Authors: Percival E. Odynak KC, Brad Angove, Michael Johnson, and Justin Laverty-Harrigan

One of the most overlooked and neglected areas in commercial lending is the requirement that counsel acting for commercial lenders are required to ensure that proper insurance coverage is in place prior to any funding taking place notwithstanding the nature and scope of any security. This paper explores common types of insurance coverage and requirements for any sort of funding involving the placement of security on a borrower’s or guarantor’s assets in support of the funding that is to take place.

These materials are part of a collection presented at LESA’s Commercial Lending program in Edmonton on June 18, 2026.