Blog - Page 13 of 19 - Kapnick Insurance Group

Feb 28

Construction Benchmark Report Now Available

By Kapnick Insurance Group Business Insurance

You have a lot of decisions to make on a regular basis that have big impacts on your business. So we’ve got big news that can help you! As part of our series of industry-specific benchmark reports on the purchasing decisions of insurance buyers, we just published a 2021 Construction Benchmark Report that dives deep into the decisions made by construction company (more…)

Feb 03

MCCA to return surplus funds to Michigan auto policyholders

By Kapnick Insurance Group Auto Reform

If you’re a driver in Michigan, you’ve no doubt heard that the Michigan Catastrophic Claims Association (MCCA) has acted upon Governor Whitmer's call to return surplus funds to Michigan auto policyholders and will begin the process of refunding $400 per vehicle to Michigan drivers who were insured as of 11:59 pm on October 31, 2021. Updated 3.22.2022 Governor Gretchen Whitmer has directed (more…)

Feb 01

Kapnick Insurance 2021 Year in Review

By Kapnick Insurance Group Kapnick News

From our 2021 Year in Review: As we welcome the new year, Kapnick Insurance reflects back to 2021 and our 75th year in business with fondness and pride. Founded in 1946 by Elmer Kapnick, our firm was originally focused on personal and small commercial insurance, but has since grown into one of the largest, most respected independent brokers in the nation. (more…)

Jan 19

2022 Market Forecast

By Kapnick Insurance Group Kapnick News, Market Forecast

Market Insights from Kapnick Insurance The past few years have been challenging for both businesses and the insurance industry. The increased frequency and severity of claims, social inflation, the COVID-19 pandemic, medical inflation, trends in cybercrime, the cost of reinsurance, natural disasters and investment returns have all fundamentally reshaped the insurance market as we know it. (more…)

Jan 14

Compliance Update: COVID-19 Supreme Court Vaccination and Testing Mandate Ruling

By Kapnick Insurance Group Coronavirus, Legislative Updates

Quick Facts: Supreme Court Stays OSHA ETS Vaccination and Testing Mandate for Large Employers, Reinstates Vaccine Mandate for Health Care Workers (more…)

Jan 11

Legislative Update: 2022 Guidance on Coverage of OTC Covid-19 Tests

By Kapnick Insurance Group Coronavirus, Legislative Updates

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 (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…)

The Blog