SCRIVENS NEWSLETTER

The Scrivens Perspective - Spring 2019
After a particularly long, tough Ottawa winter, we’ve earned this spring and all the pleasant perks that come with it: milder weather, budding trees, a break after another tax season.
Spring Cleaning Your Investment Portfolio
Your investment portfolio can benefit from a spring cleaning to bring it up to date and improve its organization
The Gift of Life: Permanent Life Insurance for Children
The relative ease of obtaining coverage on the life of your child provides the peace of mind of knowing that their insurability has been guaranteed.
Avoid Splitting Headaches: Income Splitting Strategies
To reduce tax pain, have you taken advantage of the available techniques for splitting income with a spouse, minor child, or adult child?
Upgrade Your Home, Downgrade Your Risk: Property Insurance
Property insurance rates are calculated based on algorithms that rate the importance of certain characteristics as "riskier" than others.
Distracted Driving Penalties: More than two minutes in the box
A distracted driving conviction will be reflected on your driving record, therefore will be considered by insurance companies when calculating your risk.
Top Cyber Predictions in 2019
The average global cost of a data breach has risen to $3.86 million, magnifying the need for companies to be aware of all potential threats.
The Benefits of Business Interruption Insurance
Business interruption insurance provides protection against a variety of common interruptions, including natural disasters, equipment damage and vandalism.
Cyber Security: How to Secure Office IoT Devices
Internet of things (IoT) devices create a growing security threat for businesses who aren’t prepared.
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Non-Profit D&O Insurance: Examples of insurance at work

Even when acting in good faith, directors and officers of non-profits expose themselves to risks with each decision they make on behalf of their organization. In the event of a claim, non-profit leaders could suffer severe damage to their reputation and personal finances simply based on their decisions.

Preparing Your Home for a Vacation

When preparing to leave for a vacation, it's easy to overlook basic home safety precautions. To protect your residence while you're away and enjoy a worry-free trip, keep in mind the following tips.

Of Every 10 Businesses in Canada, Only 4 Have Data Breach Policies in Place

The goal of this survey was to learn how knowledgeable organizations are on privacy issues and requirements, understand the types of privacy policies and practices they have in place, and determine their privacy information needs.

Don't Get Ticked Off: Ticks and Lyme Disease Prevention

Lyme disease can be transmitted to humans if they are bitten by a tick that has previously fed off an infected animal.

Insurance in Action: Why Do I Need Life Insurance?

If you have dependants who rely on you for financial support, then life insurance is really about protecting them in case something happens to you.

Ottawa This Summer - Festivals, Fairs, Events, Farmers Markets, Museums

The complete Ottawa summer guide will help us keep track of everything going on the entire Summer in Ottawa so we don’t miss a thing!

Insuring your home away from home

If you're investing in a second home, Scrivens has put together some insurance basics to help you make the best buying decision when it comes to determining insurability and estimating your ongoing cost of ownership.

Remodeling your home

It's time to renovate your home or cottage! Whether you have hired someone to renovate or you're doing it yourself, there are some things you need to be aware.

CCOHS Launches E-Course on Marijuana and Workplace Impairment

With the federal legalization of recreational marijuana right around the corner, it’s more important than ever that employers understand the dangers of workplace impairment, particularly as it relates to marijuana usage.

Preparing Your Business for Flooding

Neglecting to prepare your property for possible flooding can sink your business. Stay afloat with solid preparation and a thorough flood plan.

Ontario Workplace Health and Safety Records Now Available Online

WISB recently launched a new online tool to make health and safety a matter of public record. Compass lets Ontarians find and compare health and safety statistics for businesses across Ontario.

Cryptocurrencies and What They Mean For Your Business

Technology has added efficiency and modern conveniences to daily life. Among these conveniences, computer experts have managed to apply digital traits to new, online currencies in what is called cryptocurrencies.

Here are the highlights from Canada's 2018 Federal Budget

Overall, the budget aims to narrow the deficit to $18.1 billion; however, there is no target date for a return to balance.

Navigating Rental Car Insurance

When renting a car for a family vacation, road trip, or other personal use, the last thing you want to worry about is your insurance coverage. Before renting a car, you'll have to decided whether to purchase additional rental insurance or not.

The Staggering Cost of Workplace Bullying

Almost 40% of workers report having been bullied. Bullying can cause emotional and physical damage to employees; such damage often includes feelings of inadequacy and low self-esteem.

