Category Archives: Insurance

Providing the latest information in the insurance sector.

DOES YOUR ORGANIZATION HAVE (ENOUGH) FIDELITY/CRIME INSURANCE COVERAGE?

In the past 5 years, 35% of private companies in Canada reported a loss due to workplace crime, such as employee theft, vandalism or forgery; theft was the most common type of loss suffered by said companies. Experts estimate that 96% of all companies will experience some type of employee theft without recognizing how much… Read More »

INSURERS MUST FIND NEW DISTRIBUTION MODELS TO SATISFY INCREASINGLY DEMANDING CUSTOMERS

The rise of the digital economy is radically changing insurance distribution. Insurers need new distribution models that will satisfy growing customer demands and quickly capitalize on opportunities. The burgeoning digital economy is rapidly changing the distribution of insurance products and services. Carriers tied to old business models will increasingly lose revenue to tech-savvy competitors, innovative… Read More »

ULTIMATE GUIDE TO BLOCKCHAIN IN INSURANCE

Questions answered in this ultimate guide: What is blockchain? How does blockchain work? How can blockchain benefit the insurance industry? How is blockchain technology being implemented in insurance? How can the insurance industry prepare? What is blockchain? The blockchain is a distributed database system in which transactions and records can be signed, exchanged and verified… Read More »

VALUE VS. PRICE: WHY IT’S IMPORTANT TO LOOK AT THE BIG PICTURE WHEN CHOOSING INSURANCE

“Price is what you pay. Value is what you get.” – Warren Buffett Everyone likes a good price. Most of us need to manage limited resources and want to get decent mileage out of our money. Purchases with a larger price tag naturally demand our attention – and insurance is one of these items. As insurance… Read More »

WHAT IS EMPLOYMENT PRACTICES LIABILITY COVERAGE?

Employment Practices Liability can provide coverage for directors, and officers and the corporation for claims alleging employment discrimination, harassment, wrongful termination and many other related employment torts. Commercial General Liability does not cover legal situations with regard to employment-related claims. The EPL policy can be purchased as a stand-alone policy, or as part of a… Read More »

WHY USE AN INSURANCE BROKER?

WHAT IS AN INSURANCE BROKER? That’s a question that we’ve often heard here at Rogers Insurance. The insurance world is in a state of major change right now. Historically, insurance companies (also known as “direct insurers”) haven’t sold their products directly to the consumer. Instead, they offered insurance through agents. That has changed, however, in… Read More »

WHAT IS A SURETY BOND

It’s that time of year when non-residential construction moves into full-tilt. If you’re just starting out in construction, you’ve likely heard about surety bonds but perhaps you’ve never had to get one. Below we’ll talk about what they are and what’s required to acquire one. Surety bonds are usually required of general contractors on public… Read More »

BOOM & GLOOM: INSURANCE TIPS FOR ENDURING THE ECONOMIC DOWNTURN

Alberta is an oil-driven economy – old news to businesses currently affected by the decline in oil prices. The ongoing slump in the economy is forcing companies to focus on preserving their viability, from organizations directly involved in exploration and production to industries supporting resource development construction and manufacturing. We’ve been here before: some companies… Read More »