Jonathan Hui

Recently, Canadian Underwriter Magazine featured an interesting post on the new coverage  available for Uber drivers. Currently auto insurance coverage for Uber drivers in Ontario is scarce. The Ontario Standard Auto Policy (OAP 1) excludes the use of the vehicle as a taxicab or to carry paid passengers. However the Financial Services Commission of Ontario (FSCO) has approved a new fleet auto policy from Intact Insurance which covers drivers of private passenger vehicles while performing Uber activities. For more information feel free to read the article here. 

If you are an Uber driver interested in this program. Contact one of Pacific Insurance Broker Inc.’s registered insurance professionals at (416)494-1268 to see how you can get a free, no obligation quote now.

When it comes to your Spa Insurance coverage, Pacific Insurance Broker Inc. would like to put your mind at ease. We have unveiled a refreshingly new and easy way to quote your Spa Business insurance package online, for free, and at no obligation. Within 3 minutes you can rest easy knowing that your Spa Business is comprehensively covered at the lowest possible premium. Simply input some basic information using our quoting tool, choose from different Spa packages tailored to the size of your business, and receive a full quote for your business including coverages with an estimate premium offered. At Pacific Insurance Broker Inc. we understand the value of your time and strive to give our customers peace of mind knowing their business is protected, stress and worry free. Try our quoting tool today by clicking here or to make other quotes you can click here.

With all the hustle and bustle of today’s society, Pacific Insurance Broker Inc. understands the value of staying current with the needs of our customers. We know our customers live busy lifestyles, which is why, Pacific Insurance Broker Inc. is constantly dedicated to further adding value and convenience to our customers. We at Pacific Insurance Broker Inc. are proud to introduce our new online insurance quoting tool designed for rented dwelling insurance, building owner insurance, and rooming house insurance. Customers can now easily quote their rental homes/buildings and rented student housing online on our website using any computer, smartphone, and tablet. All at the convenience of their fingertips.

To get an insurance quote for your rented properties, click here or to get other quotes, checkout our quotes section located here for your convenience.

Commonly overlooked, cyber security is an important risk that most, if not all, businesses have. It usually involves a data breach or leak of private information. Cyber security insurance generally offers coverages such as: liability, data restoration expenses, business interruption, E-commerce extortion, and security breach remediation & notification expenses. These coverages often protect your business from the expensive aftermath of facing a data breach. A common misconception is that small businesses do not require cyber protection. In fact, small businesses are frequently targeted. This is because small businesses often do not have sufficient protocols to defend themselves against intruders. Small businesses tend to be easier to infiltrate and have their client’s private information stored on a company computer. Canadian Underwriter Magazine has a very informative article about improving cyber security awareness. The link is here for your convenience.

If you would like one of Pacific Insurance Broker Inc.’s qualified insurance brokers to provide some insight and advice on how your business will benefit from Cyber Security Insurance, you can request one here

As our ongoing commitment to improve customer convenience and value, Pacific Insurance Broker Inc. is pleased to offer online credit card payment processing. Customers can now pay full policy premiums online through the convenience of their computer, smartphone, and/or tablet. We at Pacific Insurance Broker Inc. appreciate and value our customers and by offering another convenient method of payment, we hope to add another reason to why you have chosen us as your trusted insurance professional.

To access the online credit card payment option you can click the button on the home page, access the payment page under resources, or simply click here.

Directors and officers hold one of the riskier positions in the company. They are often faced with complex and challenging decisions which can have huge impacts on the company and those that work for it. Sometimes the actions they take inevitably leads to financial loss for the business and third parties. For this reason, there is directors’ and officers’ liability (D&O) to help protect directors and officers.

Whether it is for a public, private, profit or non-profit company, D&O provides coverage for the past, present and future corporate directors and officers. It protects against personal losses, damages and defense costs if they are sued for actual or alleged “wrongful” actions done while they were with the company. For instance, this may include failure to maintain company records and reports, company financial losses, wrongful dismissal and employee discrimination. The company itself can also be reimbursed while defending the director or officer in question.

Once again, exclusions apply to the coverage. D&O does not cover claims against intentional illegal  acts, criminal exploitation, dishonest actions, libel, slander, and bodily injury or property damage.

D&O is generally purchased by the company to cover a group of individuals rather than an individual director or officer. Like EBL, D&O is also a claims-made coverage, normally featuring a retroactive period that is agreed upon with the insurer.

We hope to have offered further insight on the many forms of business insurance available in the market. As the business landscape continues to change with societal advancements, new regulations and the people that govern it, it is important for companies to protect themselves and their reputation by investing in the right protection for their employers, employees, directors and officers. Let us at Pacific Insurance Broker Inc. help you find the security your company needs.