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5 Tips For Driving In A Storm

5 Tips For Driving In A Storm
What a summer this has been already. Severe heat warnings have become the norm and the only relief we may feel comes in the form of severe thunderstorm warnings. We touched upon how climate change has been affecting insurance in the past and it seems like a more relevant topic than ever before. At the time of writing this, there are once again sev...ere weather warnings in Ontario in the form of thunderstorms – so here are some ways to look after your car with the elementals being as volatile as they are.   Make Sure The View Is Unimpeded When the rain is lashing down on your windshield and the clouds make sun disappear, visibility can be a real issue. The last thing you would want with limited visibility is a dirty windshield or side mirrors that further debilitates your ability to see. Not only does this make driving more challenging, it also greatly increases the likelihood of being in an accident. Moreover, make sure that your headlights, taillights, emergency lights, and indicators are working in top condition. The tires should also be checked to ensure that they have the right amount of tread so that your car doesn’t end up in a ditch.   Do Not Use Your Brights While it is important to make sure that your headlights and taillights are turned on in a storm, it’s important to stay away from the full-blast of the brights. The high-beams on a car during a storm not only doesn’t help, but it makes visibility actively worse. This is because the light reflects off of wet surfaces and bounces back into the drivers eyes – all the while blinding those coming the other direction.   Take Your Time, Don’t Rush This really should go without saying but a surprising amount of drivers don’t alter their driving style based on the conditions that they are faced with. If you’re caught up in a storm, slow the car down. Driving in the rain in the same manner as driving on a sunny day is a sure-fire recipe for disaster. Take your time, don’t rush, and make smart decisions!   Watch Out For Deep Water A good rule to follow when driving in the rain is this: if the water is over 3 inches deep and covering the road markings, do not go for a drive. Studies show that once roads are covered in 3 inches of water, there is a greatly increased chance of losing control of the car and having a crash. On top of that, larger vehicles may drive past and push water underneath your car – something that can very easily stall the engine and cause a lot of unnecessary damage under the hood.   Just Stay Inside Ultimately, we’re still in the middle of a pandemic. While restrictions are slowly being lifted, we still need to be cautious and careful – staying inside and avoiding unnecessary trips is the way to go. Add onto this the added risk of a severe storm and it makes sense to keep the car in the garage for the next little while. Make sure to keep an eye on the weather forecasts and plan accordingly. Being as risk averse as possible is the best way to handle this!   To learn more about how you can keep your car safe, contact one of our licensed experts today at 905-696-9090 or send us an email at This email address is being protected from spambots. You need JavaScript enabled to view it. document.getElementById('cloak8f3764a26afbad010aa6f107686a6dc8').innerHTML = ''; var prefix = 'ma' + 'il' + 'to'; var path = 'hr' + 'ef' + '='; var addy8f3764a26afbad010aa6f107686a6dc8 = 'better' + '@'; addy8f3764a26afbad010aa6f107686a6dc8 = addy8f3764a26afbad010aa6f107686a6dc8 + 'hubbardinsurance' + '.' + 'com'; var addy_text8f3764a26afbad010aa6f107686a6dc8 = 'better' + '@' + 'hubbardinsurance' + '.' + 'com';document.getElementById('cloak8f3764a26afbad010aa6f107686a6dc8').innerHTML += ''+addy_text8f3764a26afbad010aa6f107686a6dc8+''; More
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Insurance Market Outlook 2020 - Mid-Year Update

