Whether it’s property, auto or health insurance, individuals and businesses need protection from financial losses. This workshop teaches participants about the fundamentals of insurance, including coverage options, policies and claims procedures.

Insurance license Ontario is a form of risk management in which one party, the insurer, guarantees payment for an uncertain future event in exchange for a premium from another party, the insured. The principles of insurance are designed to provide fairness and security for both parties. They include the principles of utmost good faith, insurable interest, indemnity, proximate cause and subrogation.

“Fundamentals of Insurance: Key Concepts and Principles

The principle of utmost good faith requires both the insurer and the insured to disclose all facts that might affect the decision to insure or the terms of the insurance contract. This prevents fraud and gives the insured peace of mind that the company will do its best to fulfill the promises made in the policy.

Insurable interest means that the insured must have a legitimate ownership interest in the property or item being insured. This is a common sense requirement and it helps the insurer avoid situations where the insured may try to take advantage of the insurance company.

A deductible is a small amount that the insured must pay before the insurance company begins to cover a loss. This is an attempt to limit the number of small, low-value claims that can add up to a large expense for the insurer. It also encourages the insured to be careful in reducing their risk by taking steps to protect against accidents and losses.

Carpeting is popular in homes for its comfort and thermal resistance, but even with regular vacuuming and DIY spot cleaning, areas of moderate to heavy traffic may need a deeper clean than what you can achieve at home. A professional cleaner can help. The key is to find one that uses environmentally friendly methods, and can also tackle tough stains and odors.

The best Expert carpet cleaners are efficient and easy to use. They typically work by dispensing a mixture of water and cleaning solution onto your carpet and then working it into the fibers with rotating brushes. They then suctions up the solution, as well as dirt and debris, into a clean water tank.

“Deep Clean, Fresh Feel: The Benefits of Professional Carpet Cleaning

Some full-size models have additional features that can be helpful. The Smart Carpet Cleaner from Tineco, which we tested in our Cleaning Lab, for instance, connects to your smartphone via an app to automatically adjust the suction and flow of clean water, and provides voice prompts that let you know when it’s time to empty or refill the tanks. Its built-in heater keeps the cleaning solution hot, which helps it fight stains better than cold water. It also includes a 1.5″ integrated crevice tool, Pet Tool and 3.5″ reversible brush tool.

Other models, like the Shark CarpetXpert with Stain Striker (also in our Testing Lab), have separate tanks for the clean and dirty water, so they only mix when you’re using them. It has a long hose, which makes it easier to reach stairs and other hard-to-reach spots. It also has a convenient handle on the nozzle for easy transport.