COVID-19: Information for our clients

Commercial Insurance - Blog

By Staebler Insurance on Nov 29, 2021

Important Changes Coming for Financial Statements   For the first time in more than 30 years the Chartered Professional Accountants of Canada (CPA) have updated its accounting standards for financial statements. The new rules help define what an accountant needs to do when compiling financial information for companies and the responsibilities for that company’s management team.   The new requirements are outlined in the Canadian Standard on Related Services (CSRS)...

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By Staebler Insurance on Aug 13, 2021

It’s becoming more frequent that we read a media report of a large, well-known organization that’s been the target of a cyber breach. Often sensitive data and client information is compromised and held for ransom by digital attackers. While the public usually only hears about the major breaches of data security, smaller incidents are happening in Canada far more regularly. Insurance companies are now sounding the alarm : Not only is the average ransom demand going up (170%...

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By Staebler Insurance on May 31, 2021

One of the biggest hits to a trucking firm’s insurance policy can be the theft of cargo and Ontario insurance companies are sounding the alarms to bring attention to this particular threat.  Across the province, the transportation and logistics industry continues to see an increase in cargo theft, primarily through a tactic known as ‘fictitious pick-ups'.  Essentially, fictitious pick-ups occur when a legitimate transportation carrier’s identity is stolen and thieves...

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