b'The Importance of CRCA Advisory Bulletin Inside the OIRCARoof Drain Height Guideline to 2021 AGM ReportCoordination andMitigate Rooftop Fires Page 18Communication are Essential Page 12Page 10Sika at WorkDowntown Torontos Rogers Centre never expected a massive ice chunk from a neighbouring tower to fall and puncture through their roofs steel deck. Luckily, they knew exactly where to turn to restore the architectural marvel to its original glory as a staple of Torontos skylinePage 14Insurance Notes W hileoriginallyaseafar- 4. Restrictiveinsuranceterms, ing term, Oxford definesconditionsandhigherde-The Perfect Storm ofperfectstormasa5.ductibles. Despite higher prices, particularlybadorcriticalstateyou also face taking more skin affairs, arising from a numberin the game as insurers transfer ofnegativeandunpredictablemore risk back to the insured. factors.ThispaperattemptstoContinuing,but(wehope) A Simon Says paper By Simon Fenn set out the confluence of issuesmoremoderateincreasesin affecting the roofing industry to- insurance premium base rates. day. These include:Weknowthatthiscontinu-The hard insurance market- inghardinsurancemarketplace, place that has continued tocombinedwiththeCOVID-19 drivepremiumsupwardscrisis and an economic recession is since the beginning of 2018.bringing no end of frustration to COVID-19, the deadly pan- business owners, including roofers demic that has had a grip onand, dare I say, insurance brokers! the world for over a year now. In fact, all three are to some degree The economic recession.interconnected.For example: Changing CCDC contractsCOVID-19hasresultedin and insurance requirements. thousandsofbusinessclo-Thehardinsurancemarket- sures bringing about business placethatstartedin2018hasinterruptionclaimsagainst continued through 2020, and youbusinesspropertyinsurance canexpectthefollowingcondi- policies.Insurersaresustain-tions will persist for a while acrossinghugeexpensestoexam-all product lines of insurance: ineifapandemiccaneven 1. Arestrictednumberofbeconsideredadirectdam-availableinsurersfortheageperil,whichisrequired roofing sector. Take care notunderpropertyinsuranceto tobeseducedbyanyroguetriggerbusinessinterruption insurersofferingspecialdealsinsurance. The highest courts manyofyouhavealreadyaround the globe continue to experienced that they often doexamine this issue. not stick around for long. It isIftheOlympicGamesare often ridiculously difficult to gocancelledduetopandemic, the insurance industry report-back to your prior insurer foredly will sustain losses in ex-thesamepremiuminahardcessofUS$2.2BN+(www.insurance marketplace.reuters.com/article/us-olym-2. Aheavierfocusofunder- pics-2020-coronavirus-insur-writinginformationfromance-idUSKCN20M1YD). insurers.ThismakesWimbledons 3. Limitedcapacity/availabil- 2020pandemicinsurance ity of insurance limitsli- claimofUS$141MMlook ability,property(projectrathersmall(www.insurance-coverage), fleet. Even flame- journal.com/news/interna-less ICI roofing project builderstional/2020/04/13/564598.risk insurance is at an all-timehtm).Costslikethesewere high price tag, multiples of whatnot even on the 2020 Global you are accustomed to.Risk Report radar. Please return undeliverable copies to: 940 The East Mall #301, Etobicoke, ONM9B 6J7 Continued on page 6'