Tuesday, November 18, 2014

Caterer Liability Insurance Program

Many restaurants' CGL policies do not extend to off-premises catering. Make sure Christmas / Holiday and New Years Caterers are properly covered for their off-premises catering exposure.
Caterer liability is designed for individual caterers, restaurants (off-premises catering) or catering companies, whether catering a small reception or a large-scale event. Caterer Liability Policy will respond to defend a caterer in a court of law if a lawsuit is brought against them for injuries such as: 

  • A caterer's food causes event guests to get sick
  • A caterer's equipment causes someone to trip and become injured
  • A caterer's hot dish scalds an event guest

Available for Single Events or Annual Terms 
- Limits of liability from $1,000,000 to $5,000,000 with $1,000 deductible
(some exceptions may apply)

- Liquor Extensions available if also serving alcohol

Coverage Included:
- CGL including Third Party Property Damage / Bodily Injury - medical payment ($2,500 pp / $25,000 max)
- Non-owned Auto
- Food and Beverage Product Coverage
- Cross Liability
- Employees / Volunteers as Additional Insured 
- Tenants Legal Liability ($500,000+)

Coverage to be offered for the caterer only. Policy does not extend to the event host, therefore insured should advise that the host should obtain their own event liability insurance.

  • Coverage for Christmas Tree Lots and Christmas / Holiday Parties
  • Curling programs: Liability for Curling Bonspiels and coverage for Draw to the Button Contests. 
  • Lower rates for small-scale special events that do not include alcohol
  • Third party liability coverage for hard to place, higher risk events with larger exposures (certain conditions and restrictions apply)
  • E & O Extension for event planners provides annual coverage to event planners who are hired by event hosts. 
  • Server insurance now available for one-off events
  • Annual policies now available for clubs / associations, etc.
  • Blanket Venue Policies for third-party events 
  • Blanket Exhibitor Policies for all vendors / exhibitors at one event
  • In-house $10 million limits also now available, some restrictions apply
Contact Bridges International Insurance Service

Monday, November 3, 2014

Professional Liability Insurance Package for Architects & Engineers

Tailor made solutions for all types of Architects and Engineers.

  • Architects
  • Building Designers (incl. Ontario Bill 124)
  • Light & Heavy Civil Engineers
  • Electrical Engineers
  • Mechanical & HVAC Engineers
  • Project/Construction Managers
  • Various Others: Interior Designers, Land Surveyors, Acoustic, Chemical, Forensic, Hydrologists Industrial Process, Landscape Architects, Architectural Technologists, Draftsmen, etc.
  • Civil / Mechanical / Electrical / Chemical
  • Technologists / Technicians
  • Forensic
  • Project & Construction Management
  • Landscape, Interior Design
  • Hydrologists
  • Industrial Process

       Specialty Classes:
  • Geotechnical
  • Structural
  • Mining and Oil & Gas Industry
        Coverage Features:
  • Costs Inclusive/Costs in Addition options, First Dollar Defence, Up to $5 million Limits
  • Disciplinary Action, Occupational Health & Safety, Loss of Documents, Privacy Failure, Libel & Slander, Disciplinary Proceedings extensions
  • No Condo exclusion
  • Worldwide Coverage, Jurisdiction Canada (US Jurisdiction available for US risks)
  • Design/Build

Please call us 1-888-267-4461 for consultation.

Sunday, October 26, 2014

Mortgage Broker Errors and Omissions Insurance

Mortgage Broker Errors and Omissions Insurance

All types of Mortgage Brokers & Mortgage Administrators
Features and Specialized Underwriting
  • No minimum fees/commission required
  • First dollar defense, deductible does not apply to defence costs for E&O
  • E&O Coverage Extensions include:
    -  Automatic 60 day extended reporting period
    -  Disciplinary Proceedings Reimbursement - $15,000 Sublimit
    -  Loss of Documents - $15,000 Sublimit
    -  Libel, Slander or Defamation - $50,000 Sublimit
    -  Privacy Failure Expense - $25,000 Sublimit
    -  Dishonest & Fraudulent Acts - available where regulated
Coverages Available
  • Errors and Omissions - up to $2,000,000 limit
  • Commercial General Liability up to $5,000,000 limit
  • Office Property Package

Competitive Rates,  - Try us for an alternate quote on your upcoming renewals.  

