Trusted Tips and Resources

Trusted Tips & Resources

Trusted Regina Insurance Provider Campbell & Haliburton Insurance Tip About Commercial Insurance

Trusted Regina Insurance experts at Campbell and Haliburton Insurance Inc have been in the community for over 50 years. They know it is customer service and knowledge that counts when you are in need of an insurance company in Regina. Campbell & Haliburton Insurance, myCH.ca, dedicated insurance brokers in Regina, can assist you with finding the plan that works best for you. In their latest Campbell & Halliburton Regina insurance tip, they talk about commercial insurance and the 3 most commonly asked questions. 



What is Commercial Insurance?

Commercial insurance is a type of insurance that is designed to protect businesses from financial losses resulting from unexpected events. It is an essential part of any business’s risk management strategy and can help protect a business from a wide range of potential liabilities. However, many business owners are not familiar with the specifics of commercial insurance and have questions about what it covers and how it works. Here are the top 3 most asked questions about it.


1. What does it cover?


Commercial insurance can cover a wide range of potential liabilities for businesses, including property damage, liability for injuries or accidents that occur on the business’ property, and losses resulting from natural disasters or other unexpected events. It can also provide coverage for lost income or extra expenses that a business may incur as a result of a covered event. Some common types of commercial insurance include general liability insurance, property insurance, and business interruption insurance.


2. How much do I need?

The amount of insurance that a business needs will vary depending on the type of business and the specific risks that it faces. For example, a business that operates in an area with a high risk of natural disasters may need more coverage than a business that operates in a low-risk area. Additionally, a business that has a lot of valuable assets, such as expensive equipment or inventory, may need more coverage than a business with fewer assets. Business owners should work with their Campbell & Haliburton insurance agent to assess their specific risks and determine the appropriate amount of coverage.


3. How do I choose the right policy?


Choosing the right commercial insurance policy can be a complex process, as there are many different types of coverage available and different policies can have different terms and conditions. Working with Campbell & Haliburton’s Commercial Brokers who have experience working with businesses similar to theirs will help them understand the different options available. Business owners should also read the policy carefully and make sure they understand the coverage and exclusions before making a decision.

In conclusion, commercial insurance is an essential part of any business’s risk management strategy, but it can be complex and difficult to understand. Business owners should be familiar with the top 3 most asked questions about it which includes what commercial insurance cover, how much do I need and how to choose the right insurance policy. If you aren’t sure what about your commercial insurance, connect with Campbell & Haliburton’s Insurance Brokers and they will get everything straightened up for you.


Our Trusted Regina Insurance Agents at Campbell & Haliburton have your best interests and safety in mind and our commitment to customer service is one of the pillars of our business. They know insurance inside and out, so please get in touch with them for all of your insurance needs and they will be more than happy to help ensure what you value most is protected.
**This is a general overview. There are many different insurance companies, and there are always differences in insurance policies. For specific details on your policy and coverage, we recommend that you contact your agent or broker.

CONGRATULATIONS Al Schick Construction - Trusted Regina Contractors and Renovation Pros For Over 10 years!

CONGRATULATIONS, AL SCHICK CONSTRUCTION - CELEBRATING 10 YEARS OF TRUSTWORTHY BUSINESS PRACTICES IN REGINA 

TRUSTED REGINA RECOGNIZES OUR PARTNERS WHO HAVE BEEN TRUSTED FOR OVER 10 YEARS!

 
In this series of recognition articles, we continue to spotlight the businesses that have been Trusted Regina Partners for over ten years. We recognize the partners that joined us in 2012. We want to thank them for TRUSTING our team, and we are identifying each of them individually for providing ten years of OUTSTANDING service to the citizens of Regina and the surrounding area! This latest article celebrates and recognizes Al Schick Construction, Trusted Regina Contractor, and Regina residential renovation pros. 

'A Regina General Contractor You Can Trust

AL SCHICK CONSTRUCTION 


Al Schick has led the way in the residential construction industry in Regina for quality, integrity, and service. More recently, his son Les Schick joined the business, and the standards have remained outstanding!   




