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
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
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
The Arena To say the enterprise/SaaS startup industry is hot right now would be a serious understatement. Cannabis companies that specialize in making tech for work and business use is a big market and growing fast. Hence the need for the right kind of insurance. At our core, AlphaRoot is a technology business and the … Read More
Cannabis and ag business insurance claims made easy When should you turn to your insurance for help? As a business owner and an entrepreneur, you might be surrounded by insurance protection. The trick is knowing when and how to use that protection. “I pay all this money for insurance and as soon as I submit … Read More
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
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
We’re all about teaming up with great companies on a mission to help the cannabis and ag community manage risk. UVPPE is one of those awesome companies, creating clothing designed to protect cannabis cultivators. This guest post comes to us from their founder and CEO, Daniel Jordan. Daniel explains how protecting your employees can go a long way in … Read More
It would be surprising if you didn’t have questions after looking at your first cannabis and ag business insurance quotes. They’re peppered with enough codes, details and industry jargon to have you spending the better part of a day googling seemingly made up words. (Non-imputation and waiver of subrogation? Anybody?). But that’s why we’re here! … Read More
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