Cannabis Insurance Blog
Outbreak Spurs Warnings of Large Rate Hikes for 2021
ONE OF the consequences of the coronavirus outbreak will likely be higher insurance rates coming into 2021, experts are warning. Covered California, the state-run Affordable Care Act health insurance exchange, warned in late March that the spiraling costs of COVID-19...
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Six Electrical Mistakes Farm Owners Make
OVER THE years, electrically powered farm equipment has become an indispensable element of modern farming. But every year about 100 farm workers are electrocuted on the job. A better understanding of the principles, uses and hazards associated with electricity could...
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OSHA Won’t Require Cases to Be Recorded
FEDERAL OSHA announced on April 13 that it won’t be enforcing COVID-19 recordkeeping requirements. The announcement reverses an earlier decision requiring that transmission of the virus in the workplace, unlike the flu or common cold, would be considered a recordable...
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Insurers Ordered to Refund Premiums
The state insurance commissioner has ordered insurers to refund a portion of premiums to policyholders, due to the reduced risk of claims in light of the COVID-19 outbreak and shelter-at-home orders. Commissioner Ricardo Lara’s notice covers premiums paid for at least...
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Fraud, Corruption, Cyber Attacks Plague Industry
The Cannabis industry is coming under increasing scrutiny as law enforcement and regulators grow concerned about criminal activity, fraud and corruption and as hackers target businesses in this emerging industry. The FBI last year announced that it was seeing...
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More Firms Sued for Discrimination
More and more companies are being sued for discrimination by job applicants who have legally been prescribed medical marijuana, after they failed pre-employment drug screenings or because of their use of the substance. The issue of medical marijuana is difficult in...
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HDHPs Can Pay for COVID-19 Testing, Treatment
The IRS has issued new emergency guidance that allows employers and insurers to waive the cost of coronavirus testing and treatment for workers who are enrolled in highdeductible health plans (HDHPs). Major health insurers reported that employers had been asking if...
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Business Insurance Implications for Coronavirus
COVID-19 is forcing US businesses to face a number of insurance implications, and you maybe wondering if any of your policies will pay for claims resulting from the outbreak. The main lines of insurance that may come into play are: Business interruption coverage...
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Searching Social Media During Hiring Process
If you are hiring, you should not overlook the importance of vetting prospective employees through social networking sites such as Facebook and LinkedIn. A recent survey by CareerBuilder found that 70% of hiring managers said they had used Facebook or other social...
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