Top Risks for Cannabis Businesses
In 2020, legal cannabis sales generated an estimated $15 billion in the US. Total revenue is expected to double by 2024, as more states legalize recreational marijuana and demand grows. Connecticut became the 19th state to legalize cannabis in June 2021. People over the age of 21 have been able to legally purchase and carry…
Why Your Small Business Needs a BOP
Small to medium-sized businesses have more limited budgets than larger companies – yet less funding does not mean owners should cut corners with commercial insurance. Despite the quality of your work and the safety of your facilities, incidents happen. When an injury or property damage suddenly results in a lawsuit, that’s where insurance comes into…
Errors & Omissions Risks for Small Businesses
As a business owner, you have confident in your products and services but not all clients will be satisfied. Even if you strive for perfection, things don’t always go as planned.
COVID-19 Has Increased Inland Marine Losses
According to a recent report, the Coronavirus pandemic has impacted inland marine insurance, increasing losses as much as 40 percent over the past year. These changes have created an uncertain climate that’s expected to continue in 2021. What should you know? Effect of the Pandemic on Inland Marine Coverage A type of commercial policy, inland…
Why Hackers Target Small & Home-Based Businesses
Although hacks involving large corporations receive the greatest amount of media attention, Verizon’s 2018 Data Breach Investigation Report found that small businesses make up 58 percent of malware victims.
