Insurance Bureau of Canada Launches Business Insurance Action Team to Support Small Businesses

Insurance Bureau of Canada (IBC) reported today that its Business Insurance Action Team (BIAT) has dispatched and is prepared to assist with finding suitable insurance for small businesses in Ontario's neighborliness area battling to discover insurance due to the COVID-19 pandemic.

IBC reported the making of BIAT in late October. This industry-driven arrangement brings back up plans and their delegates together to help battling small businesses in Ontario's accommodation area – explicitly eateries, bars, bars and feast lobbies – secure insurance in the midst of the financial difficulties the COVID-19 pandemic has made.

"Small and family-run businesses in Ontario's hospitality sector are facing extraordinary challenges, and its incumbent upon all of us to try and do what we can to help," said IBC President and CEO Don Forgeron. "The hospitality industry is a major contributor to the Ontario economy, and we recognize that current pandemic-related restrictions are creating difficult economic conditions. That's why IBC and a group of insurers in Canada have come together to deploy an innovative solution to assist small businesses struggling to find insurance."