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AFN Insurance Brokers

AFN Insurance Brokers. Nationally Incorporated Insurance Broker AFNIB serves only First Nations Insurance products designed by AFNIB for First Nations. AFN Insurance Brokers. Insurance products distributed by local brokers in provinces/territories

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AFN Insurance Brokers

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  1. AFN Insurance Brokers • Nationally Incorporated Insurance Broker • AFNIB serves only First Nations • Insurance products designed by AFNIB for First Nations

  2. AFN Insurance Brokers • Insurance products distributed by local brokers in provinces/territories • In Manitoba – Ranger Insurance Brokers 100 Scurfield FtGry Winnipeg MB R3Y 1G4 Phone (204) 925-8550 Fax (204) 489-0163

  3. AFNIB Insurance Programs • First Nations Governments • Tribal Councils • First Nations Housing

  4. Insurance What’s your situation? On a scale of 1 to 10 how do you rate? 1 – Can’t spell insurnance 10 – Know too much about it

  5. The Basics • What’s your mission? • What’s essential to enable you to carry out your mission? • Your insurance should support your goals

  6. Risk Identification • “loss exposures” or “risks” can prevent you from fulfilling your mission • How do we approach this? The usual method is to classify your risks as the insurance industry does

  7. Insurance Approach • Insurers use different categories for ease of understanding - also makes sure nothing is missed • This approach also has the advantage of relating risks to insurance coverages

  8. General Liability Professional Liability Directors & Officers Automobile Crime Health & Disability Property Typical Categories

  9. General Liability Liability arising from negligent acts causing injuries to others or to their property • Bodily Injury (excluding professional services:Nurses, Accountants) • Property Damage • Contractual exposures • Employers’ Liability

  10. Professional Liability Liability arising from errors of professionals • Nurses and medical professionals (usually not doctors or dentists) • Other Professionals (Accountants, Lawyers)

  11. Director & Officers (D&O’s) • D & O’s are responsible for certain financial consequences if company becomes bankrupt • D&O’s can be sued for some causes

  12. Automobiles • Non-Owned Vehicle Exposures • Liability to others from an accident of employee using his/her own car • Owned Vehicle Exposures • Your liability to others from an accident • Damages to your vehicle

  13. Crime • Employee Dishonesty Bond (employee steals from your organization) • Third Party Extension to Bond (employee steals from your customer) • Burglary (break and enter) • Robbery/Holdup • Forgery

  14. Health & Disability • Key persons (Life Insurance, Travel Considerations) • Other employees (Accident Insurance, Travel Insurance) • Contract workers

  15. Property • Fire, vandalism, theft, windstorm, etc. damage to buildings or equipment • Loss of income resulting from damages • Contingent exposures (loss of income resulting from damage to property of others

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