TC Square re­quires higher in­sur­ance

All ven­dors need cer­tifi­cate of li­a­bil­ity in­sur­ance for $5 mil­lion

The Compass - - FRONT PAGE - BYMELISSA JENK­INS

For the past few weeks, if you’ve shopped at the Trinity Con­cep­tion Square shop­ping mall, you may have no­ticed fewer ven­dor ta­bles.

That might have to do with a pol­icy change the par­ent com­pany of the Car­bon­ear-based mall is rolling out.

The 180,000 square foot fa­cil­ity, owned by Rio Can Real Es­tate In­vest­ment Trust, has be­gun no­ti­fy­ing all ven­dors, whether they are not-for­profit or busi­nesses, they must carry a min­i­mum $5 mil­lion li­a­bil­ity in­sur­ance pol­icy. All ven­dors must show a cer­tifi­cate of in­sur­ance to TC Square ad­min­is­tra­tion.

The Compass met with prop­erty manager Wally Snow last Tues­day to dis­cuss what the changes mean for the shop­ping mall.

Of­fer­ing the ex­am­ple of a cus­tomer get­ting hurt at a ven­dor booth, Snow con­firmed it was “pro­tec­tion” for that ven­dor.

“I think this is go­ing to be a good thing,” Snow said.

Pre­vi­ously, only busi­nesses were re­quired to have an in­sur­ance cer­tifi­cate for a $2 mil­lion li­a­bil­ity. Not-for­profit or­ga­ni­za­tions were ex­empt from that pol­icy, but did have to sign a waiver.

An On­tario-based busi­ness pro­vides in­sur­ance for or­ga­ni­za­tions that host booths across the coun­try. That com­pany charges a $40 ad­min­is­tra­tive fee for a sin­gle event for not-for-prof­its. An an­nual in­sur­ance cer­tifi­cate would cost some $400 for busi­nesses and $200 for not-for-prof­its.

The Compass in­quired with a lo­cal com­pany about the cost of such cov­er­age, but the em­ployee could not con­firm a de­fin­i­tive rate. That em­ployee did sug­gest an an­nual cer­tifi­cate for some not- for- profit or­ga­ni­za­tions would start in th e range of $1,000.

Although it may prove to be a has­sle for some ven­dors to file pa­per­work and pos­si­bly deal with in­creased in­sur­ance fees, many na­tional not-for-prof­its al­ready have the nec­es­sary cov­er­age. Tak­ing part in fundrais­ing ac­tiv­i­ties for dif­fer­ent char­i­ties may take an ex­tra phone call to the or­ga­ni­za­tion, but once the in­sur­ance cer­tifi­cate is on file, it is good for the year.

Sev­eral or­ga­ni­za­tions have al­ready pro­vided a cer­tifi­cate to the TC Square.

The only com­mu­nity or­ga­ni­za­tions this may have an ad­verse ef­fect on are those do­ing per­sonal fundrais­ers or small groups. Dart leagues, fundrais­ers for in­di­vid­u­als with ill­nesses or any other non-af­fil­i­ated group that may not be able to get in­sur­ance would no longer be per­mit­ted to have a ta­ble on the prop­erty.

Snow con­firmed it was a cor­po­rate de­ci­sion, and not the TC Square’s call to change the pol­icy. Rio Can owns well over 100 prop­er­ties across Canada, in­clud­ing Yonge-Egling­ton Cen­tre in Toronto, Brook­side Mall in Fredric­ton, Char­lot­te­town Mall in P.E.I. and the Mill Woods Down­town Cen­tre in Ed­mon­ton. Those prop­er­ties are also re­quired to fol­low this new pol­icy.

The pol­icy came into ef­fect in Jan­uary, and all ven­dors, new and old, will be re­quired to have the nec­es­sary pa­per­work in place be­fore set­ting up a ta­ble or booth.

Not-for-profit or­ga­ni­za­tions also have sev­eral guide­lines to fol­low. Dis­plays must be set up prior to the mall open­ing at 10 a.m., ta­ble cov­er­ings are re­quired for pre­sentable dis­plays and ven­dor agree­ment pa­per­work must be signed.

For more in­for­ma­tion on the in­sur­ance re­quire­ments or sug­ges­tions on who to con­tact for in­sur­ance, con­tact prop­erty ad­min­is­tra­tor Jackie Reynolds at 596-5124.

Compass file photo

The Trinity Con­cep­tion Square shop­ping mall in Car­bon­ear.

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