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
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
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:
The US legal cannabis market is a serious industry and has grown at an exponential pace. In 2020 it was conservatively valued at slightly more than $15 billion, with sales having jumped 45% from the year before. Experts are projecting sales to surpass $30 billion
The following is a case study about how Kapnick’s Specialty Risk experts provided in-depth consultation of policies to ensure a real Kapnick client fully understood how their management liability coverage would respond in various claim scenarios to mitigate risk and add value to their business.
The following is a case study based on real Kapnick clients about the impact return to work programs have on getting employees back to work safely while minimizing disability and medical costs. THE PROBLEM Workplace injuries have the potential to impact any business or organization, at any time, no matter the industry.
The following is a case study based on real Kapnick clients about how poor office ergonomics were impacting a client’s workers’ compensation claims and premium costs. THE PROBLEM A Kapnick client with a large office staff kept having significant workers’ compensation claims due to repetitive strain
In light of increasing pharmacy costs, Kapnick is offering a new discount pharmacy program to our Benefits services—RxKap. RxKap is a free prescription drug savings program that offers everyone, those with health insurance and without, significantly lower cash prices for much needed prescriptions.
Kapnick experts Bill Secinaro and Mike Fenstemacher in collaboration with Margaret Amsden at Clayton & McKervey and Tyler Horning of TDC Life weigh in on how to use life insurance to enhance your estate plan. Read more: How Life Insurance Enhances Your Estate Plan | Estate Planning Advice. Original article posted by: claytonmckervey.com.