FAQ: Water Damage and Overland Flooding

Today's changing climate has seen an increase in extreme weather events as $1 billion has become the new normal for yearly catastrophic losses, mostly due to water-related damage.

Six ways to get the most from your RRSP

Contributing to an RRSP is one of the most effective ways for Canadians to save for retirement. If an RRSP is part of your investment plan, here are some valuable suggestions you can take advantage of.

How falling in love can impact your insurance

Should you be so lucky to be one of those couples to get engaged on Valentine's Day, there are a number of insurance-related concerns to keep in mind before your wedding.

5 Construction Trends for 2018

Preparing for the year ahead can set your construction firm up for success in 2018 while simultaneously helping you avoid major setbacks. In order to stay competitive, the following are five major construction trends for 2018

Top Legal Risks to Watch in 2018

As the economy becomes increasingly complex and unpredictable, businesses continue to face serious legal risks. According to a report from Borden Ladner Gervais, this year is no exception.

Health Effects of Working in the Cold

Workers exposed to extremely cold conditions are at risk of serious health problems, including hypothermia, frostbite, dehydration, and muscle injuries.

Transport Canada Mandates Two New Safety Devices

The government hopes these technologies—electronic stability controls and electronic logging devices (ELDs)—will improve road safety and create a more level playing field in terms of compliance.

Social Host Liquor Liability - Holiday Parties

A social host may be held responsible for the acts of their guests if their conduct creates or exacerbates a risk to the public.

Noteworthy Cyber Security News Items

Yahoo Says All Accounts Were Hacked in 2013, Equifax Cyber Security Incident, Canadian Government Hit by State-sponsored Cyber Attacks an Average of Once Per Week

A Guide to Buying Winter Tires

We pull out the winter coats and make sure our home heating systems are functional – but what about our vehicles?

The Importance of Fire Safety Plans

One of the best ways employers can protect their organization from costly and devastating fires is by establishing a fire safety plan.

Winter Weather Preparedness Checklist for your Business

Severe winter weather can lead to property damage, employee illness or injury, and possible business closures.

Prepare your home for winter with this checklist

Ottawa winters aren't always as mild as they were in 2016-2017 and forecasts show the upcoming winter will see returns of significant snow events. Fortunately with accurate forecasting, we are able to prepare for the worst.

How to avoid Construction Defects

Learn how to avoid defect claims. Construction defect claims are a common risk architects, engineers, and contractors five with every project they take on.

November is Fall Prevention Month

Approximately 215 older adults are hospitalized each day because of falls. Falls are a cause of serious injury in older adults and it's critical to learn ways to keep loved ones safe.

Keeping Drivers Safe During Rest Stops

Gas stations and truck stops are a popular target for criminals, and it’s important to do the following in order to safeguard your drivers and cargo

Federal Government Publishes Data Breach Reporting Requirements Draft

The Canadian government published proposed regulations relating to the mandatory reporting of privacy breaches under Canada’s federal data protection law, the Personal Information Protection and Electronic Documents Act.

5 Tips for Applying for Cyber Insurance

For cyber coverage to be effective, it requires a high level of due diligence on the part of prospective policyholders. To get the most out of your policy, you will want to consider these five best practices when applying for cyber insurance.

Driver Safety After Dark

Drivers often forget to turn on headlights one half-hour before sunset and one half-hour after sunrise.

5 Ways to Eat Healthier At Work

Good nutrition is an essential part of a healthy lifestyle, and eating healthier can increase your productivity, lower the number of sick days you take and reduce your risk of being in an on-the-job accident.

3 Business Lessons from the HBO Hack

On July 31, 2017, HBO revealed that a group of hackers had stolen 1.5 terabytes of data from the network. Following the breach, unaired episodes of “Game of Thrones,” one of HBO’s flagship shows were systematically leaking spoilers.

Benefits of Creating Accessible Workplaces

Recruiting and retaining skilled talent can be a challenge for businesses across Ontario - especially as markets are faced with an aging workforce and a lack of young talent.

10 Common Workplace Hazards for Construction Workers

Hazards on construction sites can cause serious injuries or even death, making it all the more important to be aware of the most common threats facing employees.

Canada is the Second Most Expensive Country for Data Breaches

A report found that the average total cost of a data breach is approximately $5.78 million.

