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For those clients who own a business of any size, it is important to obtain the necessary coverage to protect against the wide variety of risks associated with commercial operations. From general to specialized coverage, Burns & Wilcox has unparalleled access to the broadest range of Commercial Insurance Coverage available.
We are able to get a quote to propose to the insured, usually within the same day. The commitment to our partnership is key and it shows.
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What your clients should know about Habitational insurance There are more than 500,000 businesses in the U.S. apartment rental industry, accounting for $163 billion in revenue.1 Additionally, in Canada, consumers have been flooding back to apartments where the vacancy rate is 1.3 percent.2 When setting out to own and operate an income property, entrepreneurs often consider what specific staffing plans, renter…
Nearly 18 million people annually use commercial zip lines. Thirty million people ride horses. And the number of trampoline parks has risen from 25 to more than 350 parks in a four-year time span. The U.S. recreation industry continues to experience rapid growth. However, with more thrill-seeking experiences comes more risk. For example, trampoline park injuries accounted for 11 percent…
The third quarter of 2017 has experienced record-breaking severe weather. This year’s hurricane season is one of only six years to feature at least two Category 5 hurricanes: Irma and Maria.1 Remediation from perils such as these and other acts of nature including floods, windstorms and earthquakes can be a costly endeavor—making Commercial Marine insurance crucial, especially for cargo being shipped on ocean…
Insurance Market Source regularly taps into its network of experts for insight into key trends across the insurance landscape. Kim McGinty, Underwriting Manager, Environmental Center of Excellence, Burns & Wilcox, shares her thoughts on the intricacies and benefits of Environmental Storage Tank Liability insurance. Q: What does Storage Tank Liability insurance cover? A: Storage Tank Liability insurance, while applicable to…
The wholesale distribution industry represents $5.6 trillion in annual sales volume.1 Wholesalers are intermediaries who purchase bulk quantities of goods from manufacturers and resell them to retailers at a profit. In this process, wholesalers and distributors take on great risks and need to protect themselves and their products from impending perils. Brokers and agents can simplify that process by clarifying certain…
Insurance Market Source regularly taps into its network of experts for insight into key trends across the insurance landscape. Tyson Peel, National Property & Casualty Manager, Burns & Wilcox Canada, shares his insight on Products Liability Coverage. Q: Why is the location of where a product is made important to Products Liability Coverage? Tyson Peel (TP): Brokers and agents should always understand…
Unique Risks in the Hospitality Sector Your clients in the hospitality industry (hotels, motels, restaurants, bars and taverns) specialize in taking care of their guests. As a retail broker or agent, it’s up to you to take care of them and ensure that they’re protected from financial risk. From liquor liability to property damage to employee theft, your clients face…
Product recalls are rising. Annual food recalls have doubled since 2002 and vehicle recalls computed to more than three times the number of cars sold1. Outside of what is seen in the mainstream media, there are countless more product recall incidents occurring, especially in small and mid-size businesses. Any recall can be a costly undertaking—making Product Recall insurance crucial for businesses.…