The cannabis industry faces mounting challenges and risks, making it crucial for businesses in this niche to create a tailored risk management plan that includes insurance coverage. California state law mandates that all cannabis business owners have insurance. California only recently started
Is Your Cannabis Insurance Compliant With California Regulations?
The global cannabis industry is growing exponentially and is expected to reach $146.4 billion by 2025. Despite the growth, this emerging sector faces several risks and challenges. As the cannabis industry expands and becomes increasingly regulated, so does the risk exposure – a significant reason
5 Insurance Policies Your Nightclub Shouldn’t Go Without
Nightclub owners are constantly busy managing daily operations, mitigating onsite risks, and preparing for potential damages caused by rowdy clients. After all, it only takes one incident to jeopardize your entire business. If someone slips on the dance floor, they can sue your club, putting you in
What Insurance Do I Need For A Wine Bar?
Regardless of the industry, all businesses need insurance to provide coverage against lawsuits and financial claims. If you are a wine bar owner, you often face problems with intoxicated customers, damage, and over-drinking. These problems can result in grave consequences if people get injured in
How To Prevent Employee Theft Within Your Cannabis Business
The cannabis industry is constantly growing across the world, and in the United States, the cannabis market will be worth $40 billion by 2030. While that’s great news for profitability, it also brings some unwanted attention. One of the main issues with the cannabis industry is that it is
Why Do Bars and Nightclubs Need Liquor Liability Insurance?
There is no denying that alcohol is the root cause of many accidents, especially in nightclubs and bars where people come to consume alcohol and have fun but overdrinking often ends in a mess. Intoxicated individuals are often in an altered state of mind and can cause property or personal damage.
Why Your Cannabis Business Should Have An Employee Theft Coverage
There is little data on how frequently growers and dispensaries are victims of crimes—and even less on how commonly the perpetrators turn out to be the employees. But there is little doubt that the high-value, easy-to-sell commodity is prone to theft. To make matters worse, standard risk mitigation
5 Must-Have Bar Insurance Policies
The success of your bar, pub, casino, cocktail lounge or tavern depends on your reputation among the locals and your ability to take care of your customers while providing them with superior service and exceptional experiences to keep them coming back for more. Bars and pub faces a lot of risks.
What Is Cannabis Business Insurance And Why Do I Need It?
The U.S. cannabis industry is growing at an unprecedented rate and is expected to be worth $57 billion by 2030. While this phenomenal success has benefited growers, suppliers, businesses, and the U.S. economy, it has also brought a slew of new hurdles to solve. For many, this means getting the right