The Importance of Proper Lighting

When working in the manufacturing industry, proper shop lighting is key to preventing employee injuries. Specifically, improper lighting can create the following exposures:

Cyber Exposures and the Importance of Coverage in Manufacturing

Cyber security is a top-of-mind risk for manufacturers, as it is an industry norm for organizations to quickly adopt new, more efficient technologies—technologies that are often a target of cyber criminals.

Noise: The Not-So-Silent Workplace Hazard

Excessive workplace noise can cause hearing damage that is disabling and often permanent.

Heat Illnesses and How to Protect Employees

While it’s best not to work outside in high temperatures, the nature of certain jobs—like construction or landscaping—sometimes makes it unavoidable.

Snapchat "SNAP MAP" Safety

While Snapchat is designed to be a fun photo, video, and text messaging app, a number of features - particularly the Snap Map function - pose serious safety concerns.

6 Considerations When Buying Cyber Insurance

The market for cyber insurance has grown exponentially. However, unlike other forms of insurance, cyber insurance is not a one-size-fits-all approach.

Ransomware Attack Sweeping the Globe

Another global cyber attack was activated Tuesday, June 27, leaving companies across Europe, Australia, and the United Stated struggling to respond.

5 Types of Cyber Attacks That Threaten Small Businesses

Small businesses face a high risk of cyber attacks and could have to front $46,000 or more per cyber security event. Learn more about the common cyber attacks that threaten small businesses.

6 Simple First-Aid Tips That Could Save a Co-Worker's Life

Ensure that you can help your co-worker during these six first-aid emergencies.

1 in 4 Internet Users Don't Know How to Respond to a Ransomware Attack

The Centre for International Governance Innovation (CIGI) recently found that 1 in 4 internet users would have no idea how to respond to a ransomware attack.

Things to Consider When Shopping For A Used Vehicle

To avoid purchasing a car with hidden problems, consider the following buying precautions.

5 Tips for Restoring Your Business Following a Flood

Floods can be miserable ordeals, even with extensive preparation. Read on to learn five tips to properly restore a business after a flood.

Prevent Text Neck

According to a recent report from The Spine Journal, surgeons are noticing an increase in patients with text neck - upper back and neck pain related to poor posture when using mobile devices.

Get The Facts About Lyme Disease

Lyme disease is widespread across Canada, but the highest risk of exposure is in wooded areas during spring and summer months.

Devastating Reputational Risks for Your Business

A strong reputation has the potential to be your largest asset, but just one crisis could irrevocably tarnish your image and ruin your business.

10 Steps to Follow When Moving Your Business

During a move, businesses may experience challenges that can adversely impact their bottom lines if the proper planning isn't considered. Learn what steps to take to ensure a successful move.

Slip and Fall Prevention Tips

Employee and customer slips and falls are a large liability for your company. Train employees to practice slip and fall safety using good housekeeping and prevention techniques.

What To Do When Water Damage Happens

Sometimes, despite your best efforts, you will experience water damage in your home or business. Don't panic, make sure everyone is safe, call your insurance broker's claims line and follow these steps.

6 Steps for Building a Successful Emergency Response Plan

Emergencies of all kinds can have a significant impact on the workplace and can harm the health of your employees and property. Specifically, things like fires, explosions, medical emergencies, earthquakes, power failures, and chemical spills can occur without warning, potentially costing organizations time and money.

Do Your Part to Keep Your Workplace Safe

Preventing injury and illness on the job is something all employees should take seriously. The health of workers and their families is at stake.

7 Safety Tips for Bike Commuters

As the weather continues to warm up, more and more commuters will begin biking to work. Biking to work is not only a great source of exercise, but it can reduce a commuter's carbon footprint and help him or her save big on gas.

5 Ways to Prevent Digital Overload

The near-constant access to digital technology can be stress inducing, which could negatively impact your mental well-being. To ensure that you avoid digital overload, considering adopting these five beneficial practices.

How the 2017 Federal Budget Could Impact Employee Benefits

The full budget details how the government will spend $330 billion ($1 billion of new spending) on programs, services and paying down Canada's debt.

Drug-Impaired Driving Can Be Deadly

According to the most recent data from the Canadian Centre on Substance Abuse, approximately 34% of vehicle crash deaths can be linked to drug-impaired driving, which is nearly as many as those related to alcohol.

Does Your Builders Risk Policy Cover Soft Costs?

