Errors and Omissions Insurance Explained Errors and Omissions insurance, or Professional Liability Insurance, protects companies and professionals. It’s a type of business insurance targeted to anyone who offers advice, consultation or any other professional service to their clients. This insurance coverage protects against claims of negligence, errors, omissions, or any other form of professional misconduct that may result in financial loss to their clients. Errors and Omissions Insurance is essential for professionals in various industries, such as finance, real estate, law, technology, and healthcare. It is crucial to note that even the most skilled and experienced professionals can make mistakes, resulting in […]

If there’s one thing Canadians love more than hockey and poutine, it’s getting the best bang for our buck. Whether it’s a mortgage, rent, or life insurance, we want to make sure we’re investing our money in the right place. But when it comes to mortgage insurance vs life insurance, which one is actually better?  At the end of the day, you want to protect your family and loved ones from unnecessary financial trauma – because losing you is bad enough! Mortgage insurance vs life insurance can be a contentious debate, but for most Canadians, one is the clear winner. […]

If you’re considering switching banks or opening a new account, there are several Canadian banks to choose from. One factor that will likely influence your decision, whether you realize it or not, is a bank’s reputation. In this article, we’ll list the 11 most reputable banks in Canada, according to 2023 consumer data from the Leger Reputation Study. 1. RBC Unsurprisingly, Canada’s Big 5 Banks take the top spots for most reputable banks. Taking the number one spot, with a reputation score of 36, is RBC, or Royal Bank of Canada. RBC offers a variety of banking services for individuals […]

Contents insurance is a type of home insurance coverage that offers protection for your personal belongings, such as furniture, clothes, electronics, or jewelry. Contents insurance is regarded as the central portion of a home insurance policy. This article provides a summary of the most important information you need to know before choosing a contents insurance policy, including coverage, limits, and costs. Who needs a contents insurance policy? Contents insurance is especially useful for those who own items in which they have invested a significant amount of money, be it furniture, electronics, or jewelry. However, the cost of a contents insurance […]

Ever wish you could just beam money around the world like Scotty from Star Trek? The science isn’t there yet (I know, bummer), but we do have the next best thing. WorldRemit in Canada is as close to teleporting your money as you can get, without defying the laws of physics! It’s not just another online payment system. WorldRemit is disrupting the traditional process of sending money overseas, making it faster, easier, and more cost-effective. Now you can digitally “zap” cash across the globe from the palm of your hand. Here’s what to know about WorldRemit in Canada, how to […]

There are a number of ways to ensure that your loved ones are taken care of in the event of your death. A universal life insurance policy is one of those ways. Many people get confused with the different life insurance products on the market and are unsure which one is best suited for them.  If you have dependents or a business to protect and have exhausted your tax-advantaged investment options, a universal life insurance policy may be beneficial. However, you need to understand the different life insurance options and how to use them. This guide explores the various life […]

Is disability insurance a good idea? Life has a way of throwing curve balls. No one wakes up on a good day expecting to be involved in an accident or unable to work due to an illness. But it happens even more often than we would like to admit. Disability insurance helps to cover expenses should the unexpected happen. When you find yourself in a situation where you can not keep earning income due to an injury or illness, this can lead to financial anxiety. Bills do not stop. You have to pay for living expenses and/or provide for dependents. […]

If you’re about to buy a house or already have one, you were likely offered mortgage life and disability insurance. If you choose to take life insurance, it can pay off the mortgage balance if you pass away. If you select disability insurance, the policy could make the mortgage payments for you for up to 24 months if you cannot work due to an illness or injury. People sometimes confuse these insurances with others because there are different insurances you may be required to get with your mortgage. Before deciding whether or not you want mortgage life insurance and disability […]

Property insurance policies include various options for liability or property protection. Examples of property insurance packages include homeowner’s insurance, renters, condos, mobile homes, commercial, and flood insurance. This guide reviews several types of property insurance options available in Canada. Property insurance terminology Before considering several property insurance options, let’s compare a few related terms commonly used when describing property insurance offers. Property insurance vs. homeowners insurance Property insurance is a generic term that includes several types of insurance policies. A homeowners insurance policy is a subcategory of property insurance that provides insurance offerings for your house and belongings. Property protection coverage […]

The differences between secured credit cards and prepaid credit cards can be confusing. This confusion can lead to cardholders mismanaging their accounts and seeing their credit scores fall – or stagnate when they expect their scores to grow. The difference between secured credit cards and prepaid debit cards lies in whose money you spend when using the card. When you spend money with a secured credit card, you borrow it from the credit card company. This money is then reimbursed each month when you make your credit card payments. When you spend money with a prepaid card, you spend your […]