# Professional Risks

## [CUSMA uncertainty nudges Canadian professional firms to rethink US footprint and coverage](https://www.insurancebusinessmag.com/ca/news/professional-liability/cusma-uncertainty-nudges-canadian-professional-firms-to-rethink-us-footprint-and-coverage-576569.aspx)

Purves Redmond's Alex Ilkos says CUSMA uncertainty is pushing some Canadian professional firms to avoid the US entirely while others are opening offices there to stay competitive

Branislav Urosevic May 26, 2026

### [Tariff fraud case puts insurance and D&O risks in spotlight](https://www.insurancebusinessmag.com/ca/news/professional-liability/tariff-fraud-case-puts-insurance-and-dando-risks-in-spotlight-576110.aspx)

US$19m steel settlement highlights growing exposure to trade misrepresentation, whistleblowers and ‘tariff washing’ for Canadian boards and insurers

### [CUSMA trade risk puts Canadian boards under microscope as D&O exposure rises](https://www.insurancebusinessmag.com/ca/news/professional-liability/cusma-trade-risk-puts-canadian-boards-under-microscope-as-dando-exposure-rises-575764.aspx)

Alex Ilkos says smaller companies with U.S. exposure face the same D&O risks as large ones – and insolvency is the match that lights it

### [‘All of the above’: How insurers are planning for an age of permanent uncertainty](https://www.insurancebusinessmag.com/ca/news/professional-liability/all-of-the-above-how-insurers-are-planning-for-an-age-of-permanent-uncertainty-575765.aspx)

KPMG experts say insurers are getting better at navigating uncertainty – but the threats are only getting more interconnected

### [CUSMA uncertainty seen driving corner cutting, liability risk in Canada’s construction sector](https://www.insurancebusinessmag.com/ca/news/professional-liability/cusma-uncertainty-seen-driving-corner-cutting-liability-risk-in-canadas-construction-sector-574626.aspx)

Alex Ilkos says financial pressure from CUSMA talks could quietly push contractors toward faulty work and claims

### [Roofing losses remain severe as hot work and water damage drive claims pressure](https://www.insurancebusinessmag.com/ca/news/professional-liability/roofing-losses-remain-severe-as-hot-work-and-water-damage-drive-claims-pressure-573640.aspx)

SWG Specialty’s Brian Mahoney says documentation gaps and winter exposures are adding pressure to roofing underwriting beyond fire risk

### [Why CGL falls short for professional services businesses](https://www.insurancebusinessmag.com/ca/news/professional-liability/why-cgl-falls-short-for-professional-services-businesses-570793.aspx)

Peter Kyung Min Kim says many consultants and IT firms rely on CGL alone, leaving their core professional exposures unprotected until a claim exposes the gap

### [Why product recall coverage must evolve for a world of viral pile-ons and complex supply chains](https://www.insurancebusinessmag.com/ca/news/professional-liability/why-product-recall-coverage-must-evolve-for-a-world-of-viral-pileons-and-complex-supply-chains-570783.aspx)

Alexander Blair Johns says recalls today are driven as much by perception as by product defects, with viral claims and complex supply chains forcing brands to respond faster than ever

### [Side hustles, hidden risks: Why Canada’s gig workers challenge traditional P&C](https://www.insurancebusinessmag.com/ca/news/professional-liability/side-hustles-hidden-risks-why-canadas-gig-workers-challenge-traditional-pandc-570313.aspx)

Young gig workers are taking big risks with both the CRA and their coverage