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

2 surprising benefits of insurance for your ag & cannabis business

September 22, 2017AlphaRoot, Directors and Officers, General Liability, Key Person Insurance

We get it: the benefits of insurance for your agriculture or cannabis business can easily be overlooked when you’re just getting started. There are a million other items on your to-do list, like acquiring licenses, growing product to sell, finding investors…oh, and making money. Most new founders consider insurance as a “CYA” move so if something … Read More

The do’s and don’ts of buying insurance for cannabis startups

July 11, 2017Cyber Liability, Directors and Officers, Employment Practices Liability Insurance, Errors and Omissions Insurance, Featured, General Liability

Rest easy There’s no doubt about it: buying insurance for a cannabis startup company can be overwhelming. The insurance market is vast and there are a ton of products out there. It doesn’t help that the insurance industry can often seem a little, shall we say, behind the times. (Many brokers still use fax machine, … Read More

Understanding insurance costs as your cannabis company grows

June 27, 2017Cyber Liability, Directors and Officers, Employment Practices Liability Insurance, General Liability

How much is this going to cost me? Over the years, we’ve encountered our fair share of companies grow beyond their “friends and family” round of financing to Series A, B, C and D rounds. As time goes by and a cannabis startup continues to expand, more employees and investors are brought on board, revenues explode and … Read More

Your cannabis business insurance start date & when coverage kicks in

June 15, 2017Cyber Liability, Directors and Officers, Employment Practices Liability Insurance, Featured, General Liability

  Q: When is my cannabis startup officially covered by our new insurance policies? Ready for the short answer? It depends on the policy. There are different types of insurance policies available: occurrence policies and claims made policies. Depending on whether the policy is on occurrence basis or claims made determines when you can (or … Read More