(800) 869-8643

admin@hayesbrokers.com

Marijuana and Your Workplace

Marijuana and Your Workplace

It has been 4 years since cannabis was first legalized for recreational use in Colorado and Washington, followed shortly by Alaska and Oregon. In that time, the insurance industry has learned a lot about how cannabis usage affects business insurance in those states. Questions about employee rights, the legality of drug testing post-hire and other human resources issues should always be handled by an experienced human resources (HR) professional or qualified labor attorney.  While Hayes Brokers are not legal professionals, we can advise on the insurance aspects of cannabis use in the workplace. Here is how marijuana usage on the job may affect your insurance policies and premiums: Can You Get Insured or Bonded? As the legalization of marijuana continues across the country, insurance companies may begin to include questions about drug free programs and marijuana usage on applications as part of the underwriting process. A strict company policy on these issues will make these questions easier to answer. An employer’s main concern should be providing a safe work environment that also allows for the completion of projects in a timely manner. Recreational marijuana usage by employees may affect a company’s ability to do so. Failure to perform as required by contractual obligations may result in your bonding company nonrenewing your bonds. Finding replacement bonds when nonrenewed for this reason may not be possible, or may come at increased cost. Large or frequent claims may result in nonrenewals or declinations of coverage by liability insurance companies, as well. Impaired employees can contribute to both of these, costing employers in increased insurance premiums for anywhere from 3-5 years from the...