Insurance Market Outlook 2020 - Mid-Year Update
One of our roles as your insurance advisor is to keep an eye on insurance industry trends and stay ahead of the curve as to the impact changes may have on our client partners. As every year, we did that in January … Right, and now it seems like we're in March 125th, 2020 or whatever the days amount to since the pandemic started. It’s time for a mi...d-year update First off, major kudos to the entire HIG team who we’ve never been prouder of. They pivoted literally over night to, not only working exclusively from home, but handling an immensely increased workload. There were no days off for them and I remain humbled by their efforts and diligence through this. The pandemic has had a huge impact on the insurance industry as whole in many ways. The ‘hard market’ insurance environment we spoke of over the past 12-18 months that has impacted virtually every type of insurance with increased costs, limited capacity and far tighter underwriting guidelines, has gotten more severe in the last 3 months. Insurance companies and re-insurers alike have narrowed their appetite, reduced their capacity to write business, and severely tightened underwriting guidelines more than ever before. Add to that multiple catastrophic weather related events (“50 year floods” are annual events now) and it’s not a good combination to say the very least. As insurance companies have widely communicated previously, property coverage requires there to be a direct physical loss or direct physical damage and that business interruption coverage will not be triggered for a loss caused by a virus or bacteria. One of things that has subsequently emerged out of the pandemic is Canadian insurers are making changes to their coverages that fall in line with the rest of the global insurance marketplace. Reinsurers globally are now requiring explicit virus and bacteria exclusions. As a result, we are seeing more companies adding a virus and bacterial exclusions to property policies, so we’ll be seeing more of that. Directors & Officers Liability is seeing one of the most severe swings in coverage availability and cost. Reality, restaurants, wind power & transportation sectors continue to be challenged. Increased disclosure & costs as well as coverage limitations continue in these areas. We held a “COVID-19 and Insurance” webinar which you can see here on our COVID-19 Page that is updated regularly with how insurance companies are responding and other general information. We’ve got a lot of resources available to us so if you have questions, let one of our advisors know or This email address is being protected from spambots. You need JavaScript enabled to view it. document.getElementById('cloakc8f27e7ff17ef6d70a0645b58823251e').innerHTML = ''; var prefix = 'ma' + 'il' + 'to'; var path = 'hr' + 'ef' + '='; var addyc8f27e7ff17ef6d70a0645b58823251e = 'better' + '@'; addyc8f27e7ff17ef6d70a0645b58823251e = addyc8f27e7ff17ef6d70a0645b58823251e + 'hubbardinsurance' + '.' + 'com'; var addy_textc8f27e7ff17ef6d70a0645b58823251e = 'simply email us';document.getElementById('cloakc8f27e7ff17ef6d70a0645b58823251e').innerHTML += ''+addy_textc8f27e7ff17ef6d70a0645b58823251e+''; . Our principal focus remains to advise our clients on the best road forward in regards to their insurance programme. Here’s to a healthier second half of 2020, from your Hubbard Insurance Group advisor team.     More
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Cyber Insurance Is Right For Your Business

