Lareau Blog - Page 2 of 7 - Insurance brokers

Flooding… Long-term Preventive Measures and Precautions

Charles-Antoine Carra Auteur Lareau - Charles-Antoine Carra

We are in the middle of the flood season. And this year, it has been hitting us hard. Flooding occurs more and more often and this means that we need to redouble our efforts when it comes to taking preventive measures … and adopting certain long-term precautions. Two reasons explain why flooding is happening on an increasingly frequent basis: More sudden and heavy rainfalls, as a consequence of climate change. The deforestation and filling of wetlands, which serve as natural sponges. What can be done to prevent this? Not much … water will overflow if it has to … but what we can do is take precautions. Actually, you may still benefit from these measures even if you don’t own a waterfront property… Here are ten tips that are both affordable and easy to put in practice. Most of these Lire la suite…

Release form: do I sign or not?

Lori-Ann Yelle Auteur Lareau - Lori-Ann Yelle

It’s 7 a.m. on Sunday and the phone rings. My best friend asks me if I want to replace her colleague at the trendiest obstacle course that has just opened. The catch: the event is in two hours. No problem; after all, you only have one life to live! On site, I am asked — required rather — to sign a release form in the event of injury, dismemberment, and even death. Two thoughts come to mind: Is the obstacle course made up of flame throwers and crocodiles? Am I required to sign? A legal matter First off, under Article 10 of the Consumer Protection Act, a merchant is prohibited from being liberated from the consequences of his own act or the act of his representative. Thus, this law disallows the merchant from being discharged of all liability. Furthermore, Article 1474 of the 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…

Sugar rush in Quebec

Vanessa Fortin Auteur Lareau - Vanessa Fortin

In Quebec, sugaring-off season will begin shortly — a sign that winter will be over soon enough! It’s well-known that springtime every year is characterized by the collection of maple sap, a real goldmine for Quebec. It’s true, maple syrup is the only food product with which we dominate the market, representing 71% of its shares. The industry is comprised of close to 13,500 maple syrup producers and generates around 5,000 jobs. Year after year, maple syrup is growing in popularity. Its syrup is a natural sugar, which is composed of over 50 beneficial compounds, namely one named “quebecol” in honour of its biggest global producer, Quebec. Maple syrup is obviously an integral part of our culture and our recipes since it’s a product that is readily accessible to all those who live in the province. It is more than likely to find Lire la suite…

Repairing or replacing a windshield. What to do?

Clifford St-Rémy Auteur Lareau - Clifford St-Rémy

The windshield is an important element of your vehicle: it fits into its structure, as much as the roof and doors. The windshield prevents the roof from caving if you roll over, allows the airbags to deploy in the right direction to protect the passengers and stops you from being thrown out of your car if a serious crash occurs. A tiny chip in your windshield can seem meaningless but think again. The question you have to ask yourself is whether to fix it or replace it. Repairing your windshield Your windshield that needs to repaired because of a star break or a chip is covered by your insurance company — without you having to pay a single penny — if you are protected by Chapter B3 (Comprehensive coverage), commonly referred to as “fire, theft, vandalism”. On top of being Lire la suite…

Your home-based business: is it insured?

Marie Claire Dansereau et Kim Wesley Auteur Lareau - Marie Claire Dansereau et Kim Wesley

You’ve decided to follow your instinct and become an independent worker. You’ve invested your time and money to make your dream a reality. After several weeks of planning, your business is finally up and running… from your home! You’ve notified your clients, your suppliers — you’ve thought of everything… well, almost everything. Have you called your insurance broker to communicate this change to him? You should know that in case of a loss, not having reported your business to the insurer could invalidate your claim. What does “business” refer to? Any continuous or regular pursuit undertaken for financial gain including a trade, profession or occupation. If you’re a hairdresser, an accountant, a interior decorator and you welcome your clients into your home a few evenings a week to offer them personalized services, your broker must be made aware of this. Lire la suite…

My work, my passion

Danielle Ouellette Auteur Lareau - Danielle Ouellette

It happened on a Wednesday, on May 16, 1984, to be precise. Everything was set into motion on that day. Here is how my story began. At the tender age of 21, I had gotten an interview to find a job in insurance — even though this was an industry I knew nothing of. The month of May is a very busy one for all insurance firms so you can only imagine what I was getting into… I arrived for the interview with my head held up high on my 5 feet 6 inches frame. As the interview progressed, I saw my chances fade away because I had no insurance knowledge. At the end of my interview, I took my biggest gamble to date — I offered my services for free for the next two days, which were Thursday and Friday. To my Lire la suite…

The tiny house: an insurance that measures up?

Jessie Hébert-Barbeau Auteur Lareau - Jessie Hébert-Barbeau

Although the number of children per household has considerably decreased in the past few decades, our living space has increased. Since the 80s, the average size of a single-family home is a lot larger. In Canada, that number varies between 1,900 and 2,300 square feet. Seeing as more space translates into a bigger mortgage, more and more people have started to break away from the trend by downsizing and living in tiny houses. What is a tiny house? These small abodes typically measure fewer than 400 square feet. They come in many different forms and are used for an even bigger number of reasons. On wheels First of all, there are mobile tiny homes that are built on trailers and that don’t sit on a foundation. They can be moved around to suit your nomadic desires. This type of dwelling on wheels Lire la suite…

The holidays and your guests’ accountability

Gabrielle Côté Auteur Lareau - Gabrielle Côté

The holidays are fast approaching and you will be hosting your friends and family, getting your best outfits out and creating a festive atmosphere around traditional comforting meals. Afterwards, we take a few days off and we take in a big breath of freedom and happiness, sometimes verging recklessness! As a result, if your guest were to cause any damage to your home during these celebrations, did you know that as a tenant you could be help responsible? Your insurance contract Depending on the tenant’s insurance policy, the personal liability section of your contract states that you are covered for the following: Property damage — the building in which you live Physical damage — any person who gets injured in your dwelling Moral damage — any prejudice arising from remarks that might harm a third party The situation It’s December Lire la suite…

Does your insurance contract reflect your risk tolerance?

Martin Decelle et Jimmy Lussier Auteur Lareau - Martin Decelle et Jimmy Lussier

Martin and Jimmy jump out of a plane flying at 20,000 feet. Martin obviously has his parachute whereas Jimmy claims to not need one. Whose decision do you think is the riskiest? First of all, a risk is defined as an uncertainty in relation to the outcome of an event that could be positive or negative. You are right if you answered Martin. In the case of Jimmy, the outcome of his action is certain: he will unfortunately hit the ground. On the flip side, it is not certain that Martin will successfully land. What about when it comes to insurance? Is it crucial to have it right now despite so many weather conditions and daily accidents? Is it really useful to have to protect us against uncertainty? The answer is undeniably “yes” but each and every one of us reacts Lire la suite…

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7