From the Experts Archives - Page 3 of 4

Apr 12

Expert Insight to Keep Your Cannabis Company Growing

By Kapnick Insurance Group Employee Benefits, From the Experts

At Kapnick, we understand not all industries, businesses, or individuals have the same challenges or concerns. To that end, we have developed Kapnick’s areas of specialization, where our experts dig into the specifics details of your industry’s unique risks. One of those specialized fields of knowledge is the quickly evolving cannabis industry. As experts in employee (more…)

Mar 21

Using Employee Engagement and Education to Combat the Great Resignation

By Kapnick Insurance Group Employee Benefits, From the Experts

Employees are walking away from their employers in record numbers, with what has been coined, the Great Resignation. A Prudential survey conducted toward the end of 2021 found that 46% of workers were actively seeking or considering finding a new job, and labor statistics backed those findings. According to the U.S. Labor (more…)

Mar 08

Supply Chain Disruptions Lead to Layoffs or Reduced Hours. Layoffs and Reduced Hours Lead to COBRA Considerations.

By Ian Burt Employee Benefits, From the Experts

A single disruptive event in any part of the world could initiate a supply chain nightmare for your company. And disruptions are more common than one might imagine. A recent survey of over 500 companies from 68 countries across 14 different industry sectors conducted (more…)

Dec 08

The Underwriting Process for Cannabis Risks

By Rama Gupta Business Insurance, From the Experts

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 (more…)

Nov 29

What exactly is a surety bond for cannabis, anyhow?

By Kapnick Insurance Group Business Insurance, From the Experts

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 (more…)

Nov 24

Eau De Cannabis – A Kapnick Case Study

By Rama Gupta Business Insurance, Case Studies, From the Experts

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. (more…)

Nov 23

Cannabis D&O Coverage Difficult, But A Must To Protect Leaders’ Financial Assets

By Rama Gupta Business Insurance, From the Experts, Specialty Risk

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 (more…)

Nov 15

The Importance of Cannabis Crop Insurance

By Kapnick Insurance Group Business Insurance, From the Experts

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 (more…)

Nov 01

The New Michigan Marijuana Liability Requirement – Where to Start?

By Kapnick Insurance Group Business Insurance, From the Experts

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 (more…)

Oct 28

Cannabis Workers’ Compensation Consolidation and Access – A Kapnick Case Study

By Rama Gupta Business Insurance, Case Studies, From the Experts

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 (more…)

From the Experts

Expert Insight to Keep Your Cannabis Company Growing

Using Employee Engagement and Education to Combat the Great Resignation

Supply Chain Disruptions Lead to Layoffs or Reduced Hours. Layoffs and Reduced Hours Lead to COBRA Considerations.

The Underwriting Process for Cannabis Risks

What exactly is a surety bond for cannabis, anyhow?

Eau De Cannabis – A Kapnick Case Study

Cannabis D&O Coverage Difficult, But A Must To Protect Leaders’ Financial Assets

The Importance of Cannabis Crop Insurance

The New Michigan Marijuana Liability Requirement – Where to Start?

Cannabis Workers’ Compensation Consolidation and Access – A Kapnick Case Study

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