Who are the Best Cannabis Insurers in Michigan?
As the cannabis industry continues to grow in Michigan, many business owners are asking an important question: Who are the best cannabis insurers in the state? At Spire Insurance Solutions, we believe in providing honest, educational information to our clients and potential customers – even when it comes to discussing other insurance options in the […]
Social Engineering Attacks on the Rise- Don’t be a Victim!
First of all, what is a social engineering attack? Social engineering can be summarized as an act of manipulation, to trick someone into sharing sensitive information or unwillingly downloading malicious software. Social engineering attacks are incredibly successful, as they prey on one’s inherent trust in others. Regardless of the method, the common theme of these attacks […]
OSHA Electronic Reports Are Due March 2! What Businesses Need to Know
What should Cannabis companies look for in an insuranOSHA Electronic Reports Are Due March 2!ce provider? Each year, the Occupational Safety and Health Administration (OSHA) requires certain employers to submit information from their OSHA Form 300A electronically. Affected employers must submit their reports using OSHA’s Injury Tracking Application (ITA). Affected establishments include: Establishments with 250 or more employees, if they […]
Are Your Product Liability Limits Enough?
Have you wondered if product recalls actually happen in cannabis? Well, in Michigan, the Marijuana Regulatory Agency recently issued a recall for several products due to unreliable test results. This recall could be impacting over 400 sales locations throughout the state in what may be the largest cannabis recall in Michigan’s short history. While an MRA investigation is […]
8 Reasons Why Your Cannabis Business Needs Cyber Insurance
So, you most likely are wondering now “Why does my cannabis business even need cyber liability policy?” Great question! In short, small and medium-sized businesses are vulnerable targets and statistics show they have become the global favorite for cyber criminals. The odds of a cyber breach against a business are continuing to rise due to the […]
Tips for Finding the Right Cannabis Business Insurance
It is no secret that the cannabis industry is booming! The United States legal cannabis market is projected to double in size to $41.5 billion by 2025 according to a recent New Frontier Data report. Only four states have no laws relating to legal marijuana use — Idaho, Kansas, Nebraska and South Dakota, according to the National […]
What Is Social Engineering and What Does It Mean for My Cannabis Business?
On February 4, 2021, the Michigan Marijuana Regulatory Agency (MRA) issued announced that there had been recent social engineering attacks against MRA licenses. The MRA informed marijuana businesses about incidents of fraud or attempted fraud and common themes of this include: Licensees were contacted about an upcoming MRA inspection but this contact was not done by […]
The Dangers of Misclassifying Employees on Workers Compensation
One of the most common workers’ compensation premium fraud schemes occur when business owners intentionally misclassify their employees as independent contractors or subcontractors. This is typically done to reduce not only their insurance premiums but also reduces or eliminates employee expenses such as: Workers Compensation Taxes (Social Security, Medicare, Federal & State unemployment, etc) Employee […]
Who’s the Boss After a Loss?
Your Duties After a Loss As insurance professionals, we’re in the business to pay claims. After all, that is why individuals, families and business owners invest money each year – to manage the risks that face them. An insurance policy is called a “conditional contract”. This means that if the insured does X , the insurer will do […]
Clarifying New OSHA Record-keeping Requirements: Employers Must Electronically Submit 300A Data
Clarifying New OSHA Record-keeping Requirements: Employers Must Electronically Submit 300A Data Recently, the Trump administration along with OSHA has made the decision to roll back part of their Improve Tracking of Workplace Injuries and Illnesses final rule. With this change, employers no longer need to electronically submit the 300 or 301 forms but must still comply with […]