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July 22nd, 2010
Ontario Automobile Reform
On September 1st, 2010, the Ontario Government is implementing a major overhaul to automobile insurance in the province. These changes provide consumers with more choice and flexibility to purchase coverage that best suits their protection needs and budgets.
You now have choices to customize your medical and rehabilitation benefits, certain deductibles and income replacement coverage. The new standard Ontario automobile policy, to be effective September 1st, includes several significant changes from the current standard policy, including provisions that will result in lower coverage for the client.
The goal of these changes is to achieve rate stabilization by keeping the costs incurred by insurers in check. Without these reforms, major rate increases would be required.
For more info and a detailed chart that summarizes these changes please click HERE
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July 9th, 2010
New Commercial Pages
We have added three new pages to our Commercial Section:
Fidelity Bonding and Crime Insurance
Eight in 10 incidents of crime are carried out by employees of a business. Unfortunately, fraud and embezzlement in the workplace are on the rise, occurring in even the best work environments. The Association of Certified Fraud Examiners has found that: 1. fraud and abuse costs employers an average of $9 a day per employee; and 2. the average organization loses 6% of its total annual revenues to fraud and abuse committed by its employees.
Protect your business today with the proper Fidelity Bond.
Kidnap, Ransom & Extortion Coverage
Extortionists don’t discriminate. Any organization of any size can be a target for kidnapping or extortion threats against the organization and its employees. People tend to associate business extortion and kidnapping with global companies. The fact is, radical groups and criminals exist everywhere, and any organization can be a target.
Managing the costs associated with a kidnapping or extortion threat against its property, proprietary information, computer system, or people can be enough to push a company or a not-for-profit organization to its financial limits. These risks may not feel like everyday exposures, but too often they are. And when they happen, the organization may need financial assistance to meet extortion demands and the extensive costs associated with negotiation and recovery associated with a kidnapping.
Contact us today to discuss a solution for your organization.
Legal Expense Insurance for Business
Binks Insurance Brokers Limited is pleased to announce our association with DAS Canada Legal Expense Insurance, and the launch of a new product for Canadian businesses.
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June, 2010
Personal Insurance
I am pleased to announce that we have formed a new insurance brokerage named Binks Personal.
This does not affect the status of your insurance policies, and all of our staff are still here, so you will still deal with the same Account Manager you have dealt with in the past. Binks Personal has the same address, phone number, and fax number. The email format has changed from “__@binks.ca” to “__@binkspersonal.com”.
Over the last 15 years, Binks Insurance Brokers Limited has spun off four divisions into separate companies (Millennium CreditRisk Management Limited, Binks Life & HealthRisk Insurance Limited, Globalex Risk Management (Ottawa) Inc., and Binks Riskplanners). We have always believed in letting people do what they do best, and in focusing in on providing real value for the client. Now we have done the same with Binks Personal.
Binks Personal is a focused and dedicated team of Personal Insurance Brokers – Penny Clouthier, Jill Jeddrie, Shannon Hendricks, and Darlene Mercer. Along with Donna Nelson, they will look after your personal insurance needs with the same care and professionalism that you have been used to with Binks.
Please click on the following link to be taken to the new Binks Personal website.
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October 22, 2009
BINKS Insurance supports the GCTC
L to R: John Pole, Ottawa Branch Manager of Intact Insurance, Lise Ann Johnson, Artistic Director of the Great Canadian Theatre Company, and Harry Binks, President of Binks Insurance, standing in the lobby of the Irving Greenberg Theatre Centre.
On October 15th, 2009, John Pole and Harry Binks presented a $5,000 cheque to Lise Ann Johnston from the Intact Foundation to help support the Great Canadian Theatre Company. The GCTC’s mandate is ”To foster, produce and promote excellent theatre that provokes examination of Canadian life and our place in the world.” Intact is Canada’s largest Property and Casualty Insurance Company.
Binks celebrated its 90th year in business in 2008 by co-sponsoring the award-winning GCTC play “Five O’Clock Bells” with the Dominion of Canada General Insurance Company, and in 2009, sponsored “The Drawer Boy”.
Harry Binks is a director of the GCTC.
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October 9, 2009
Don’t forget our MOVE of December 2008!
In spite of our best efforts, there are still some places on the Web that indicate our old address; considering that we were there for 18 years, and that typing ”binks insurance” in Google brings up over 10,000 results, that’s not surprising. But what we don’t want to be a surprise is a client showing up at our old address only to be told that we have moved. We sent out thousands of post-cards telling clients about our new home, so in case you missed getting yours, our new address is as follows:
Binks Insurance Brokers Limited,
100B- 2625 Queensview Drive,
Ottawa ON CANADA K2B 8K2
Click Here for directions.
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September 3rd, 2009
Welcome to the New BINKS.ca
Now, more than ever, people and organizations need stability. Binks Insurance was established in 1918. As the first Ottawa Insurance Broker to establish a presence on the World Wide Web in 1996, we are pleased to announce our updated website here at www.binks.ca. Please click on the above pictures or drop-down menu buttons and explore. We’ll be here when you need us.
Binks is committed to finding unique solutions for our clients’ home, automobile, and business insurance needs, providing guidance in the art of risk management to Ottawa businesses and residents for over 90 years.
Binks Insurance celebrates 91 Years in 2009, providing clients and insurers with stability and experience in dealing with their insurance matters.