Monday, September 29, 2014

Environmental Liability Insurance

Environmental Liability Policies are designed to offer a broad range of flexible, affordable protection for environmental risks arising out of an insured's business or contracting operations.
  • Clean up costs imposed by regulators, including: the insured's own property, other land, water and habitats.
  • Third party legal liability, including: Bodily injury, property damage including loss of use and diminishing in value
  • Cover for sudden & accidental and gradual pollution
  • Losses arising from transportation of products or waste by or on behalf of the insured
  • Non-owned disposal sites, ground contamination liabilities, defence costs and emergency expenses incurred in responding to incident
 Limits & Terms
  •  Policy limits from $200,000 up to $5,000,000 in the aggregate
  •  Deductibles as low at $2,500
  •  Stand alone policies or add to your CGL policy  

Let us help you for your insurance need.

Bridges International Insurance Services

Thursday, August 7, 2014

Liability Insurance for Events with larger risk exposures

Third Party Liability Coverage for those higher risk events with larger exposures, such as but not limited to:
- Rock concerts
- Petting zoos  
- Fireworks displays
- Caterers on short term / annual term basis
- Circus acts / Performances
- Fantasy - Live Action Role Playing
- Demolition Derby
- Fishing events (on water)
- Electronic Music Festivals
- Hypnotists
- Parades over 10,000 spectators
- Festivals / Fairs with rides
- Tractor Pulls
- Organized outings to amusement parks
- Wagon & Sleigh rides
- R&B, Hip Hop Concerts

Premiums start at $225 for Hard to Place Risks
* Certain Conditions and Restrictions May Apply *

Errors & Omission Liability Insurance Extension coverage is available for Event Planners.
- Provides annual coverage or short term coverage to event planners who are hired by event hosts
- Coverage is offered for the event planning operation only and does not extend to the event host

- Server insurance now available for one-off events
- Annual policies now available for clubs / associations, etc.
- Blanket Venue Policies for third-party events
- Blanket Exhibitor Policies for all vendors / exhibitors at one event
- $10 million limits also now available, some restrictions apply

Ask us for a quote and consultation.

Bridges International Insurance Services - 1-888-267-4461 or info@biis.ca

Sunday, July 6, 2014

Residential and Commercial Strata Insurance in Toronto Ontario and Vancouver BC

Whether you are residential or commercial strata owners, please contact us for a quote. We know you need to shop insurance sometimes, we are here to shop for you.

We could get fast turnaround time. We will ensure that you can continue to be serviced with us for  your Residential & Commercial Property.


Follow Line or Lead Capabilities
Capacity for all construction types
Flexible underwriting and rating
Quick Turnaround!
Target Industry
All types of Property risks such as:

Strata Condo Complexes
Strata Townhouse Developments
Residential Apartment Buildings
General Mercantile and Office Occupancies
And much more...

Let us help you for your insurance need.


Wednesday, June 11, 2014

Economic impact of cyber crime estimated at $445 billion worldwide: report

DAILY NEWS Jun 10, 2014 2014-06-10

Stopping cyber crime – the cost of which is being estimated at US$445 billion – can positively impact world economies, argues a new report from the Center for Strategic and International Studies (CSIS) and sponsored by McAfee Inc.
Released Monday, Net Losses – Estimating the Global Cost of Cybercrime concludes that cyber crime costs businesses about US$400 billion worldwide.
The report found that global losses connected to “personal information” breaches could reach US$160 billion, notes a statement from McAfee, part of Intel Security.
Losses from cyber crime include those directly connected to the digital and electronic clean-up that must occur following an attack, the statement notes. In Italy, for example, actual hacking losses totalled US$875 million, but the recovery, or clean-up costs, reached US$8.5 billion.
Studies estimate the Internet economy annually generates between $2 trillion and $3 trillion, a share of the global economy that is expected to grow rapidly, the statement says. Based on CSIS estimates, cyber crime extracts between 15% and 20% of the value created by the Internet.
The most important cost of cyber crime comes from its damage to company performance and to national economies, the report concludes, adding that cyber crime damages trade, competitiveness, innovation and global economic growth.
“Cyber crime is a tax on innovation and slows the pace of global innovation by reducing the rate of return to innovators and investors,” says Jim Lewis of CSIS. “The effect of cyber crime is to shift employment away from jobs that create the most value. Even small changes in GDP can affect employment,” Lewis adds.
The statement notes that cyber crime has an impact on approximately 200,000 jobs in the United States and about 150,000 jobs in the European Union.
With regard to intellectual property (IP), the report found cyber crime’s effect is particularly damaging. Countries where IP creation and IP-intensive industries are important for wealth creation lose more in trade, jobs and income from cyber crime than countries depending more on agriculture or industries of low-level manufacturing.

