NEWS

Mortgage Insurance vs. Life Insurance

If you have mortgage life insurance that you purchased through your lender there are some things you should be aware of. First of all mortgage life insurance tends to be more expensive than personal life insurance purchased through an independent life insurance broker. To give you a sense of the cost differences here are some sample comparisons of mortgage life insurance versus personal life insurance:

Mortgage
Amount $250,000
20-Year Term

Updated Rules for Operating Drones

On Jan. 9, 2019, the federal government published updated rules—to be enforced by Transport Canada and the Royal Canadian Mounted Police (RCMP)—for flying unmanned aerial vehicles (UAVs), more commonly known as drones, in Canada. The new rules, which apply to drones weighing 250 grams to 25 kilograms that are operated within the pilot’s visual-line-of-sight, introduce two categories of drone operations based on proximity to bystanders and airspace rules. These new regulations went into effect on June 1, 2019. Read the

Employment Practices Liability

Employment Practices Liability insurance provides coverage to employers against claims made by employees alleging discrimination, wrongful termination, harassment and other employment-related issues.

Employment-related lawsuits are a growing concern for employers of all sizes, including home-based businesses.

Check out this Employment Practices Liability flyer, or call us at 1.250.595.5212 to learn more.

 

Digital Privacy Act: Canada’s Data Breach Notifications Rules

With each passing year, malicious cyber events increase in size and severity, impacting companies and customers alike. Small and medium-sized businesses are common victims of hackers, as their security measures tend to be easier to crack. However, even global organizations like Yahoo, eBay and Target that have invested substantial sums into cyber security programs are not immune from the threat of a data breach.

In 2016 alone, more than 1.3 billion records were lost or stolen worldwide, with Northern America

Federal Data Breach Regulations Take Effect Nov. 1, 2018

Starting Nov. 1, 2018, Canada’s federal Personal Information Protection and Electronic Documents Act (PIPEDA) will require organizations that suffer a data breach involving personal information to:

    1. Report the breach to the Privacy Commissioner of Canada.
    2. Give notice of the breach to affected individuals.
    3. Maintain records of data breaches that affect personal information

In order to avoid fines and penalties, organizations will need to understand the basic requirements of PIPEDA.

Learn more and