A HISTORY OF EXCELLENCE AS STANDARD


Al Schick Construction is a local family-owned and operated Regina renovation company. Al Schick has many decades of renovation and project management experience. His reputation in Regina as a contractor is second to none. Al learned the construction business from the ground up, and he is a sought-after project manager who prides himself on the quality of the work his team produces! 

Construction runs in the family, and Al has passed on his knowledge & skills to his son Les Schick. Les has helped out in the business since he was a teenager, and more recently, he decided to join the company full-time. 

Al Schick Construction specializes in residential and smaller commercial projects in and around Regina, Saskatchewan. If you need interior and exterior renovations on your office or home, they are experienced Trusted Regina contractors.

Are you planning to renovate a specific area of your home or business? Look to the Regina renovation experts at Al Schick Construction to get the job done right the first time! Check out the list of contracting services they offer here: services

Al Schick has only recently got a website built; he was busy enough without one. The new website was developed and produced by our sister company, Trusted Marketing Services. There you can see plenty of examples of Al and Les's past projects, testimonials, and customer feedback. The reviews are consistently excellent because Al is always in pursuit of excellence!

QUALITY WORK, ON TIME, ON BUDGET & WITH OUTSTANDING SERVICE! 


What Their Clients Say...


"On a scale of 1-10, Al Schick gets a 10 plus! He is a man who is clearly respected by the sub-trades that work for him and is more than wonderful to work with. He went above and beyond what was expected. Al is cooperative, accommodating and great at helping find solutions to fix problems. We will always recommend him as in my opinion there is no one else quite like him. We had a deadline and miraculously he was able to meet it. He absolutely upheld all the trusted guarantees and some. We are truly thankful for Al and his team"  - Martha.O. Regina, SK.


" Al is first class all the way! We had a basement renovation completed by Al as well as an extremely complicated garage added to our home. I would give a 10 out of 10 rating on every aspect of his integrity as well as workmanship. I have sent many friends to Al and will continue to do so. If I ever need work done in the future I will pick up the phone, call Al and never even question his bill. I truly do trust him to do a great job" Bob.R. Regina SK.


A Word From Al


"We offer our customers the same personable, friendly, trustworthy & professional work that we have since the beginning. As compared to other, larger companies we get to know you, the client, as a person and not just a number. We cater to what you want and what you need,  and our goal is to help bring your vision to life. " Al Schick 

A word from Trusted Sara about her personal experience with Al Schick Construction.


" I was told about Al Schick within weeks of arriving in Regina and looking for good, trustworthy contractors. He was quite hard to track down initially,  as he had no website or social media, I eventually got his card from another client in the home building industry and gave him a call. He was friendly on the phone and seemed intrigued about the concept. He agreed to meet me for coffee to learn more but did warn me that he doesn't advertise. Our meeting went really well, he struck me as a warm, humble and friendly man who clearly cares about his customers. He talked about how important it was to him that his customers were happy with the work that was done, and how he was lucky to be doing what he loved for a living. To this day I am grateful that the only place he ever advertised is Trusted Regina, and that he extended his trust to me, he is a perfect example of the kind of businesses I love working with and promoting. 
More recently, I was thrilled that I was able to talk him into having a website - I said "Al it's time you showcased what you do and you make it easier for people to find and check you out before contacting you." - I am glad that he trusted me once again, and I am so pleased with how the website and his new branding and logo turned out. In 2022 I met Les Schick for the first time. We met lots and worked together on website content, so I got to know him well which has been great. Les is a chip off the old block and it is great to see a long-term succession plan in place. Regina is lucky to have such a wonderful family construction business as an option, and I can't recommend Al Schick Construction highly enough.    - Sara Wheelwright, Trusted Regina founder.  

Thank you for TRUSTING us, Al and Les. You have provided ten years of AMAZING service to the people of Regina & area as a Trusted Regina Partner in Regina Contractors and Regina Renovations categories. We are proud to support Al Schick Construction, and we are thrilled to share that they have diligently upheld the 5 TRUSTED GUARANTEES of service and NEVER had a complaint. 




