It was only a short time ago that Michigan voters voted to legalize the use of recreational marijuana. Retail dispensaries started opening up in December 2019, about a year after marijuana was legalized in November 2018. The economic benefits of these actions are expected to produce sales of $3
What Does D&O Insurance Cover In The Entertainment Industry?
Private production companies are usually small when compared to Warner Bros or Sony Pictures, but this doesn’t prevent the management team from being equally exposed to potential liabilities. Production companies without D&O insurance could find themselves in a difficult position at a time when
What is D&O Insurance?
As a director or officer of an organization, there is always the possibility of becoming the target of a lawsuit because of actions taken in connection with the business. Directors and Officers (D&O) liability insurance is a type of liability insurance meant to protect individuals from suffering
What Does Errors And Omissions Insurance Cover?
Good business practices can significantly reduce the risk of lawsuits from customers and clients, but oftentimes legal issues arise regardless of how careful a company is. For example, a business that offers software as a service (SaaS) might be sued by a client if they have issues using the
How to Protect Your Business from Credit Card Skimming
It would be difficult for any business to succeed today without accepting credit cards. They are the default method of payment for almost anyone, and businesses that still operate on a cash-only basis are a rarity. Unfortunately, for all the convenience that credit cards bring, they can also pose
What Does Equipment Breakdown Insurance Cover?
If you own a restaurant, office building, or any other type of commercial business that uses costly equipment, having equipment-breakdown insurance is a must. Equipment insurance is a type of business insurance that covers the cost to repair broken commercial equipment, as well as the loss of
What is Errors and Omissions Insurance?
As an expert in your field, people expect you to provide stellar service that meets certain standards. However, as humans we all make mistakes, and when these mistakes are made in a business setting, a person has the right to file a claim against you. Errors and omissions (E&O) insurance is a type
Why Micromobility Enthusiasts Should Consider Insurance
Over the last few years, the rise of micromobility has been well-documented. Since 2015, stakeholders have invested over $5.7 billion in micromobility start-ups, according to research published by McKinsey & Company. As the popularity of electric scooters and other forms of micromobility continue to
What Is a Workers Compensation Audit?
If you have a Workers Compensation Policy or anticipate obtaining one in the future it is important to understand how the policy works and be prepared for an audit of your policy. Working with a workers compensation auditor doesn’t have to be difficult if you are prepared for following through with