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Why Are Cannabis Auto Insurance Premiums Rising?
The U.S. cannabis industry is booming, but with growth comes growing pains, especially for businesses managing vehicle fleets, deliveries, or product transportation. A hardening insurance market, marked by higher rates, stricter underwriting, and fewer insurers, means many cannabis organizations are grappling with rising Cannabis Auto Insurance costs. Major Drivers Behind 2025 Insurance Premium Increases Rising […]
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Why Cannabis Auto Insurance Is Essential for Every Business Fleet
As the cannabis industry continues to grow and evolve, secure transportation remains the cornerstone of every successful operation. A seamless logistics network not only enhances customer satisfaction but also strengthens relationships with regulators, investors, and clients. However, every mile on the road carries risks, accidents, cargo loss, regulatory challenges, and potential litigation. That’s where specialized […]
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What Are the Biggest Workers’ Compensation Risks for Cannabis Employees?
The biggest workers’ compensation risks for cannabis employees include injuries from equipment, chemical exposures, repetitive strain, vehicle accidents, and unique hazards related to cannabis processing and cultivation environments. Cannabis workers’ compensation insurance is not only a legal requirement in most states, but also a vital tool for protecting employees and businesses from financial losses due […]
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How to prepare your client for a Workers’ Compensation Audit
To help your cannabis industry clients prepare for a workers’ compensation audit, focus on meticulous recordkeeping, accurate employee classification, and open communication throughout the audit process. Cannabis workers’ compensation insurance audits verify payroll, job roles, and coverage, ensuring compliance and the integrity of your policy premium. What Is a Workers’ Compensation Audit? A workers’ compensation […]
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Navigating Business Insurance: A Broker’s Guide to Streamlining Your Coverage Submission
In the dynamic world of cannabis insurance, safeguarding your venture against unforeseen risks is paramount. One of the most effective ways to achieve this is by securing comprehensive insurance coverage. Whether you’re a seasoned entrepreneur or a budding startup, understanding how to submit your business for insurance services is a crucial step in fortifying your […]
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Understanding the Criteria for Management Liability Insurance
In the dynamic landscape of cannabis, managing a business involves making decisions and managing risks that few other industries have. From balancing employees and customers to investors and regulators, the actions and decisions of a company’s management team can have far-reaching consequences. To protect both the company and its management from the risks associated with […]
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CannGen’s Year in Review and Projections for 2024: Navigating the Future of Cannabis Insurance
As the curtains have closed on 2023, we took a momentous pause to reflect on a year marked by achievements, milestones, and a promising outlook for the cannabis and CBD industries in the year ahead. A Look Back at 2023 Entering 2023 with a steadfast commitment to serving the unique needs of the cannabis and […]
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5 Key Takeaways from the Insuring Cannabis Summit
The cannabis industry has been experiencing rapid growth and transformation in recent years, with legalization spreading across various states and countries. As this budding industry continues to evolve, so do the challenges and opportunities within it. Recently, our team had the privilege of speaking and moderating during the Insuring Cannabis Summit. This summit has become […]
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5 Cannabis Insurance Must-Haves
No matter which category your cannabis business falls into, it is vital to ensure you are protected with quality insurance on all fronts. With an evolving industry and states with different compliance laws that are ever-changing, the cannabis industry has its fair share of insurance needs. Which coverages should be on your list? Take a […]
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The 411 on Cannabis Crop Insurance
Cannabis crop insurance is a topic that has been gaining increased attention in recent years as the cannabis industry continues to grow and mature. With more and more states legalizing cannabis for both medical and recreational use, there is a greater need for insurance coverage to protect against risks and losses associated with growing and […]
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