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 […]
International Roadcheck Focus
CVSA Announces 2021 International Roadcheck Focus The Commercial Vehicle Safety Alliance (CVSA) recently announced that this year’s International Roadcheck has been scheduled for May 4-6, 2021. The International Roadcheck is an annual, three-day enforcement initiative that emphasizes the importance of commercial motor vehicle and driver safety through a blitz of high-visibility roadside inspections across North […]
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 […]
How Can I Save Money on My Business Insurance?
Let’s face it, most people want value when purchasing something. Whether that is a safe and reliable vehicle at an affordable price, quality craftsmanship in remodeling your home (without breaking the bank) or your business insurance package – quality and price are important. So you may be wondering, how can I keep my insurance premiums […]
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 […]
What is Cyber Liability?
Does your business have a cyber exposure? YES! Let’s jump right to the point; every business has a need for Cyber Liability. More than ever, we are seeing these cybercriminals targeting small businesses. Although you may think of the big companies such as Sony, Target or Home Depot in recent years, it is now small mom-and-pop […]
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 […]