“Over the years, cyber crime has become a growth industry, but that can be changed, with greater collaboration between nations, and improved public private partnerships,” Scott Montgomery, chief technology officer, public sector for McAfee, says in the statement. “The technology exists to keep financial information and intellectual property safe, and when we do so, we create opportunities for positive economic growth and job creation worldwide.”

Sunday, April 27, 2014

Seven cyber risks that threaten systemic shock, identified by Zurich Insurance

Cyber-risk management professionals must look beyond their internal information technology safeguards to interconnected risks that could build up and create a global shock on a similar scale to the 2008 financial crisis, cautions recently published research from Zurich Insurance Group.

The reliance on information technology has created a complex web of interconnected risks, notes a statement from the Swiss insurance group.

Findings – detailed in the Zurich Cyber Risk Report, created in collaboration with the international think tank Atlantic Council and issued earlier this week – shows organizations must improve their response to cyber risks to avoid a potential global shock.

“While our society’s reliance on the Internet grows exponentially, our control of it only grows linearly, limited by outdated government procedures and ineffective governance,” notes the report.

“Yet modern cyber risk management does not give much thought to ‘distant digital perfection,’ the aggregations of cyber risk, which lie sometimes far outside an organization’s own server and firewalls.”

The report identifies seven interconnected risks, namely internal IT enterprise, counterparties and partners, outsourced and contract, supply chain, disruptive technologies, upstream infrastructure, and external shocks.

Even cyber security professionals are not clear on how the failure of an organization or of technology could develop to become a system-wide risk. “Cyber-risk management professionals need to look beyond their internal information technology safeguards to interconnected risks which can build up relating to counterparties, outsourced suppliers, supply chains, disruptive technologies, upstream infrastructure and external shocks,” the statement notes.

The report calls for organizations to incorporate best ideas from financial governance to enhance cyber risk management, and identify and improve the governance of global significantly important Internet organizations.

Although the Internet “has been incredibly resilient for the past few decades, the risk is that the complexity which has made cyberspace relatively risk-free can – and likely will – backfire,” Axel Lehmann, Zurich Insurance Group’s group chief risk officer and regional chairman, Europe, cautions in the statement.

“Organizations are unknowingly exposed to risks outside their organization, having outsourced, interconnected or exposed themselves to an increasingly complex and unknowable web of networks,” Lehmann explains.

More specifically, the seven interconnected risks are as follows:

Internal IT enterprise: described as risk associated with the cumulative set of an organization’s (mostly internal) IT; examples include hardware, software, servers and related people and processes;
Counterparties and partners: described as risk from dependence on, or direct interconnection (usually non-contractual), with an outside organization; examples include university research partnerships, relationship between competing/cooperating banks, corporate joint ventures and industry associations;

Outsourced and contract: described as risk usually from a contractual relationship with external suppliers of services, HR, legal or IT and cloud provider; examples include IT and cloud providers, HR, legal, accounting and consultancy, and contract manufacturing;

Supply chain: described as both risks to supply chains for the IT sector and cyber risks to traditional supply chains and logistics; examples include exposure to a single country, counterfeit or tampered products, and risks of disrupted supply chain;

Disruptive technologies: described as risks from unseen effects of, or disruptions either to or from, new technologies, either those already existing, but poorly understood, or those due soon; examples include Internet of things, smart grid, embedded medical devices, driverless cars, and the largely automatic digital economy;

Upstream infrastructure: described as risks from disruptions to infrastructure relied on by economies and societies, especially electricity, financial systems and telecommunications; examples include Internet infrastructure such as Internet exchange points and submarine cables, some key companies and protocols used to run the Internet, and Internet governance; and

External shocks: described as risks from incidents outside the system, outside the control of most organizations and likely to cascade; examples include major international conflicts, malware and pandemic.

Governments and forward-looking organizations must look beyond data breaches “to broader risks, including the increasing danger of global shocks initiated and amplified by the interconnected nature of the Internet,” notes the report forward by Lehmann and Fred Kempe, president and CEO of the Atlantic Council. “The Internet of tomorrow will both initiate and amplify global shocks in ways for which risk managers, corporate executives, board directors and government officials may not be adequately prepared,” they note.

