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Cannabis Insurance Get-Started Guide

Cannabis Insurance Get-Started Guide

The new year brings new opportunities in many parts of the country where cannabis has finally been legalized. Whether it was medical, recreational, or both, the ability to legally sell and obtain marijuana has many dreaming of starting new businesses. Finding a location and product suppliers are important. Getting the proper licensing is a must. Learn all you can about the business before you get started. And don’t forget about insurance. Hayes Brokers has been insuring cannabis businesses since 1996, when it all began in California. In fact, we wrote the book on it. Now, we can insure cannabis operations in every state where it is legal. Here’s how we can help you. Liability Insurance for Cannabis Businesses If you own a retail operation such as a dispensary, you’re going to need general liability insurance. Your landlord may require it, but even if you don’t have a landlord, this coverage will protect you in many other ways.   Premises liability will protect against the odd bodily injury (slip and fall) claim made by customers and visitors. It will also protect against property damage claims by those same visitors. This coverage works like prepaid legal. Should someone threaten to sue for bodily injury or property damage, the coverage will provide legal representation for your business. If your business is found liable, the policy will pay the claim (indemnify you) up to the policy limit. This is the most important coverage you can purchase as a business owner. One thing not covered under most standard Commercial General Liability policies for cannabis businesses is products liability insurance. This coverage can and should...

More Insurance Coverage Than Ever

We’ve been busy upgrading our website with new and updated content about insurance coverage, risk management services, testimonials and more. There’s great info now available to you – or to anyone who is considering commercial insurance coverage. We’ve included links to some of the most popular new and updated pages below: Notary Services Offered free of charge to our valued clients Workers Compensation Insurance Updated with information about California and beyond Pollution Insurance Covering the two types of pollution liabilities International Coverage For businesses that have dealings or operations overseas Cargo Insurance Updated with information about when Cargo Insurance is a must-have Risk Management Explaining our services, and the importance of risk management for small and medium business Earthquake Insurance The latest updates on the California Earthquake Insurance market   If you are looking to learn about a topic not covered on our website, please use the Search function above or contact us directly....
5 Tips to Know Before Working for a Ridesharing Company

5 Tips to Know Before Working for a Ridesharing Company

by Galen Hayes, President of Hayes Brokers, originally published on Property Casualty 360   The ads are enticing: “Make $35/hour driving with us!” “You could make $800 a week or more!”   Ridesharing services, or Transportation Network Companies (TNCs), are everywhere. Uber alone signs up an estimated 20,000 drivers each month worldwide. You have a nice car and could use extra cash. You sign up to be a driver, install the app and soon you are driving people around and making money. Too good to be true? 1) It Isn’t “Ridesharing” The term “ridesharing” is a misnomer. Ridesharing is “the act or an instance of sharing motor vehicle transportation with another or others, especially among commuters” which sounds more like carpooling. This arrangement doesn’t involve a fee or contract. TNCs use apps to connect a driver with a passenger for a fee. This is one definition of “livery.” Livery or for-hire companies typically charge a fee, and some employment contract between company and driver exists. The definitions and usage of a personal vehicle are important when determining insurance coverage and even more important in the event of an accident. On December 31, 2013, six year old Sofia Liu, her mother and her brother were crossing the street in San Francisco when Syed Muzzafar struck them in a crosswalk, killing Sofia. Mr. Muzzafar identified himself as an Uber driver and indicated that he was driving around awaiting a new transaction when the accident occurred. Uber released a statement saying that the driver was “not providing services on the system at the time of the incident.” A $20 million wrongful death...

Friday Motivation Quote

“The critical ingredient is getting off your butt and doing something. It’s as simple as that. A lot of people have ideas, but there are few who decide to do something about them now. Not tomorrow. Not next week. But today. The true entrepreneur is a doer, not a dreamer.” – Nolan...
Exciting Progress

Exciting Progress

We’re always making progress at Hayes Brokers, with a focus on providing our clients with the best service in the industry. Today we committed to serving our clients and friends even further with the addition of a monthly newsletter. The newsletter will feature exclusive content, valuable insights, insurance tips and a roundup of top posts from our blog. To sign-up for our newsletter, just scroll to the top right of your screen (or scroll down if you’re on a mobile device). We hope you sign-up and get value from this...