Aug 19, 2013 | News
With a new school year fast approaching, many college and university students will be leaving the family home for the first time, or moving in to rental accommodation closer to their school. If you’re one of these students (or a parent of one) you need to know the importance of protecting yourself and your belongings with property insurance.
“With all the stress that comes with having your child move away for school, the last thing you want to worry about is a financially stressful situation that could have been avoided,” says Ralph Palumbo, the Insurance Bureau of Canada’s vice president, Ontario Region. “Tenant insurance can protect your child and provide piece of mind to make this transition to school a smooth one.”
Students generally bring expensive personal items such as electronics, computers, and furniture with them to their new home. Furthermore, they may be liable for any damage to the dwelling they are living in while away at school. Some home insurance policies provide coverage for personal property while away at school up to a certain limit, it’s best to check with your insurance representative on your coverage. Without the protection of home or tenant insurance you and your child are vulnerable to loss of damage to those possessions and other liability risks.
Alternatively, as an insurance agent, have you reached out to clients who you know may be in this situation? Reviewing their coverage and suggesting options can be invaluable!
Here are a few insurance considerations for a student leaving home:
- Notify your insurance agent to review available coverages and consider purchasing a tenant’s policy. Each insurance company packages tenant insurance policies differently but they should all include two kinds of coverage – Basic Liability coverage and Contents coverage.
- You could be held responsible if your actions (e.g., leaving the bathtub running) caused damage to your apartment, your neighbours’ apartment(s) or the apartment building itself. Without insurance you would be personally liable for such costs.
- You may also be held responsible for personal liability, if someone is injured in your home – even if it is one that you’re renting. They could sue you for any costs associated with the injury.
- Landlords have relatively few legal obligations to compensate tenants for damage to, or loss of, their personal possessions.
- Keep an up-to-date list of your belongings in case of theft, loss or damage. This will make it easier to settle your insurance claim in the event of theft, fire or other risks.
- All college and university residences have their own requirements and recommendations for students living on campus. Check with your school before you move in.
For more information on insurance training and education, visit ILScorp.com.
For more insurance news and industry information, visit ILStv.com
Excerpted from the Insurance Bureau of Canada
Aug 15, 2013 | News
Continuing Education deadlines are fast approaching for insurance agents in Ontario (Sept. 30) and Alberta (Oct. 31). If your office has five or more people who need to complete CE courses in order to meet insurance licensing requirements, consider a group subscription to ILScorp’s online General Insurance continuing education courses.
ILScorp provides online insurance training for more than 22,000 people a year, and the General Insurance subscription provides six months of access to more than 160 courses and 300+ credits hours. The courses are accredited in provinces across Canada, and cover a variety of topics – there’s something of interest for everyone. More than 50 courses have just been updated and re-accredited for Ontario agents.
Individual subscriptions are priced at only $185, but with a group of five or more, save $50/pp. Group members get unlimited one-year access to ILScorp’s extensive General Insurance CE course catalogue. Individual subscriptions provide six months of access.
A reporting features allow an appointed administrator to track and manage staff’s learning progress and outcomes, and as an added bonus your office receives a free posting on ILSJobBank.
Learn more about group subscriptions at ILScorp.com or call 1-800-404-2211 and get started today.
Continuing Education with ILScorp – Fast, Easy, Done!
Aug 14, 2013 | News
The Cyber Safety Act (“the Act”), excepting Part V (that part amending the Safer Communities and Neighbourhoods Act), was proclaimed August 6, 2013 and is now in effect in Nova Scotia. This legislation has wide-ranging implications.
Briefly:
- There is now a “cyberbullying” tort recognized in Nova Scotia that presumes vicarious liability for parents of cyberbullies under the age of 19.
- Other forms of vicarious liability are not precluded from the Act. For example, an employer might be found vicariously liable for an employee who engaged in cyberbullying in the workplace or may find itself under scrutiny of the Directors of Public Safety. Recent legal developments in Canada have expanded the workplace in cyberbullying harassment claims to include incidents occurring during non-working hours generated from non-work devices.
Part V, an amendment to the Safer Communities and Neighbourhoods Act, that creates a specialised unit with broad powers to investigate and combat cyberbullying, is expected to come into effect once regulations are in place to regulate that unit’s activities. Until Part V is proclaimed, there is no legislative process for prosecution under the Act. The Safer Communities and Neighbourhoods Act is relatively new legislation. The amendment to that legislation will provide the power to investigate and respond to allegations of cyberbullying including a provision allowing the Director to ask the court to require disclosure of anonymous bullies.
