Product liability, contamination and product recall insurance for cannabis startups

January 18, 2018General Liability, Product Liability

Concerned you may need cannabis product recall insurance for your startup? Chances are, you need it more than you think. In 2015 alone, federal agencies recalled 4217 products — the most ever. In the new and ever-changing cannabis startup arena, you’re likelihood of risk is substantial.   What is a product recall? Product recall is “insurance coverage … Read More

Cannabis D&O insurance (and why your cannabis startup needs it)

January 10, 2018Directors and Officers

The directors and officers of cannabis startups make some risky decisions. This is cannabis we are talkin’ about! Directors & officers insurance (D&O) allows them to do so more freely. This policy safeguards a company’s individual directors and officers from claims based on their decisions made while acting in a corporate capacity. And while coverage varies from … Read More

Why insurance for cannabis funds is an investment, not a cost

January 4, 2018Directors and Officers, Employment Practices Liability Insurance, Errors and Omissions Insurance

Successful venture capital funds (whether cannabis specific or not) frequently invest in a blended venture capital (VC) insurance policy to provide protection from three main exposures. These include management liability (also known as directors & officers or D&O), professional liability (also known as errors & omissions or E&O) and employment practices liability (EPL). These combined … Read More

EPLI for cannabis companies: 5 reasons why your PEO’s insurance isn’t enough

December 19, 2017AlphaRoot, Employment Practices Liability Insurance

There’s a bevy of benefits when your cannabis company uses the services of a professional employer organization (PEO). They provide convenience by allowing you to outsource your HR duties to them. PEO’s also guide you through a maze of regulations and laws that most cannabis companies don’t have time to review. From a startups’ perspective, PEO’s … Read More

Getting insurance for on-demand cannabis and ag startups

October 26, 2017AlphaRoot

The burgeoning on-demand economy is having a real and direct impact on cannabis and ag startups. Companies like Eaze, Onfleet, GreenRush, and Meadow are answering the markets demand to deliver cannabis products to your door-step at breakneck speeds.  Our friends at Founder Shield previously discussed the risk profile of on-demand services and the ways insurance can help. Let’s take a look at some … Read More

5 important cannabis and ag startup hiring tools

October 19, 2017AlphaRoot

When a cannabis or ag startup ramps up its hiring, it’s obviously a good sign. A smart company can double or triple its workforce in the first few years, especially those who are venture-backed. But (there’s always a but, isn’t there?) a runaway train effect can occur which can deeply affect the trajectory of your … Read More