403-Collis5
(265-5475)
info@collisinsurance.ca

Accounting Phone Scam

We have recently been informed that a few customers have been fraudulently contacted by someone identifying themselves as an Intact Insurance employee looking for credit card information. The person calling indicates that the account is in arrears and in order to keep it current, payment is requested right away. The caller then tries to solicit personal payment information. As a reminder, Intact Insurance never contacts any customer to request banking information over the phone. Should current banking information be needed, we would send the customer a notice in the mail requesting these details. Please be aware of this phone scam and never provide personal payment information to anyone you are not familiar with. If you have any questions, please contact...

Calgary School and Playground zones

On July 22, 2014 City Council approved changes to school and playground zone timing in Calgary. Playground zones will now be in effect from 7:30 a.m. to 9 p.m., all year around. School zones will also be in effect from 7:30 a.m. to 9 p.m., on school days. Setting straight forward and consistent playground and school zone hours will improve safety for both pedestrians and motorists. School Zone and Playground Zone...

Is your Insurance Broker no longer doing business

with Intact Insurance? Recently, we heard that a couple of large Insurance Brokers were no longer going to be doing business with Intact Insurance going forward.  They will be moving all their Business Insurance clients to other insurers, whether they want to stay with Intact insurance or not…  The problem?  Some business owners are very loyal to those parties who have been good to them – or have treated them properly! In this case, Intact Insurance is a very large, financial stable, insurer who settle their claims in a fair manner. Is your Broker moving your Commercial Insurance away from Intact Insurance, but you would prefer to stay with Intact?  Or did someone you know recently complain about being moved away from Intact against their wishes?   We can help!  Do not hesitate to “Collis”, or refer us to your friends, to discuss keeping your Business Insurance needs with Intact...

“Hang a Director or Officer Out to Dry”

Court of Appeal Affirms Ability to “Hang a Director or Officer Out to Dry” and Deny Defense Cost Funding Trisura Guarantee, who specializes in Directors & Officers Liability and Professional Liability Insurance, recently notified it’s Independent Brokers of the following new court decision, impacting Directors & Officers. The article is written by Jill Shore, an Associate at Dolden Wallace Folick LLP’s Vancouver office. Please (Click Here) to read the article directly. The result of this court ruling is that Directors should not rely on the Indemnity Agreement in place with the Company to provide a defense for them. In my opinion, Directors & Officers should insist that the Board they sit on has appropriate Directors & Officers Liability Insurance, from a Specialty Insurer like Trisura Guarantee – before they agree to sit on the Board. Did you know that the Board members can be held personally liable (ie. With your own assets) for the decisions, management, actions (or in-actions) of the Company/Non-Profit?  Or that Directors can be held personally liable for the unpaid Wages and Taxes of the organization – for up to six months per employee? Are you a Private Company (or Non-Profit) with a Board of Directors who sees value in protecting both the organization and it’s Board member’s assets? For more information of Directors & Officers legal liabilities or to obtain a quote for Directors & Officers Liability  Insurance, please “Collis”....

Flood Coverage

Good Morning, With the flooding over the last week we are expecting a high volume of calls to be coming in, as are all the brokerages and insurance companies. We thought that we would be proactive and let you know about the coverages on your policies regarding flood coverage. For business and commercial property policies – these policies can have flood coverage on them, if it was purchased on the policy prior to the flooding occurring. For Commercial and personal auto policies – if your vehicle has comprehensive coverage on it, then your vehicles should be covered for flood/rising water damages. For home, tenant and condo policies – unfortunately these policies specifically exclude flood coverage. However, we still recommend that you put a claim into the insurer as there may be sewer back up damages as well. As such, if you carry Sewer Back-up coverage on your policy, then some of the damages may be claimable. Additionally, usually the insurer must respond to the claim first –  before you are able to put a claim into the government for assistance. One of our major insurers, Intact Insurance, is sending out the below messages to all of their  clients: As the City of Calgary and surrounding area continue to be impacted by severe weather and flooding, we are getting many calls from customers about what to do next. Our teams are ready to start assisting customers and we have mobilized additional resources from other Intact offices across the country in the event we need their support. In the event you get calls from customers, you should make note that: Customers should take the proper precautions to keep themselves and their families safe and follow all instructions from local government and police, We have a larger than normal call volume and we are working hard to get to every customer as quickly as we can. We need all details from customers so that we can expedite the claim process, We will need to wait until the situation stabilizes before we can get out to homes and businesses, Once we are able to visit homes, we are in a better position to assess how we begin the...

Superintendent of Insurance and the Alberta Insurance Council Consumer Alert

The Superintendent of Insurance and the Alberta Insurance Council have issued a joint Consumer Alert regarding the potenial of unlicensed activity in the province.  The details are contained in the following Consumer Warning , which is also posted on the AIC WebSite. Warning to Consumers Alberta consumers should be aware of an Ontario company using the name Axccess Lifestyle Membership Corporation that is offering a multi-year, combined automobile and house insurance product through an agency named Net Wealth Capital Inc. in Ontario. They may have offered the same product online in other parts of the country, including Alberta. Neither company is licensed to offer these insurance products in Ontario or Alberta. The companies also claim to be affiliated with Lloyd’s Underwriters and the Chesterfield Group Limited. Both Lloyd’s and Chesterfield have issued notices denying this affiliation. If Alberta consumers have purchased this product or are approached by either Net Wealth Capital Inc. or Axccess Lifestyle Membership Corporation, please notify the office of the Superintendent of Insurance at Insurance@gov.ab.ca or at 780-422-1592 (dial 310-0000 first for toll-free access), or the Alberta Insurance Council at 1-800-461-3367. If consumers have purchased this product in Alberta, they should seek other coverage from a licensed...