Wondering If You Are Protected?

Insurance Brokers Association Canada
www.ibao.org

General Commercial Crime and Fire Prevention

Ensure that all exterior doors have deadbolt locks with a minimum one inch bolt into the strike plate.
Secure exposed exterior door hinge pins to prevent their removal.
Protect all grade floor glass through the use of bars, metal screens or burglary resistant glazing materials.
Install a burglar alarm system that is monitored offsite. Look for a system certified by the Underwriters Laboratories of Canada (ULC).
Continually check for unsafe work conditions and practices, and take prompt corrective action.
Provide serviced, multi-purpose fire extinguishers on your premises and instruct all staff in their use.

Protecting Your Computer Equipment & Data

Clamp or lock PCs to desks/work stations. Security kits are available at a nominal cost.
Back-up data and programs on a regular basis and store them offsite in a secure location.
Laptop computers are portable and easy targets for theft. Do not leave them unsecured or unattended.
Maintain records of serial numbers for all of your computer equipment.

Business Interruption Prevention

Employ the services of a professional accountant to: (a) Prepare financial statements; (b) Perform an annual audit of your books.
Maintain a list of secondary suppliers of materials in the event your primary supplier suffers a loss.
Be prepared with a plan of action of how you will continue to service your customers while your premises are being repaired after a loss. This will help you to avoid losing your customer base. Consider availability of temporary premises where you can resume operations immediately.
Reduce the physical and moral hazards that could cause loss to your business.
Duplicate your business records and store them off-site; in the event that your premises are damaged, you will have documents to substantiate any business interruption loss.

Running a business can be a very rewarding experience. Talk to us if you have any doubts about your business insurance needs.