3 Reasons Why an ‘A’ Rating Matters in Insurance
When it comes to choosing an insurance provider, the rating of the company may not be the first thing that comes to mind. However, an ‘A’ rating can make all the difference in the coverage and service you receive. Here are three reasons why an ‘A’ rating matters in insurance, especially in the cannabis industry. […]Read more
Insurance Industry Language Every Cannabis Business Owner Should Know
As the cannabis industry continues to grow, it is essential for business owners to understand the importance of insurance and the different terms associated with it. The complex and evolving regulatory landscape of the industry makes it imperative to have adequate insurance coverage to protect your business from potential financial losses. But do you know […]Read more
Three Reasons Why Your Cannabis, CBD or Hemp Operation Needs Workers’ Compensation Insurance
If you’re like most employers, you don’t have time to think about workers’ compensation (comp) insurance. After all, that’s what your insurance company is for—right? While it may be true that an insurer, such as CannGen, can handle claims that arise on your behalf, workers’ comp insurance is not always automatically included in your traditional […]Read more
How Do I Get Premium Financing for my Cannabis Operation?
The financial demands of operating a cannabis business, or any business, can cause companies to look for finance options to help make operating costs like insurance more affordable. While many finance options are available, the best choice is often working with insurance providers to secure financing for insurance premiums. Insurance Finance Options If you are […]Read more
Insuring Your Cannabis Distribution Company
Distributors are at the very heart of the supply chain for the cannabis industry, partnering with manufacturers and retailers to ensure they are meeting consumer demand. The daily operations of distributors opens them to unique risks not experienced by others in the cannabis sector. This makes having the right insurance policy a critical step in […]Read more
5 Ways CannGen is Different
You’ve likely seen discount insurance providers promising to insure your business for less than their competitors. For companies on a tight budget, these firms can be incredibly appealing. However, when the time comes, can you trust that these companies will be there to help you rebuild and relaunch? When it comes to protecting the value […]Read more
How Security and Insurance Intertwine in the Cannabis Industry
The cannabis industry saw a marked increase in crime during the pandemic, a trend that is continuing this year throughout many legal markets. News of robberies at dispensaries and farms have business owners searching for solutions in case their establishment is next. Physical security offers defense against potential robberies, but no system is perfect. In […]Read more
Workers’ Compensation Risks and Coverage Options in the Cannabis Industry
Workers’ compensation ensures your employee has the funds to sustain themselves and their family while recovering properly from an injury at work. In most cases, workers’ compensation insurance is compulsory for businesses, but what is it and why do you need it? Let’s take a look at employee risks and workers’ compensation coverage options available […]Read more
What Insurance Financing Options Are Available for the Cannabis Industry?
There is no denying that the start up and operating costs for the cannabis industry are incredibly high. Any opportunity to manage these costs can help businesses, especially new ones, to minimize initial cash needs by breaking these high costs into smaller payments. However, methods of doing so vary widely in availability and costs. Let’s […]Read more
Should I Get Motor Truck Cargo Insurance for My Cannabis Business?
The cannabis supply chain relies strongly on vehicle transportation for the movement of cannabis from cultivators to manufacturers and on to retailers and, ultimately, the end user. The same is true for the other ingredients and supplies necessary to conduct operations, as well as the cash that drives everyday cannabis business. So how do you […]Read more