🇨🇦

From summer boat rentals to winter lodges, seasonal businesses play an important role in Canada’s economy. But their insurance needs aren’t constant—they rise and fall with the seasons. 📆 The Challenge: Fluctuating Risk Exposure ⚠️ Common Pitfalls for Seasonal Operators ✅ What You Can Do 🛡️ Final Thought Seasonal doesn’t mean simple. Make sure your insurance evolves with your business—not […]

Blog 0 1 min read

January 17, 2026

🚨🧳 Visitor to Canada Insurance Pitfalls: What You Don’t Know Can Cost You! 🇨🇦

Welcoming family, friends, or international guests to Canada? Whether for a Super Visa, tourism, or an extended stay, emergency medical insurance is essential. 🛡️ But here’s the catch… 👇 Too many visitors fall into common insurance traps that lead to denied claims or costly surprises. 💸 ⚠️ Top Pitfalls to Avoid ❌ Purchasing a policy that isn’t IRCC-compliant (Super Visa […]

Blog 0 1 min read

January 16, 2026

👤 Key Person vs. Buy-Sell Funding: Who Covers What? 🇨🇦

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 operations—or even threaten the company’s 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 […]

Blog 0 1 min read

January 15, 2026

Tickets vs. Demerit Points: What’s the actual difference?

Insurance companies don’t care about the number of points on your record. Instead, they look at your driver’s abstract—your personal report card for driving history. Every ticket you receive—whether or not it carries points—shows up there. And that’s what insurers use to calculate your premiums. So even if a ticket doesn’t add points, it can still raise your auto insurance […]

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January 14, 2026

⏳ Business Interruption: Waiting Periods & Indemnity Periods 🇨🇦

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 misunderstood—Waiting Periods and Indemnity Periods—play a critical role in how claims are paid. ⚡ Waiting Periods 📆 Indemnity Periods 📌 Why It Matters in Canada Recovery often takes longer than expected, […]

Blog 0 1 min read

January 13, 2026

Only 1% of Homeowners Know How to Override the Jewelry Cap—Are You One of Them?

Insurance talk isn’t always exciting—but stick with me. Today we’re unpacking the “single limit” 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, it’s the maximum amount your insurer will pay for all of your jewelry combined. One number—regardless of how […]

Blog 0 1 min read

January 12, 2026

🍽️⚠️ Foodborne Illness Liability: A Major Risk for Canadian Restaurants & Food Joints.

In the food industry, a bad review can sting—but a foodborne illness incident can shut your doors for good. From cozy cafés to busy restaurants, liability risks tied to food safety are not just real—they’re potentially devastating. 🦠 Common Triggers for Claims: 📍The Fallout? 🛡️ How to Stay Protected:✅ Ensure all staff are trained in certified food safety practices.✅ Implement—and […]

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January 11, 2026

Why Is Your Home Insurance Bill Starting to Look Like a Mortgage Payment?

Let’s talk about it. Rising home insurance rates are hitting families hard across North America. If your premiums feel higher than ever, you’re not imagining things. 📈 In some regions, rates have jumped 20% or more. So why is this happening? 🌀 Reason 1: Extreme Weather Events Wildfires, floods, and severe storms are becoming more frequent—and more destructive. As insurers […]

Blog 0 1 min read

January 10, 2026

🧑‍🏫💼 Workers’ Compensation in Daycares: Are You Compliant?

If you operate a daycare or early learning centre in Canada, having the proper Workers’ Compensation coverage isn’t just a wise choice—it’s often a legal requirement. ⚖️ Whether you’re running a centre-based program or a licensed home daycare, your staff encounter daily physical, emotional, and health-related risks. From lifting toddlers to dealing with slippery floors, workplace injuries are a real […]

Blog 0 1 min read

January 9, 2026

📄✅ Certificates of Insurance & Compliance in Canada 🇨🇦 – More Than Just Paperwork!

Ever been asked for a Certificate of Insurance (COI) and thought, “What’s the big deal?” 🤷‍♂️That single page could be the difference between securing—or losing—a contract. 💥 🧾 What Is a COI? A Certificate of Insurance is proof that your business carries active coverage 🛡️—such as liability, auto, or workers’ compensation.Think of it as your ticket 🎟️ to credibility, compliance, […]

Blog 0 1 min read

January 8, 2026

📋🔍 Insurance Audits for Daycares: Are You Ready?

If you run a daycare in Canada, you’ve likely heard the term insurance audit—but do you really understand what it means for your business? 🧾 An insurance audit is a routine review conducted by your insurer to ensure your policy accurately reflects your operations. It helps confirm whether you’re paying the correct premium—or if adjustments (and possible back payments) are […]

Blog 0 1 min read

💼💎 Life Insurance for High-Net-Worth Canadians: More Than Just Protection 🇨🇦

🚚 Commercial Auto for Trades & Delivery: Non-Owned Auto Exposure 🇨🇦

Most People Don’t Realize — Segregated Funds Are Not the Same as Mutual Funds!

⚖️ WorkSafeBC vs. Liability Insurance: What Each Covers 🇨🇦

🍁 Seasonal Businesses in Canada: Is Your Insurance as Flexible as Your Schedule? 🇨🇦

🚨🧳 Visitor to Canada Insurance Pitfalls: What You Don’t Know Can Cost You! 🇨🇦

👤 Key Person vs. Buy-Sell Funding: Who Covers What? 🇨🇦

Tickets vs. Demerit Points: What’s the actual difference?

⏳ Business Interruption: Waiting Periods & Indemnity Periods 🇨🇦

Only 1% of Homeowners Know How to Override the Jewelry Cap—Are You One of Them?

🍽️⚠️ Foodborne Illness Liability: A Major Risk for Canadian Restaurants & Food Joints.

Why Is Your Home Insurance Bill Starting to Look Like a Mortgage Payment?

🧑‍🏫💼 Workers’ Compensation in Daycares: Are You Compliant?

📄✅ Certificates of Insurance & Compliance in Canada 🇨🇦 – More Than Just Paperwork!

📋🔍 Insurance Audits for Daycares: Are You Ready?

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