Quick Facts: Supreme Court Stays OSHA ETS Vaccination and Testing Mandate for Large Employers, Reinstates Vaccine Mandate for Health Care Workers
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On January 10, 2022, the Departments of Labor, Health and Human Services (HHS), and the Treasury issued FAQ guidance regarding the requirements for group health plans and health insurance issuers to cover over-the-counter (OTC) COVID-19 diagnostic tests. Plans and insurance issuers are permitted to implement
The underwriting process for cannabis risks is unique to the cannabis industry. Unlike many other industries, underwriting moves quickly. At Kapnick, we pride ourselves on being flexible yet aggressive. In many cases, carriers will quote based on applications as opposed to accord forms, so having a marketing and service team with strong connections to
A cannabis surety bond can range from $5,000 to $5,000,000 and provides a financial guarantee to a state or municipality that a company will perform according to the laws and regulations governing your license. A surety bond does this in two ways: 1. By requiring companies to be bonded, additional scrutiny of company and leadership’s finances and credit ensures
The following is a case study about the environmental impact of cannabis cultivation and the importance of environmental liability coverage for cannabis operations. As more states legalize recreational and medicinal marijuana, the environmental impact of large-scale cannabis cultivation is being examined more in depth.
In a constantly evolving and sometimes tumultuous market, directors and officers liability (or D&O) insurance is a must in order to protect the financial assets of owners, board members, and executives of cannabis companies, whether public or private. D&O insurance covers
While cannabis crop insurance isn’t required in all states, with the primary product of the cannabis industry being a plant, it’s important and essential to have insurance that covers every stage of the cannabis growth cycle. Yet marijuana cultivation insurance coverage isn’t something you can find everywhere—especially if you grow outdoors or use
Unsure Of Where To Start With The New Marijuana Liability Requirement? Kapnick Can Help. There is a new law in Michigan requiring marijuana liability insurance. Public Act 55 of 2021 recently amended the Michigan Regulation and Taxation of Marihuana Act. PA 55 of 2021 takes effect on October 11, 2021
The following is a case study about how common workplace hazards in the cannabis industry impact your workers’ compensation programs. THE PROBLEM A startup cannabis distribution client had multiple locations across the same state, with each location holding
Cannabis, CBD, and hemp-related organizations all have unique exposures and risk for carriers to consider. The right program will depend heavily on whether you’re cultivating, manufacturing, testing, distributing, or selling. While this is by no means a complete list, here are the top 9 cannabis business types we advise:
