Happy Holidays!

Happy Holidays!

Children holding holiday presentsWith the holiday season gaining full steam, I am sure you are very busy with all that this time of year brings – holiday business functions, gatherings with family and friends, and of course, shopping and eating!

Through all the busyness, the holidays are also time for reflection and a time to look forward to the new year. For Trisura, 2019 was a year of transition as we said farewell to our founder and friend, Mike. The year also brought new opportunities for our organization, allowing us to evolve in many ways including promoting a talented group of individuals who are a key part of our success and will lead Trisura into the future.

In this final month of 2019, our business has continued to grow at a double-digit rate even though the specialty lines we write have not experienced the same hard market as the general P&C industry. Surety is a good example where the market continues to be soft with new entrants coming into the marketplace. 2019 also saw Trisura Group Ltd. complete an equity raise in September, and subsequent release of strong financial results that have propelled our share price to new highs. This is recognition of Trisura’s growth to date and our potential for future expansion and profitability.

Looking ahead to 2020, Trisura’s goal is to continue our momentum and growth. How will we do that? In our minds the formula has always been simple: ensure your experience with us is always a step above. Provide thoughtful insights and solutions for you and your customers and work diligently at strengthening our mutual relationship. Trisura is committed to our broker partners. You are our customer and we exist to help you service your customers. Thank you for entrusting us with your needs. In 2020 we will be approaching some of you to collect insights; we want to know what you think about your relationship with Trisura and what we can do to become more closely aligned.

There is a passage called “Man in the Arena” which was part of a speech from Theodore Roosevelt in 1910. In 2019, it still resonates, but instead should be called “Person in the Arena”:

It is not the critic who counts; not the person who points out how the strong person stumbles, or where the doer of deeds could have done them better. The credit belongs to the person who is actually in the arena, whose face is marred by dust and sweat and blood; who strives valiantly; who errs, who comes short again and again, because there is no effort without error and shortcoming; but who does actually strive to do the deeds; who knows great enthusiasms, the great devotions; who spends himself in a worthy cause; who at the best knows in the end the triumph of high achievement, and who at the worst, if he fails, at least fails while daring greatly, so that his place shall never be with those cold and timid souls who neither know victory nor defeat.

This is what you can expect from the people at Trisura – to be in the arena, battling as a Specialty Lines Insurer to help you succeed and striving to create exceptional experiences.

Thank you for continuing to place your trust with Trisura and our people.

May the holiday season bring you joy with your friends and family, and may 2020 bring you prosperity, health and happiness.

Best wishes,

Chris Sekine

Two Turtle Doves and a P&C Insurance Policy in a Pear Tree

Two Turtle Doves and a P&C Insurance Policy in a Pear Tree

By Sara Ametrano 

 

Holiday_P&C_eggnogIt’s the most wonderful time of the year! The decorations, the gatherings, the food – the holidays are a time to get together and celebrate. They’re also the perfect time to understand a host’s duty of care.

While gatherings can provide opportunities to mingle casually with colleagues and promote camaraderie, employers need to know that they can be held liable for property damage, accidents and injuries caused by employees who overindulge with alcohol at the party.

Just as a bartender at a restaurant can be held legally liable for over-serving a patron, an employer can also be held accountable if they serve alcohol at an event and an incident subsequently occurs. A host found himself in this sort of scenario, when a court ruling made in 2018 was overturned earlier this year.

In the case of Williams v. Richard, it was originally found that the host (Richard) did not owe a duty of care to the guest (Williams), who was involved in a vehicle collision after consuming alcohol at Richard’s event. The original decision was ruled in favour of Richard, as Williams had initially driven safely home after the event, and the collision hadn’t occurred until Williams drove away from his home after his safe return. It could be argued that the duty of care ended upon Williams original safe arrival home. However, when the case was brought to the Court of Appeal for Ontario, the initial decision was overturned, and Richard was indeed found liable.

A couple other examples liability issues that may arise at company holiday parties include:

  • An employee or his/her “plus one,” who might just be an enthusiastic dancer, slips and hits his/her head on the corner of a table resulting in a concussion;
  • Employees or their guests who don’t particularly care for each other come to blows.

Although having the proper coverage is certainly helpful in the event an injury, it does not negate the need for precautionary measures. So, how can you minimize the chances of an accident and potential lawsuit in the first place?

With the holidays finally (already) here, our gift to you is some useful tips to keep in mind for all your holly jolly events:

  • Review your current general liability insurance policy to determine your coverage before you host an event;
  • Host your party at a hotel, restaurant or bar with a liquor license, rather than at your office. That way you transfer the obligation to the provider of the liquor;
  • Ensure no one will be driving after drinking; cabs and designated drivers are great options for getting home safely;
  • Ensure any spills on floors are quickly cleaned, and have everyone avoid the area;
  • In the event of snow and ice, ensure there is sufficient snow shoveling and anti-ice measures in place;
  • Record all relevant information such as named and contact information of any witnesses who were present or have information relevant to the incident.

Throw the safest and most fun holiday bash this year! Get in touch with a Trisura Property & Casualty underwriter to learn more. Contact us here.

Happy Holidays!