Builders risk insurance provides valuable protection in the event of a direct property loss experienced by a contractor, project owner, or other insured party during the construction process.

Insured Losses from Catastrophic Events Reached $4.9 Billion in 2016

In insurance, a catastrophic event is one that is typically unpredictable and causes extreme loss. Catastrophic events can be either natural or man-made disasters, and common examples include earthquakes, floods, hurricanes, wildfires, and terrorist attacks.

Highlights from the Federal Budget 2017

The Liberal government recently tabled the 2017 federal budget, which Finance Minister Bill Morneau says will put Canadians to work and make the country more innovative and globally competitive.

Employee Management to Reduce Occupational Fraud

An employer's worst nightmare! Some of the most damaging cyber attacks can come from within the business, in ways such as occupational fraud, which many employers overlook when it comes to their cyber security.

9 Benefits of Trade Credit Insurance

Trade credit insurance - also know as credit insurance or export credit insurance - is a form of insurance that transfers risk for businesses seeking to protect their accounts receivable against nonpayment.

Report Predicts Escalation of Cyber Attacks in 2017

According to a recent report, businesses can expect to see an increase in the number and severity of cyber attacks in 2017 and a large number of politically motivated cyber attacks near the end of 2016 will escalate into larger cyber attack conflicts.

Children's Health: Encourage Nutritious Eating for Nutrition Month

We all know that kids eat what is available. Because adults usually decide what food kids will eat, it's important to help them form healthy habits now to maintain a healthy weight and avoid future health problems. Small changes in the following key areas can make a huge difference.

88 Percent of Employees Lack Knowledge to Prevent Cyber Incidents

According to a recent report, 88% of employees lack the understanding necessary to prevent common cyber incidents.

Benefits of a Smoke-Free Workplace

According to a recent World Health Organization (WHO) study, smoking costs the global economy more than $1 trillion per year in health care costs and lost productivity. Furthermore, the number of tobacco-related deaths is projected to increase from 6 million to 8 million annually by 2030.

5 Common Types of Construction Fraud

Fraud of all kinds is prevalent across every type of construction project. And while cases of construction companies defrauding their clients are the most reported, it is the companies themselves that often lose money to fraud perpetrated by employees, contractors, and partners.

Average cost of data breach: $6.2 million - Defending your business with insurance

Email is an essential business communications tool, but its use can cause complications for your company. Employees often misuse company email accounts for personal matters, potentially landing them and their employers in hot water.

Global Spending on the Internet of Things May Reach $1.29 Trillion by 2020

Today, there are more digitally connected devices than there are people on the planet. These immense networks are capable of supporting an array of applications - from the mundane to the sophisticated - and can help propel economic opportunities. This vast interconnected system of devices, vehicles, and even buildings are all part of the Internet of Things (IoT) - and more and more businesses are investing in it.

13 Wellness Initiatives to Promote Mental Health in the Workplace

Mental health is a state of well-being in which a person can cope with the normal stresses of life, be productive and contribute to the community. Good mental health is essential for functioning well as an individual and as part of a community. Addressing mental health and physical health together is key to overall health and wellness.

5 Common Sources of D&O Liability

In today's business climate of corporate transparency and accountability, an organization's officers and directors face a myriad of employment-related exposures. Regardless of your company's size or mission, the legal costs associated with a lawsuit can be crippling for both the organization and your directors and officers. We now explore 5 of the most common sources of directors and officers (D&O) liability.

Tax Planning for 2017

With the new year comes new limits you need to know while planning your fiscal year. Canada federal tax brackets, basic personal amount, indexation rate, CPP earnings, RRSP and TFSA limits, RDSPs.

The Biggest Cyber Security Disasters of 2017

2017 was not without its share of cyber security incidents—incidents that impacted companies of all sizes and affected multiple industries. The following are some of the biggest cyber security disasters of 2017.

Five Ways to Reduce Holiday Stress

The holidays can bring joy, but they can also bring stress. Whether you're worried about money, gift-giving, or finding enough time to get everything done, the following coping mechanisms can help you manage and reduce your holiday stress.

Criminals Hijacked 100,000 Devices in DYN Cyber Attack

Recently, Dynamic Network Services Inc. (Dyn) - a cloud-based internet performance management (IPM) company in the United States - had its server infrastructure compromised following distributed denial-of-service (DDoS) attacks. How the attacked worked and key takeaways.