Small businesses are anything but small in their impact on the Canadian economy. This country is home to more than 1.2 million small enterprises that account for a massive 98% of all employer businesses. Playing a vital role, small businesses contribute more than 40% to the national GDP and employ nearly two-thirds of the private…
Calgary’s water woes continue and residents are asking questions about who is on the hook for floods, repairs, and lost earnings as restrictions ramp up again. On Aug. 26, the City of Calgary will once more implement Stage 4 water restrictions in order to try to protect its water resources. Crews will be carrying out…
The honeymoon period for short-term rental (STR) options such as Airbnb and VRBO in Alberta appears to be coming to an end. What were once considered to be great (and more affordable) options for temporary residences for group vacationers, those on longer work trips, and those in need of a place to stay while they…
Anyone who was thinking of building a fence this summer has more than likely instead opted for a few patch jobs and repair work after being presented with the final quote. Back in May when many were planning their summer home construction projects, the cost of lumber was running wild. CBC.ca reported some homebuilders were…
Alberta returned to Step 1 from Step 2 of its “Path Forward” out of the COVID-19 pandemic on April 6 due to concerning high numbers of cases of the disease, which has unfortunately prolonged the province’s economic recovery. There is no business operating as usual in Alberta right now. Retail services must only allow shoppers…
As thousands of Alberta businesses have been shut down for nearly two months now, a question we are hearing often from our clients during the COVID-19 pandemic is whether or not they can access their business interruption insurance. The name “business interruption” seems to denote that this type of coverage would be accessible during this…
Alberta is young and entrepreneurial, with a median age of 36.7 and more small- and medium-sized businesses than any other province, according to the government of Canada’s Key Small Business Statistics from June 2016. Small businesses also enjoy the second-lowest small-business corporate income tax rate among all provinces, which was reduced from three per cent…
The experienced brokers at Lane’s Insurance are able to answer every question you may have about properly protecting your business so that you can concentrate on serving your clients and customers. At the very least, every Alberta business must carry at least two types of insurance: liability and worker’s compensation. Workers’ compensation: Provided by the…
Recently, the University of Calgary was targeted by a serious cyberattack. Hackers locked down their systems and threatened to seize sensitive personal data and release it to the public unless a ransom was paid. In a sobering reminder of what can happen to virtually any enterprise or organization regardless of what you do to protect…
Small business owners have a lot to consider when it comes to insurance, and it’s vitally important to ensure your venture is properly protected. Every enterprise has different needs, and the types of coverage you require will be influenced by a number of factors, including the nature of your business, the industry you work in,…