Cannabis insurance tips: Additional Insureds and COI’s

March 15, 2018Insurance Pro Tips

So, you have cannabis insurance in place but your startup is required to provide an additional insured endorsement and certificate of insurance. You scratch your head and ponder, “What the heck is that?” Let’s tackle both of these common requirements so you can take on the next big contract with ease.   1. Additional Insured … Read More

The Top 5 Cannabis Business Insurance Requirements

March 1, 2018Insurance Pro Tips

Our team encounters many different cannabis business insurance requirements. These are the coverage demands coming from your investors, landlords, business partners and other key players who all want to protect themselves as much as you do. We process these requests by asking underwriters to endorse the policy, changing the way that its coverage responds to claims. Unfortunately, … Read More

What’s the difference between fiduciary liability insurance and ERISA fidelity bonds for cannabis companies?

February 15, 2018ERISA Fidelity Bonds, Fiduciary Liability

You just launched a 401(k) plan for your cannabis company’s employees and they couldn’t be more thrilled. This will help with morale and recruitment by encouraging employees to grow their nest egg with minimal effort. But with no fiduciary liability insurance or fidelity bonds, your cannabis company can be risk. That’s because employee benefit plans … Read More

Best HR practices for your startup

February 1, 2018Featured, Insurance Pro Tips

This is a guest post from Amy Klimek, VP of HR at Startups cannot run their businesses the way established companies can. Established companies leverage their name and stability to attract the best talent in the industry. Your startup does not have an established name or track record of stability, but you do have other principles … Read More

Insurance for cannabis eCommerce companies

January 25, 2018Insurance Pro Tips

There’s never been a more exciting time in the cannabis-centric eCommerce space. It’s also never been more important to secure insurance for your company before you take off flying.   Just the facts In 2016 alone, global e-retail sales grew 24.6 percent (compared to the previous year) making up 8.7 percent of the total retail market worldwide. … Read More

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