our story

our story

In 2019, a significant event occurred at a condominium in Alberta resulting in substantial insurance premium increases for the building that one of cirkuit’s founders called home.

In turn, the impacted founder researched the insurance market in more detail and discovered trends that were highly concerning. There were minimal risk management solutions available which fuelled the motivation to explore the number of other condos that had experienced these types of events. 

Insurance premiums increased 1300%

Deductible increased to $500k for a 56 unit building

The group was interested to understand what solutions existed to manage risk and increase peace of mind to unit owners and their tenants. 

The scope of the founding team’s curiosity quickly expanded from multi-family residential into the commercial and industrial markets.

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