Tag: Insurance
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Role of Not-for-Profit Insurance for Healthcare Facilities
Healthcare facilities operating as nonprofit organizations face a unique landscape of challenges that for-profit institutions simply don’t encounter. Between managing tight budgets, navigating complex regulations, and serving vulnerable populations, these facilities need protection that understands their mission-driven approach. That’s where specialized insurance coverage becomes not just helpful, but essential. Understanding the Unique Risks Healthcare Nonprofits…
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Why You Should Never Face Insurance Fraud Charges Alone
Life has a way of throwing unexpected challenges, and facing allegations related to insurance fraud can be one of the most stressful situations imaginable. Between navigating complex policies, understanding strict legal procedures and managing the fear of potentially serious penalties, many people find themselves overwhelmed before even knowing where to start. This is why hiring…
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Top Construction Insurance Pitfalls: How to Manage Risks, Claims and Coverage Gaps
The construction industry is one of the most dangerous professions in the country. In fact, in 2023, about 1 in 5 workplace deaths occurred in the construction industry and 38.5% of these deaths were due to falls, slips and trips. So, it’s no surprise that the impact on insuring the industry is complex, including claim…
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Managing Risk and Insurance Challenges in Green Construction Projects
With growing interest around the globe – and government programs to support the shift – both designers and construction firms are taking on an increasing number of green projects, both in Ontario and across Canada. Yet this new building trend comes with additional risks – risks that designers and builders alike may not always understand.…
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Understanding Construction Contract Insurance Requirements: How to Avoid Costly Gaps and Legal Risks
It is critical for contractors to understand the insurance requirements in construction contracts, as these projects carry very high levels of liability and risk. Construction involves moving variables, dangerous environments and hazardous conditions that can generate serious losses. Risks include fires, trench collapses, accidents and even loss of life. Insurance is essential to protect the…
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Construction Insurance Outlook 2026: How Contractors Can Manage Rising Costs, Labor Shortages and New Risks
Construction business leaders know how quickly market conditions can shift. Tariffs, labor shortages, and inflationary pressures are changing the cost of doing business, while technology and legal risks evolve just as rapidly. In this environment, a “set it and forget it” approach to renewing your insurance policy can leave gaps and create costly surprises. According…
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The most negotiated insurance clauses in construction contracts
For large general contractors (GCs) and their subcontractors, the contract is where project risk is either controlled—or left dangerously exposed. While scope, price, and schedule get plenty of attention, it’s often the insurance clauses that quietly determine how well you’re protected when things go wrong. Throughout my career, I’ve seen certain clauses surface again and…
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Guaranteed cost vs. loss-sensitive plans: How the experience modifier impacts construction insurance cost
On a construction project, insurance costs, especially workers’ compensation, have a significant impact on the contractor’s profitability and its ability to price bids competitively. One of the most powerful drivers of those costs is the Experience Modifier, or Ex Mod for short (or EMR-Experience Modification Rating). Contractors need to understand how the Ex Mod functions…
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Posting holiday pics may invalidate home insurance
Sharing real-time holiday photos on social media might do more than garner likes –it could compromise your home security and affect your insurance coverage. Insurers caution that public posts revealing your absence may breach ‘reasonable care’ clauses in many policies. Even private posts aren’t foolproof; screenshots and shared content can expose your home to potential…
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How Controlled Insurance Programs Help Large Construction Projects Avoid Failure
Large scale or “mega” construction projects routinely fail – and sometimes even small and mid-sized projects – costing project owners and governments billions of dollars and sometimes completing years after the expected completion date. In Toronto, the Eglinton Crosstown LRT is a particularly well known example, running at least five years behind schedule and costing millions more than initially…