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MMJ Growing Pains

MMJ Growing Pains

Since California led the way in 1996, medical marijuana has been legalized in 23 states and the District of Columbia.  Fourteen other states recently had medical marijuana decisions on the ballot last year or plan to in the coming year.  Even Congress has now put its support towards medical marijuana and hemp growers in the latest Omnibus bill. As the medical marijuana industry grows beyond infancy, so does the scrutiny of its business liabilities.  It seems as though every day there is a new growing pain for the industry exposed in a major publication. Today we’re focused on two important liability concerns.   The Products Liability Concern Because MMJ dispensaries operate like pharmacies, it is generally assumed that they should be insured like pharmacies.  However, products from pharmacies and dispensaries are tested, approved and labeled very differently from one another. This difference requires a unique type of insurance coverage specifically for MMJ business owners that a pharmacy owner could more or less do without. The coverage is called products liability. Products liability insurance is usually excluded from general liability insurance policies for medical marijuana dispensaries.  This is an essential coverage as it protects dispensaries in the event of claims due to illness or injury from cannabis products.  These claims are on the rise as more individuals are exposed to MMJ, particularly when those individuals experiment with various ways of consuming THC. A class action lawsuit filed in Colorado last year (Coombs v. Beyond Broadway) alleges that many people became ill after eating THC-infused chocolate samples at an event.  The class action is open to all attendees who may have been served chocolate samples at the event, so...
Tree Trimmers Liability Insurance

Tree Trimmers Liability Insurance

When you spend all day working up in trees there is a lot to consider, from your equipment to your employees to your professional reputation. What about what belongs to others? Your livelihood can be ruined by personal injury and property damage claims. Your reputation can be damaged by accidental errors. The two main types of liability insurance you should take into consideration when looking for coverage for your tree trimming business are general liability and professional liability (errors & omissions). General liability protects others and professional liability protects your business. Common Questions You Should Be Asking: What limits of coverage should you purchase for your business? The short answer is: as much as you can reasonably afford. When trying to determine adequate limits of coverage you should take into consideration the types of property you are working on or near (commercial property, high value homes, high income areas with expensive vehicles). Discuss with your agent the typical payout on a claim in your area and how much coverage you might need to protect yourself. Is general liability enough? Not always. Most tree trimmers coverage packages also include professional liability to cover other types of accidents. General Liability for Tree Trimmers General liability insurance covers your business for accidental damage to the property of others, as well as accidental injury to others. Coverage is included for these types of accidents: A branch being trimmed from a tree falls on a parked car belonging to the patron of a shop across the street. (Property damage) Tree trimmings on the sidewalk cause a jogger passing by to trip and fall and...