Our thoughts and prayers are with those affected by the wildfires in Fort McMurray area this week. We would like to assure our clients that the insurance companies we partner with have excellent catastrophic loss teams in place and we are here to provide information and resources to help see you through this challenging time.
Part of risk management is preparing for unforeseen security threats and disasters. Though such situations may seem unlikely or difficult to imagine, such threats could lead to catastrophic consequences for your business. Criminal behaviour, including vandalism or theft, presents a more tangible risk, but you also need to consider the risks of natural disasters or terrorism threats in your community. These risks are even greater because you have a responsibility to protect not only your employees, but also your patrons. To prepare for the unexpected, you should review your security and disaster readiness plans to help you minimize the impact of any potentially threatening situation.
On March 5, 2015, the Canadian Radio-television and Telecommunications Commission (CRTC) issued a notice of violation (NOV) and a penalty of $1.1 million to Compu-Finder, a Quebec-based business training firm, for four violations of Canada’s Anti-Spam Legislation (CASL). This marks the first time the CRTC has levied penalties under CASL.
A strong reputation has the potential to be your largest asset, but just one crisis could irrevocably tarnish your image and ruin your business. According to a recent survey from Deloitte, the largest professional services network in the world, 87 per cent of business executives believe that reputation is their largest risk area, and only 19 per cent of respondents think their business is adequately protected. In order to be prepared, you need to identify and mitigate the potentially devastating risks to your business’s reputation.
Over the past few years, Uber, a popular ridesharing company, has expanded its operations into a handful of Canadian cities. While drivers and passengers cite ridesharing as a cheaper and more convenient alternative to traditional taxi services, the industry is not without risks.