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Valuable papers insurance reimburses the policyholder for the cost of any valuable papers such as wills, trusts, corporate charters and other records that are lost for any reason.
The Lawyers Financial Office Insurance Program comes with a range of coverages designed to fit the needs of a canadian lawyer but what exactly is included.
Burglary and theft are a growing concern for small business owners. It has a serious impact on the bottom line and can leave your business at risk of having to close shop. In a recent survey of over 3000 small businesses, more than 22% suffered losses from burglary or theft. The Hartford (a major insurer in the small business commercial space) also claims that theft makes up 20% of all small business claims. The claim amount is not small; on average the claims are for over $8000.
While the most important step in protecting your business from such devastating events is to have comprehensive insurance there are many other ways to protect your assets, manage and reduce your risk.
Here are 5 ways you can minimize the risks...
What is Valuable Papers Insurance?
Valuable papers insurance reimburses the policyholder for the cost of any valuable papers such as wills, trusts, corporate charters and other records that are lost for any reason. Though it cannot actually replace these papers, it covers the expense to replace or reproduce the damaged papers.
These are unprecedented times, with self-isolation requirements resulting in lawfirms being shut down, and/or employees working from home wherever possible. This could result in commercial buildings and construction sites sitting idle for an extended period of time during which the buildings or jobsites could be subject to property and/or liability damages that are typically associated with vacant properties.
Working from home has become a full-time reality for many of us as we do our part to stop the spread of COVID-19. It can take some adjustment however, as you may find your focus and productivity take a little more effort to maintain.
Here are some tips to get you started:
Take advantage of the morning and have a routine. Starting your day earlier than your regular in-office hours actually helps the productivity of your day. Try to finish your bigger more difficult tasks in the morning and schedule any meetings or phone calls for the afternoon.
Have a dedicated office/workspace. Setting a specific room or space as your home office will help increase your focus throughout the day. Try to avoid sitting in bed or lounging on the couch. Having a separate area as a home office will also set clear boundaries for your work/life balance.
Try as you might to run an efficient business free of workplace hazards, weather-related losses are unavoidable. Over $380 million in property damage was caused by the recent windstorm that tore its way across southern Ontario in May. According to a report by the Insurance Burea of Canada, this was the most expensive event for insurers since 2013’s Toronto floods.
Although you may not be able to steer clear of weather catastrophes, you can take the extra step to ensure your business is prepared to minimize any further damages
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