Trusted Regina Insurance Provider Campbell & Haliburton Insurance Tip On Vacations and Your Auto Insurance

Trusted Regina Insurance experts at Campbell and Haliburton Insurance Inc have been in the community for over 50 years. They know it is customer service and knowledge that counts when you are in need of an insurance company in Regina. Campbell & Haliburton Insurance, myCH.ca, dedicated insurance brokers in Regina, can assist you with finding the plan that works best for you. In their latest Campbell & Halliburton Regina Home insurance tip, they talk about going on vacation and your auto insurance. 


Vacations can take you away, i.e. the cruise of a lifetime, other times you are using travelling somewhere with your vehicle. Here are a few tips to remember as you prepare for either vacation.

  1. If you are not taking your car, and leaving it at home, be sure to take anything personal out of the vehicle including your auto insurance policy and put it safely in your home. If your vehicle is kept in your garage, keep the keys separately from it and out of sight. When you return, you can return your personal items to your vehicle.

Road Trips and Your Auto Insurance

  1. Know Your Car Insurance Policy – Read through your existing coverage to ensure that it provides everything you need to remain safely protected no matter where you’re travelling. Make sure you know if you are covered in Canada and the US and what would happen if you were in an accident.
  2. Make sure that your car is ready for the long journey ahead. Visit your car mechanic and make sure the important service checks are up to date (e.g. tires, oil pressure, brakes, fluid levels). If you’re attaching a hitch or trailer to your car, check that it, and all the items inside, are secure. Additionally, it’s not a bad idea to load the maps for your destination on your GPS or mapping apps in advance. The more you know, the more you’ll feel confident on the road.

By taking the right steps before you go, you’ll be ready to enjoy your vacation. If you aren’t sure about your vacation and your auto insurance, connect with the Campbell & Haliburton Insurance Brokers they will get everything straightened up for you.


Our Trusted Regina Insurance Agents at Campbell & Haliburton have your best interests and safety in mind and our commitment to customer service is one of the pillars of our business. They know insurance inside and out, so please get in touch with them for all of your insurance needs and they will be more than happy to help ensure what you value most is protected.
**This is a general overview. There are many different insurance companies, and there are always differences in insurance policies. For specific details on your policy and coverage, we recommend that you contact your agent or broker.

Trusted Regina Insurance Provider Campbell & Haliburton Insurance Advice About Vacations and Your Home Insurance

Trusted Regina Insurance experts at Campbell and Haliburton Insurance Inc have been in the community for over 50 years. They know it is customer service and knowledge that counts when you are in need of an insurance company in Regina. Campbell & Haliburton Insurance, myCH.ca, dedicated insurance brokers in Regina, can assist you with finding the plan that works best for you. In their latest Campbell & Halliburton Regina Home insurance tip, they talk about going on vacation and your home insurance. 


Whether it is a 3-day vacation in the middle of winter or the cruise of a lifetime, there are a few things you need to make sure you do before you leave on your vacation.


  1. Make sure you have a trusted friend check in on your home every 48 to 72 hours. This check-in consists of them walking into your home, and checking each room. Make sure that all windows and doors are still shut and locked, and that there are no puddles of water anywhere.
  2. Have them turn on a different set of lights each time they check your home, this helps make your home look occupied.  Another choice is Digital Timers from Home Depot which turn your lamps on and off at programmed times.
  3. Make sure that your mail is brought into your home this also helps make your home look occupied.
  4. If it snows while you are gone, make sure that someone shovels the snow or drives up and down your driveway a few times and walks up to the front door.
  5. As your friends are checking your home, have them keep a log of anything that may not look normal. If you ever have to make an insurance claim, this can be helpful.

Extended Leaves

If your vacation is going to be longer than a week you may want to think about the following items:

  1. Have someone move into your home while you are going to be gone.
  2. If that is not an option, then you should turn off your water and drain all your water pipes. There is nothing worse than coming home to freezing cold and busted water pipes.
  3. Still have a trusted friend come and check your home every 48 hours.
  4. Talk to your local insurance agents at Campbell & Haliburton about you being gone for an extended time. There may be different insurance coverages available for these situations.
Our Trusted Regina Insurance Agents at Campbell & Haliburton have your best interests and safety in mind and our commitment to customer service is one of the pillars of our business. They know insurance inside and out, so please get in touch with them for all of your insurance needs and they will be more than happy to help ensure what you value most is protected.
**This is a general overview. There are many different insurance companies, and there are always differences in insurance policies. For specific details on your policy and coverage, we recommend that you contact your agent or broker.