Cyber Insurance Is Right For Your Business
Have you considered cyber insurance for your business? Here are a few reasons why it might be smart to do so. Cyber insurance is finding its way onto the agendas of businesses everywhere, but it’s still a relatively misunderstood class of insurance. Because of this, many companies find themselves confused about how cyber insurance actually works a...nd are skeptical about whether it makes sense for their business to purchase a policy. We hear you. In an effort to answer some of your big questions and put your concerns to rest, here are six big reasons why buying a standalone cyber policy may be a smart decision for your business. You get cybersecurity tools and support, for free For most small-to-medium sized businesses, having a robust in-house IT security team isn’t always possible, or even necessary. But this can leave you without a place to turn in the event that the worst does happen. Would you know what to do if you walked into the office one morning and your systems had been disabled? Cyber insurance is a highly cost-effective way to gain access to the support you need in order to both prevent and respond to cyber events. Most cyber policies come with a number of proactive risk management tools, such as employee cybersecurity training programs, which help reduce successful phishing attacks, and dark web monitoring, which scans the dark web for signs that data relating to your business has been compromised. Most importantly, when it comes to responding to a cyber event, a good policy will give you access to IT experts, forensic specialists, PR firms, lawyers, and more, and often with a nil deductible. Over half of all cyberattacks are aimed at small-to-medium sized businesses While the headlines focus on major security breaches at major companies, over half* of all cyber attacks are aimed at small businesses. What you don’t often hear about is the local law firm that mistakenly transfers $100,000 to a fraudster after being duped by a social engineering scam or the doctor’s office unable to use their computer systems for days because of a destructive malware attack. Just because events like these aren’t reported in the mainstream media doesn’t mean they aren’t happening. Cybercriminals see smaller organizations as low hanging fruit because they often lack the resources necessary to invest in IT security or provide cybersecurity training for their staff, making them an easier target. Your employees will probably click on something they shouldn’t Approximately three quarters of the cyber claims we deal with involve some kind of easily-preventable human error. Theft of funds, ransomware, extortion and non-malicious data breaches usually start with a human error or oversight such as clicking on a phishing link, which then allows cybercriminals to access your systems from the inside. The fact remains that humans are the weakest link in the cybersecurity chain no matter how hard we try. Cyber insurance is a cost-effective way to not only get access to risk management tools like phishing-focused employee training programs, but also to cover the financial loss if someone makes a mistake. You aren’t covered under other lines of insurance Cyber cover in traditional lines of insurance often falls very short of the cover found in a standalone cyber policy. Property policies were designed to cover your bricks and mortar, not your digital assets; crime policies rarely cover social engineering scams - a huge source of financial losses for businesses of all sizes - without onerous terms and conditions; and professional liability policies generally don’t cover the first party costs associated with responding to a cyber event. So, while there may be elements of cyber cover existing within traditional insurance policies, it tends to be only partial cover at best. A good standalone cyber policy, on the other hand, is designed to cover the gaps left by traditional insurance policies, and importantly, comes with access to expert cyber claims handlers who are trained to get your business back on track with minimum disruption and financial impact. Cyber insurance covers far more than just data privacy Two of the most common sources of cyber claims we see aren’t related to privacy at all – funds transfer fraud is often carried out by criminals using fraudulent emails to divert the transfer of funds from a legitimate account to their own, while ransomware can cripple any organization by freezing or damaging business-critical computer systems. Neither of these types of incidents would be considered a data breach, but both can lead to severe financial damage and are insurable under a cyber policy. Many businesses think that cyber insurance won’t be useful to them because they don’t collect sensitive data. However, more than 50% of our cyber claims come from events unrelated to breaches of privacy, and any business that uses technology to operate will have a range of other cyber exposures which a cyber policy can address. Cyber insurance pays more claims than any other type of insurance One of the leading insurers of this type of coverage has paid more than 1,500 cyber claims in the last 12 months, a number that eclipses previous years and is steadily growing, and the vast majority of these are from small and medium sized business. The industry as a whole is showing similar trends and low declinature rates. In fact, it was recently revealed that 99% of cyber insurance claims were paid in 2018, which means cyber has one of the highest claims acceptance rates across all insurance products. Information like this shows that cyber policies are doing what they set out to do, which is provide broad coverage for a range of technology and privacy-related risks affecting modern businesses, all backed up by proactive risk management and expert incident response and claims handling. Do you have questions about whether cyber insurance is right for your business? Reach out to This email address is being protected from spambots. You need JavaScript enabled to view it. document.getElementById('cloak533fbdbc6446e1ac933b85b566f1d02c').innerHTML = ''; var prefix = 'ma' + 'il' + 'to'; var path = 'hr' + 'ef' + '='; var addy533fbdbc6446e1ac933b85b566f1d02c = 'better' + '@'; addy533fbdbc6446e1ac933b85b566f1d02c = addy533fbdbc6446e1ac933b85b566f1d02c + 'hubbardinsurance' + '.' + 'com'; var addy_text533fbdbc6446e1ac933b85b566f1d02c = 'better' + '@' + 'hubbardinsurance' + '.' + 'com';document.getElementById('cloak533fbdbc6446e1ac933b85b566f1d02c').innerHTML += ''+addy_text533fbdbc6446e1ac933b85b566f1d02c+'';  today or call 800.900.2009 to speak to a Hubbard Insurance Advisor.   Source: with files from CFC Underwriting     More
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Heatwave PSA

Heatwave PSA
    Heatwave PSA.
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Dealing With Heatwaves

Dealing With Heatwaves
    Source: Canadian Underwriter
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