Waypoint Insurance - Risk & Business Magazine Waypoint Insurance Summer 2019 Magazine | Page 5

16 WELCOME feature SIMON SINEK THE SCIENCE OF WHY CONTENTS 5 LETTER FROM THE CEO 6 WAYPOINT NEWS & EVENTS 7 BROKER PROFILES 8 6 ATTITUDES THAT LEAD TO OUTSTANDING CUSTOMER SERVICE The insurance industry has been talking about a “hard market” for years, and it is starting to feel like changes are coming. In Canada, we have been in a soft market for quite a long time. Insurance has been relatively easy to obtain; insurers compete with each other for preferred business, and rate increases have been somewhat stable. A hard market is a difficult place to be— insurance companies have less capacity to take on new business and many are looking to make changes to existing accounts. You may see rates increasing, coverage limits changing, or insurance companies declining to write industries no longer to their appetite. If you find yourself facing insurance challenges, here are some steps you can take: • Make sure you have a strong relationship with your insurance broker. Your broker is your advocate, and will work to place your coverage through their knowledge of the marketplace and the relationships they have built with insurers. • Act quickly. Connect with your broker well in advance of your renewal and provide your updated information. Looking to change brokers? Don’t wait until the last minute. More time allows your broker to source the market. • Don’t take it personally. If an insurer no longer wants to write your business, it probably doesn’t have anything to do with your specific operations. • Manage your risk. Work with your broker to make sure you are doing everything you can to prevent a loss before it happens. 9 YOU'VE GOT 18 SUMMERS Jim Sheils 10 GRIT WILL TAKE YOU FARTHER THAN TALENT Angela Duckworth 12 HOW SPONSORED CONTENT COULD KILL THE MEDIA Joe Pulizzi 14 7 CORE BELIEFS OF GREAT BOSSES Travis Bradberry 20 THIS ONE HABIT HOLDS TOP LEADERS BACK Judith E. Glaser 22 WHY IS IT SO HARD TO LIVE UP TO OUR VALUES? Shawn Hunter 24 SKILLS YOUR EMPLOYEES NEED TO BE TRAINED ON John DiJulius 26 7 REASONS YOU NEED TO BUY CYBER LIABILITY INSURANCE Here at Waypoint Insurance, we work with our clients to ensure they are knowledgeable, protected, and proactive in the management and use of their insurance policies. If you can’t say the same thing about your broker, maybe it’s time to call Waypoint! Sincerely, 28 STRATA CORPERATIONS INSURANCE Tony Hayes, CEO waypoint.ca 5