What is Directors’ and Officers’ Liability Insurance?

What is Directors’ and Officers’ Liability Insurance?

Unlike a commercial general liability insurance (CGL) policy that provides coverage for claims arising from property damage and bodily injury, a directors’ and officers’ liability (D&O) policy specifically provides coverage for a “wrongful act,” such as an actual or alleged error, omission, misleading statement, neglect or breach of duty—which can include Fiduciary Duty, Negligence Duty…

Risk Management Strategy: Contingent Business Interruption Insurance

Risk Management Strategy: Contingent Business Interruption Insurance

Just one brief business interruption can be incredibly costly for an organization, often leading to serious reputational damages or long-term closures. Standard business interruption policies are vital in these instances, providing protection against a variety of common interruptions, including natural disasters, equipment damage, and vandalism. But what happens when one of your suppliers or customers…

How to Leverage Training for a Successful ERP Implementation

How to Leverage Training for a Successful ERP Implementation

The relationship between training and Enterprise Resource Planning (ERP) implementation is often understated. With implementations, the understanding usually lies with the consultant as they guide you through the process. There is an inherent learning experience that is happening. The question is, is that all you need to learn the platform? Canadian manufacturers know how critical…

Artificial Intelligence, Machine Learning & Data Science: What’s the Difference?

Artificial Intelligence, Machine Learning & Data Science: What’s the Difference?

If there’s one thing that unites Artificial Intelligence, Machine Learning, and Data Science, it’s Venn diagrams. It’s a sure sign we’ve reached the peak of a technology’s hype cycle when the popular articles about it stop complaining about buzzwords and start complaining about all the articles complaining about buzzwords. That seems to be the case…

Develop Your Supply Chain Risk Management Strategy

Develop Your Supply Chain Risk Management Strategy

While lean production has become a cornerstone of successful supply chain management and a way for businesses to stay flexible and responsive to changing tastes in their markets, the dependence on—and relationship with—suppliers resulting from outsourcing and minimizing stock creates a host of exposures. Successfully navigating and managing the risks presented by a complicated supply…

Develop Your Risk Management Strategy: Manufacturing Cyber Insurance

Develop Your Risk Management Strategy: Manufacturing Cyber Insurance

Did you know that the manufacturing sector is the second-largest industry targeted by cyber criminals? Hackers know that manufacturers often use outdated software and do not invest in advanced network security and this makes them a very easy target. A study by Deloitte found that 40% of manufacturing firms have experienced a cyber-attack in the past year…