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Kapnick Insurance

Oct 02

Auto Insurance – Cutting Fleet Costs for Cannabis Transportation

By Business Insurance
The Hidden Costs of Cannabis Fleet Insurance Cannabis businesses face unique challenges when it comes to vehicle insurance. From secure transport vehicles to delivery fleets, the specialized nature of cannabis operations requires insurance solutions that standard carriers simply can't provide effectively. Substantial Savings for Secure Transport Operations At Kapnick Insurance Group, we've developed resources and carrier relationships that can lower your fleet costs by up to $6,000 per secure transport or company vehicle. This isn't just about finding cheaper coverage—it's about finding the right coverage at the right price. Secure Transport Insurance Challenges Most insurance providers don't understand the unique…
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Oct 02

Specialty Lines & M&A Support – Navigating Cannabis Transactions

By Business Insurance
Blog Post 4: Specialty Lines & M&A Support - Navigating Cannabis Transactions The M&A Boom in Michigan Cannabis Michigan's cannabis industry is experiencing rapid merger, acquisition and divestiture activity. Unfortunately, much of this activity recently is being forced as a result of difficult market conditions due to extremely low cannabis pricing from oversupply and the future prospect of a significant increase in the State excise tax.  As a result, financially distressed cannabis businesses are facing bankruptcies, liquidations and receiverships at an unprecedented pace.  With significant opportunistic capital flowing into the market, operators are buying, selling, and consolidating quickly, often at…
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Oct 02

Safety & Risk Support – Reducing Claims Through Hands-On Prevention

By Business Insurance
Beyond Coverage: Proactive Risk Management for Cannabis Operations At Kapnick Insurance Group, we believe the best claims are the ones that never happen. That's why we work hand-in-hand with site managers to implement practical safety measures that keep claims low and insurance costs down—without adding operational burden to your business. Real-World Safety Solutions That Make a Difference Our risk management approach focuses on the everyday realities of cannabis operations. Working with safety expert Amy Dekeyser, we've identified common workplace hazards that can be easily prevented with the right knowledge and tools. Preventing Repetitive Strain Injuries The Problem: Many cannabis facilities…
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Oct 02

Market Expertise – Your Trusted Partner in Cannabis Insurance

By Business Insurance
Why Market Expertise Matters in Cannabis Insurance The cannabis industry operates in a unique regulatory landscape where standard insurance approaches simply don't work. At Kapnick Insurance Group, we've built our reputation by understanding the intricate needs of Michigan's cannabis operators and delivering specialized solutions that protect your business at every level. Working with Michigan's Largest Cannabis Operators Our extensive experience spans across Michigan's cannabis ecosystem. We work with the largest operators in the state, from multi-facility cultivators to expansive retail chains. This breadth of experience has given us unparalleled insights into the challenges facing businesses of all sizes in this…
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Oct 02

Beyond the Policy: How Proactive Risk Management Protects Your Bottom Line

By Business Insurance
Insurance is often seen as a safety net—something you buy and hope you never have to use. But what if you could do more than just prepare for the worst? What if you could actively prevent losses before they happen? At Kapnick, we believe that the most effective insurance program is one that’s paired with a proactive risk management strategy. Our consultative approach goes beyond simply finding you a policy. We partner with you to identify, mitigate, and control risks, which not only makes your properties safer but also makes your business more attractive to insurers. This leads to better…
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Oct 01

The New Wave of Exclusions: Navigating Loan Restrictions and Liability Gaps

By Business Insurance
For property owners, securing insurance has always been about managing risk. But today, a new set of challenges is complicating the landscape, making it harder to obtain the coverage needed to satisfy loan requirements and protect assets. Two emerging trends are causing significant concern: stringent new Fannie Mae and Freddie Mac insurance requirements and insurance carriers adding exclusions for abuse and molestation, assault & battery, and firearms/weapons. a surge in exclusions for abuse, assault, battery, and firearms. These issues are not just minor policy adjustments; they represent a fundamental shift that can leave property owners uninsured for critical risks or…
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Oct 01

Navigating the Persistent Storm in Casualty and Umbrella Insurance

By Business Insurance
While the property market shows signs of relief, the forecast for, general liability (GL), and umbrella insurance remains challenging. Business owners continue to face a relentlessly hard market characterized by rising premiums, stringent underwriting, and a growing list of coverage exclusions. In this environment, securing comprehensive and affordable liability protection is more difficult—and more critical—than ever. The pressures are coming from all sides. "Social inflation" continues to drive up the frequency and severity of large claims, leading to multi-million-dollar "nuclear" verdicts. As a result, insurers are taking a defensive stance, limiting the amount of risk they are willing to take…
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Oct 01

A Break in the Clouds: Navigating the Softening Property Insurance Market

By Business Insurance
For several years, property owners have weathered a turbulent insurance market defined by rising premiums, shrinking capacity, and restrictive terms. This challenging environment left many feeling uncertain about securing adequate coverage at a sustainable cost. However, a significant shift is underway. The property market is beginning to soften, presenting new opportunities for those who know how to navigate the changing tides. At Kapnick, we’re seeing this firsthand. After a prolonged hard market, new capital is entering the insurance space, and competition among carriers is increasing. This translates to more favorable conditions for buyers, including greater availability of coverage (capacity) and…
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Sep 30

Kapnick Insurance Group Welcomes Jarrett Patterson as Commercial Risk Advisor

By Kapnick News
Kapnick Insurance Group is excited to welcome Jarrett as a Commercial Risk Advisor. Jarrett describes his new team as "high-integrity, committed individuals" and is eager to contribute to the company’s growth. Previously an Agency Owner at Farm Bureau Insurance, Jarrett brings valuable experience to the role. A 2014 graduate of Adrian College with a BBA in Marketing, he has a strong background in understanding and addressing client needs. In his new position, Jarrett will focus on building strong client relationships, delivering outstanding service, and providing strategic risk management solutions. "I'm excited to provide and form genuine relationships with my clients…
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Sep 17

Drive to 75: Our Promises

By Kapnick News
At Kapnick, our success and growth stem from living the promises outlined in our Kapnick Compass every single day. These promises are more than just words—they are the foundation of our values, guiding how we interact with our clients, colleagues, and communities. By consistently upholding these commitments, we strengthen trust, foster collaboration, and create a culture of safety that fuels innovation.
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