#SmallBiz Insurance Roundup: August 19, 2022

Can a Customer Liability Waiver Protect Your Small Business?

No matter what your business does, it’s fair to say eliminating all the risks you face is almost impossible. However, it is possible to minimize and manage them. Although they may not apply to all kinds of businesses, one way to do that is by using customer liability waivers.

Liability waivers – sometimes called accident release forms – may help reduce any third-party bodily injury, property damage, or negligence lawsuits targeting your small business. And the risk of a small business being sued is more significant than you think.

Statistics Canada data shows almost?700,000 civil court cases went to trial in 2021. Estimates suggest half of all Canadian civil lawsuits are brought against small business owners annually.

Learn more about customer liability waivers and the elements they require to be beneficial to your business.

What Type of Insurance Does a Home Daycare Business Need?

Government data shows more than half of Canada’s 52,794 childcare providers report running a home-based daycare that is unlicensed. Does being licensed affect whether you can get home daycare insurance?

It’s not uncommon for home daycares to be unlicensed, but you may be legally required to get licensed depending on your province or jurisdiction. Besides, with the introduction of the federal government’s $10-a-day daycare program, many unlicensed home child daycare businesses may be encouraged to get licensed to participate in the federal plan.

Find out what types of insurance coverage your home daycare business needs to be protected.

Why Home Inspectors Need Errors and Omissions (E&O) Insurance

Residential homebuyers who wish to avoid unpleasant surprises after purchasing a new abode typically turn to home inspectors to thoroughly inspect a property before signing on the dotted line, and for a good reason.

Skipping a home inspection could result in much regret after the purchase, costing a homeowner thousands of dollars in unplanned expenses. For example, if they weren’t aware of the cracks in the building’s foundation that could lead to the basement flooding. In essence, home inspections to help protect homebuyers from unknown risks. Likewise, home inspectors face a significant amount of unknown risk. After all, everything they say and do for their clients can influence a homebuyer’s decision-making.

Get the lowdown on why inspectors should protect their businesses and finances with insurance.

How to Start a Consulting Business in Canada

Do you have the expertise and a particular skill set in high demand? For example, are you good at sales, giving presentations, mentoring, or teaching? If you fancy being an expert in a field of your choosing, advising other people or organizations on how they can improve their processes and bottom lines, there’s opportunity aplenty.

But choosing to become a consultant and launching your own business takes forethought, research, and determination. Choosing to be a?self-employed professional?or launching a small business is not something to enter into without preparation.

Get an overview of what you need to do to get your consultancy up and running.

4 CASL-Compliant Ways to Use Email Marketing to Grow Your Business

Email marketing is one of the fastest and most cost-efficient ways to capture the attention of potential customers. However, before you click “send” you need to understand the importance of staying in compliance when you send marketing emails and other commercial electronic messages, such as text messages.?

In 2014, Canada’s anti-spam legislation (CASL) was created to clearly define the best practices in email marketing and combat spam in Canada. If your business is found to be in violation of CASL regulations, it can be penalized up to a hefty $10 million per violation.?

Here are four CASL-compliant tips to grow your business through email marketing.