Up to 40 percent of Canadian workers report feeling bullied at work. What does this mean for you and your business? Are you concerned about workplace bullying, and how to combat it? Two new Work Place Bullying Courses from ILScorp tackle this issue and help your workplace and employees be compliant with existing laws. Employee and employer courses are available online.
Exceprted from a post written by Stewart McKelvey
Aug 14, 2013 | News
Are you ready to begin a career in insurance and wondering how to get started? The ILS Introduction to General Insurance program is the newest insurance training and licensing program in Canada. It allows students in British Columbia, Saskatchewan and Manitoba to study for and obtain their Level 1 general insurance license.
The comprehensive ILS Introduction to General Insurance training program is adaptable to all learning types. No matter how you learn, ILScorp can guide you through your level 1 licensing process. The Introduction to General Insurance can be done completely online or with a traditional textbook, by video, virtual classroom or even a live immersion class. Options include a study guide, electronic flash cards and practice exams that allow you to review the material at your own pace, so that you are fully confident before writing the ILS Introduction to General Insurance final exam.
Building on the strong foundation of innovative online training ILScorp has honed in its 12 years online, the course is written by Steve Hawrishok, the original author of the Fundamentals of Insurance program and the Canadian Accredited Insurance Brokers (CAIB) program.
The ILS Introduction to General Insurance program is the most up-to-date level 1 insurance licensing program available in Canada.
Visit ilscorp.com today to get started, or call 1-800-404-2211 and get ready to start your insurance career.
Aug 12, 2013 | News
ILScorp offers the first fully online Life Licensing Qualification Program in Canada. The online LLQP is a one-step licensing program designed to help you prepare to work in the life insurance industry.
The ILS LLQP insurance training program offers a complete and comprehensive streaming-video course, which gives you the knowledge and skills you’ll need to successfully challenge the provincial LLQP examination. The online program provides six months of access to the LLQP Life Insurance Course in video format, a series of exam-type case studies, an online mock exam and your certification exam.
Students generally spend between 80 and 120 hours preparing for the provincial LLQP exam and with the ILScorp LLQP you can review any subjects you’d like before moving on in the course. The ILScorp LLQP negates the need for a textbook, as all of the information needed to successfully challenge the LLQP provincial examination is included in the online course. Case studies, sample exam questions and scenarios are all part of the online curriculum.
The ILScorp LLQP online course is facilitated by Bob Ransom, CLU, CHFC and CFP. Mr. Ransom has been an active member of the Canadian insurance and financial services industry for more than 30 years. He has spent many of those years in the development and delivery of Accident and Sickness and Life Insurance Certification courses and related workshops. View a demo of the LLQP course here.
The ILScorp LLQP course is available for $299.95. For more information about this and other online insurance courses, visit ilscorp.com or call 1-800-404-2211.
Aug 8, 2013 | News
Are you writing the CAIB 3 exam this fall? Your best exam prep option is the ILScorp live immersion course, led by Todd Hochban of West Coast Training. Attend the course from Sept 9-13 and write the national exam on Sept 19.
You must register to write the Canadian Accredited Insurance Broker level 3 exam by Aug.16.
The live immersion class follows the ILS CAIB 3 exam prep course. Led by renowned insurance educator and president of West Coast Training, Todd Hochban, the five-day program gives students all of the knowledge, information and skills they need to pass the CAIB 3 exam.
The live CAIB 3 immersion classroom session runs from Sept. 9-13 at the BCIT campus in Vancouver. Registration is only $599.20 per student, and includes study aids and a work book.
ILScorp offers insurance training and exam prep courses for CAIB 1, 2, 3, & 4, through online video training, virtual classroom programs, and classroom immersion programs.
If you can’t make the immersion class, considering the following options:
- Our interactive, online CAIB Exam Preparation video courses combine the dynamic instruction of Todd Hochban with the ease and convenience of online learning. Numerous exercises and mock exams help to reinforce knowledge retention. Study online with 24/7 access to the program, allowing you to work on your own schedule.
Instructor Todd Hochban highly recommends using the CAIB textbook in conjunction with the ILScorp CAIB Programs to thoroughly learn the material. CAIB text books can be purchased through your provincial insurance brokers association. Contact the association directly for more information.
If you’re ready to start call ILS today or buy your subscription online. If the more in-depth Virtual Classroom is for you, take $100 off with the promo code SUMMERSTART, but hurry – this offer expires Aug. 15. Call 1-800-404-2211 today.