The report makes the following recommendations – the first two relating to system-wide risk and aimed at governments and organizations with systemic responsibilities; the next three relating to local risk and aimed at individual organizations: expand the horizon of cyber risk management to system-wide resilience and response; borrow ideas from finance-sector governance;
basic: provide application white-listing, use standard secure system configurations, patch application software within 48 hours, patch system software within 48 hours, and reduce the number of users with administrative privileges; advanced: push out risk horizon, cyber insurance, demand more resilient and secure standards and products, and more effective board-level risk management; and
resilience: redundancy, incident response and business continuity planning, and scenario planning and exercises.

If you have any questions, please call our office at 604-408-8695 or e-mail to info@biis.ca

Tuesday, April 15, 2014

Insurance for Vacant Properties

Vacant Risks

Building are vacant for many different reasons, whether it be a spec home or commercial properties not yet leased.  We have an industry leading vacancy program for a wide variety of risk types.

We would offer 3 or 6 months policy terms with the option to renew. Buildings under renovations, construction or demolition are also considered.

Risk Considered:

·      Spec Homes
·      Dwellings and Commercial Properties
·      High Value Homes
·      Vacant Condominiums
·      Dwellings held in a corporate name
·      Unprotected Properties
·      Miscellaneous Vacancies

Vacant Risk Programs at BIIS

Saturday, February 8, 2014

BC and Ontario Beauty Salon Insurance

If you are operating or owning small beauty salon, you would not miss this offer.

$2 million Commercial General Liability, Professional Liability and Up to $150,000 Contents of Evey Description for Only $650 * ($550 premium and $100 fees)

*There is eligibility requirement.

This insurance program was built and intended for smaller salons that fit within the following profile:

1. Provides the following Beauty Salon Operations
         - Hair   - Ear Piercing   - Make-Up (Temporary)    - Manicures/Pedicures  - Facials
         - Body Wraps  - Waxing/Sugaring   - Eyelash (tinting/extensions)  - Acrylic/Gel Nails  
         - Product sales   - Spray Tanning   - Supplement Sales    - Teeth Whitening   
         - Other - ask us for details 

         UNDERWRITER TO ADVISE the following are sometimes eligible:
          - Massage (Non-Reg. & RMT)     - Reiki      - Aromatherapy      - Reflexology    
          - Microdermabrasion    - Peels     - Electrolysis/Electrocoagulation

2. Has up to $150,000 Contents of Every Description Limit (includes Equipment, Stock and Leasehold Improvement Values)

● Commercial General Liability coverage could be increased up to $5,000,000 with extra premium.

● Business Interruption coverage is available (Actual loss sustained)

● Small crime coverage available up to $5,000

Please call our office for consultation - 1-888-267-4461 or e-mail to info@biis.ca

Tuesday, January 21, 2014

Construction Insurance Products

BIIS's construction products are specifically designed to meet the needs of project owners, developers, architects, engineers, contractors, and project managers.

Builder's Risk (COC) coverage insures against all-risks of loss or damage to new and existing physical property. BIIS's comprehensive policy, flexible terms and conditions, and broad set of coverage extensions will help to ensure that your next project is properly covered. Construction Liability coverage includes Wrap-up, Project Specific E&O, CGL, and OLT, depending on the form of coverage you need.

Coverage Highlights:
Builder's Risk learn more >

Frame construction limits to $25,000,000

Non-combustible and Fire-resistive limits to $50,000,000
Transit and Off-site coverage included
All Risks Comprehensive coverage form
Broad Named Insured clause included
Soft Costs and Delay of Opening coverage available
Inflation Protection, By-Laws, Fees, all available
Equipment Breakdown coverage available
Wrap-up Liability

Limits to $50,000,000
Broad Additional Insured clause included
Completed Operations period up to 24 months
Limited Pollution coverage available
Forest Fire Fighting Expense coverage available
Construction Liability

Project Specific E&O Liability
Limits to $25,000,000

CGL and OLT Liability
Limits to $10,000,000

Target Business:

Commercial Projects, all occupancies

Residential Projects, including: Condos, Townhomes, Homes

Mixed Use Projects, Commercial & Residential

Civil Infrastructure Projects, including: Bridges, Roads, Pipelines, Utilities

Remediation & Renovation Projects
Projects Already Started
Builders Programs, Blanket Coverage

Please call us at 604-408-8695 or e-mail us to info@biis.ca