Trusted Regina Financial Advisors at Worby Wealth Management Explain Corporate Estate Planning

Chris Worby and Jeremiah Worby are Trusted Regina based financial advisors and Wealth Management services providers. With over 20 years of experience, Worby Wealth Management has been committed to providing a high standard of financial service to individuals, families and business owners in Regina and area. Worby Wealth Management listens and provides a personalized financial plan. In their latest Worby Wealth Management Trusted Regina Financial Tip, they discuss corporate estate planning. 

The Wealth Building Toolkit: Corporate Estate Planning

So you’ve used your corporation to build wealth and to provide a nice, stable income. At the end of it all, we all go the way we do and it’s time to consider the two inevitabilities in life: death and taxes. 

Upon the death of a shareholder, there is what we call a ‘deemed disposition’ of shares. This means that on the date of death, shareholders are considered to have sold their shares at whatever gain or loss they would incur at that time. Those shares are passed down to a new shareholder in accordance with a will or some corporate documents dictating who becomes the new shareholder. But regardless of what happens after, that shareholder has sold their shares on that date.

This can represent some problems. Let’s say no planning was done and the accounting was sloppy. If the shares were worth, say, $1,000,000 at the time of passing but had little to no cost base, that would be a $1M capital gain adding $500,000 to the income line of a taxpayer’s final tax return and a $208,000 best-case scenario tax bill.*

If the inheriting shareholder didn’t have the means to pay the tax bill and there were no other estate assets, they may have to take a dividend to pay the bill meaning they’d have to declare a $310,000 dividend to pay the tax for the dividend as well as to pay the tax for the estate - again, there are better ways to do this but it’s the least tax efficient way to manage the tax bill.

One of the ways to manage the tax bill is to own life insurance in the corporation yet again. There is a notional account called a ‘Capital Dividend Account’ that certain corporate activities create - one of which is a life insurance payout less the ACB of the policy. This ‘CDA’ allows for dividends to flow through to shareholders without attracting taxation. 

In our example above, if there was an insurance policy in the corporation which is triggered on death which is also when our deemed disposition occurs, there would be money made available to be removed from the corporation with no taxation. This could be used to pay the tax bill and provide tax-free money to remaining shareholders.

These past 3 blogs have shown the corporation as a wonderful tool for both reducing taxes while accumulating wealth, streamlining income for retirement purposes and then how to reduce tax burdens on death. It’s good when we can have all the tools in working condition!

*all personal tax calculations are estimates based on taxtips.ca tax calculator.


If you have questions about wealth building, contact Worby Wealth Management to get your questions answered and start investing in an RRSP, TFSA or other investment accounts today.

Some of the services that Worby Wealth Management can help you with: 


TRUSTED REGINA FINANCIAL ADVISORs Chris & Jeremiah Worby from Worby Wealth Management help you live your dream!

 

The comments contained herein are a general discussion of certain issues intended as general information only and should not be relied upon as tax or legal advice. Please obtain independent professional advice, in the context of your particular circumstances.  This Blog was written, designed and produced by Jeremiah Worby and Chris Worby for the benefit of Jeremiah Worby and Chris Worby who are Financial Advisors at Worby Wealth Management, a registered trade name with Investia Financial Services Inc., and does not necessarily reflect the opinion of Investia Financial Services Inc.  The information contained in this article comes from sources we believe reliable, but we cannot guarantee its accuracy or reliability.  The opinions expressed are based on an analysis and interpretation dating from the date of publication and are subject to change without notice.  Furthermore, they do not constitute an offer or solicitation to buy or sell any securities.  Mutual Funds, approved exempt market products and/or exchange traded funds are offered through Investia Financial Services Inc.

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Saskatoon, SK   S7K 1N7
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