Corporate Archives - Lareau Blog

Corporate

Protect your business from cyberattacks!

Marie-Pier Roberge Auteur Lareau - Marie-Pier Roberge

  Recently, malware of a type known as “ransomware” has been spreading quickly. As you may know, two examples of ransomware, “Petya” and “WannaCry,” have caused serious problems all over the world! What is ransomware? This type of malware primarily targets businesses. It gets into computers and blocks access to the victims’ data by encrypting them. Hackers then request payment to decrypt the files and allow the victims to access their computer system once again. However, even if the ransom is paid, there is no guarantee that the victims’ access to all of their computer files will be restored. A few tips to prevent worst-case scenarios! We know that you dedicate enormous time and effort to building your business. We also know that the data on your computer system, including customer, supplier, product, and financial information, are critical to your Lire la suite…

Statutory conditions

Marc Hupé Auteur Lareau - Marc Hupé

After a large claim that is covered, a fire for example, it is not uncommon for the insured to be faced with the issue of rebuilding his home according to the new building standards required by the Régie du bâtiment or the municipality. These new standards are also called statutory conditions, zoning by-laws, or by-laws. So, if a loss were to occur and you had to rebuild a section of your building, who will pay for the part that isn’t damaged if the city requires it to be demolished because the building no longer respects the mandatory distances? Who will pay to tear down this part? And finally, who will pay for the difference between the initial estimated costs and the costs under the new standards? You’ve guessed correctly… it’s the client! In terms of insurance In order to benefit Lire la suite…

Breakdown of what?

Julien L'Heureux Auteur Lareau - Julien L'Heureux

Let’s look at a section of your commercial insurance that is probably not very clear to you. Have you ever noticed a coverage called Equipment Breakdown in your policy? Have you ever realized that this coverage’s limit is equivalent to the total amount of your property coverage as well as the amount payable for business interruption? This protection aims to cover risks that are excluded from your property coverage. It can be divided into two types of risks: live appliances and pressure vessels. The resulting damage must have been caused by an accident. Therefore, the damage cannot have resulted from corrosion, erosion, dewatering, deterioration, wear and tear, valve leakage, vibration, misalignment or cracking of any part of a gas turbine exposed to the products of combustion. Several elements of your microbrewery are affected by this coverage. Let’s consider, for example, Lire la suite…

POLLUTION INSURANCE—WHY IT’S SO IMPORTANT FOR CONTRACTORS

Charles-Antoine Carra Auteur Lareau - Charles-Antoine Carra

Environmental consciousness was not always an important issue as it is today. Similarly, purchasing pollution liability insurance has yet to become a priority for companies. However, this will change. Do you know why repair garages are always located near rivers in the countryside? Because old engine oil was disposed of in the water. Seems incredible, right? Yet, it’s true. It sounds surreal because we are more attuned to the environment and have a deeper overall understanding of issues surrounding it. With this awareness comes the need for this particular type of insurance, which is still widely forgotten: pollution insurance. Brian Cane, V-P of ENCON Group, has already written an article on the importance for contractors to purchase pollution insurance. I have summarized for you the main points and his top five reasons for having this specific type of insurance. 1- Lire la suite…

EXCAVATION WORK, A COMPLEX OPERATION

Charles-Antoine Carra Auteur Lareau - Charles-Antoine Carra

We hear the ol’ folks say… “In my days, we dug using a pick and shovel and the problems were endless. We’d roll up our sleeves and work hard.” Today, everything has changed. Even oranges have disappeared from Christmas stockings. Even so, we keep digging. We keep digging and although we regularly trade in picks and shovels for mini-excavators, the operation has not streamlined much. Nowadays, we’ve traded in an operation much less manual for one that is a little more complex. With time, our ground has become more elaborate and is composed today of layer upon layer of underground infrastructure. Gas lines, water lines, telephone wires, fibre optics, cables, old oil pipes… And just because you’ve seen a man on his little digger, you think you’re up for the task of digging your future uni-stone walkway? Or you think Lire la suite…