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Cannabis Bonds: Why They Are Required, Costs, and Where to Buy Them
As the cannabis industry continues to grow, regulatory compliance remains a top priority for businesses operating in this space. One key requirement in many states and local jurisdictions is a cannabis surety bond, often referred to simply as a cannabis bond. These...
Understanding Risk Management and Key Insurance Coverages for Businesses
In the world of business, managing risks is not just smart—it’s essential. Whether you’re running a startup or a large enterprise, protecting your business from unforeseen circumstances can make the difference between success and financial hardship. At Bozzuto Group,...
Understanding Side C of Directors and Officers Insurance: Essential Protection for Cannabis, Hemp, and Natural Product Companies
Directors and Officers (D&O) insurance is a critical component of risk management for businesses, particularly for those operating in the cannabis, hemp, and natural product industries. While most business owners are familiar with Side A and Side B coverage, the...
Unveiling Side B of Directors and Officers Insurance
Crucial Protection for Businesses in the realm of business risk management, Directors and Officers (D&O) insurance stands tall as a shield against potential liabilities. While Side A coverage typically garners the spotlight, Side B of D&O insurance plays an...
The Critical Role of Equipment Breakdown Coverage in Property Insurance
Equipment breakdown coverage is a vital component of property insurance policies, yet it is often overlooked or undervalued by businesses. In this blog, I will explore the importance of equipment breakdown coverage for businesses, highlighting its role in mitigating...
Directors and Officers Insurance Side, A, B, and C Explained
Directors and Officers (D&O) insurance provides financial protection for directors and officers of a company, as well as the organization itself, in the event they are sued for alleged wrongful acts while performing their duties. These policies typically cover...
Directors & Officers Insurance, What is it and Why businesses Need it.
Directors and officers insurance is designed to provide financial protection for company executives and board members from legal action taken against them in their professional capacity. In the cannabis and Life Science industries, we have seen a high turnover in...
Exploring the Rich Heritage of Kava, It’s Modern Use, and Risk Management for Kava Businesses in the US
Kava, a plant with deep cultural roots, has captivated many with its unique properties and social significance. Derived from the roots of the kava plant (Piper methysticum), this product, traditionally soaked in cold water to produce a drink, has a rich history...
New Law Surrounding Independent Contractors & the 6 Factor ‘Test’
On January 10, 2024, the U.S. Department of Labor introduced a final rule, effective from March 11, 2024, that revises the guidance on determining employee or independent contractor status under the Fair Labor Standards Act (FLSA). This rule supersedes the 2021...
Psilocybin, the “new” medicinal frontier & insurance capabilities for this emerging industry
Psilocybin, a naturally occurring psychedelic compound found in certain mushrooms, has gained increasing attention for its potential medical benefits. Research indicates its efficacy in treating mental health conditions, including depression, anxiety, and PTSD. Recent...

Cannabis Bonds: Why They Are Required, Costs, and Where to Buy Them
As the cannabis industry continues to grow, regulatory compliance remains a top priority for businesses operating in this space. One key requirement in many states and local jurisdictions is a cannabis surety bond, often referred to simply as a...

Understanding Risk Management and Key Insurance Coverages for Businesses
In the world of business, managing risks is not just smart—it’s essential. Whether you’re running a startup or a large enterprise, protecting your business from unforeseen circumstances can make the difference between success and financial...

Understanding Side C of Directors and Officers Insurance: Essential Protection for Cannabis, Hemp, and Natural Product Companies
Directors and Officers (D&O) insurance is a critical component of risk management for businesses, particularly for those operating in the cannabis, hemp, and natural product industries. While most business owners are familiar with Side A and...

Unveiling Side B of Directors and Officers Insurance
Crucial Protection for Businesses in the realm of business risk management, Directors and Officers (D&O) insurance stands tall as a shield against potential liabilities. While Side A coverage typically garners the spotlight, Side B of D&O...

The Critical Role of Equipment Breakdown Coverage in Property Insurance
Equipment breakdown coverage is a vital component of property insurance policies, yet it is often overlooked or undervalued by businesses. In this blog, I will explore the importance of equipment breakdown coverage for businesses, highlighting its...

Directors and Officers Insurance Side, A, B, and C Explained
Directors and Officers (D&O) insurance provides financial protection for directors and officers of a company, as well as the organization itself, in the event they are sued for alleged wrongful acts while performing their duties. These policies...

Directors & Officers Insurance, What is it and Why businesses Need it.
Directors and officers insurance is designed to provide financial protection for company executives and board members from legal action taken against them in their professional capacity. In the cannabis and Life Science industries, we have seen a...

Exploring the Rich Heritage of Kava, It’s Modern Use, and Risk Management for Kava Businesses in the US
Kava, a plant with deep cultural roots, has captivated many with its unique properties and social significance. Derived from the roots of the kava plant (Piper methysticum), this product, traditionally soaked in cold water to produce a drink, has a...

New Law Surrounding Independent Contractors & the 6 Factor ‘Test’
On January 10, 2024, the U.S. Department of Labor introduced a final rule, effective from March 11, 2024, that revises the guidance on determining employee or independent contractor status under the Fair Labor Standards Act (FLSA). This rule...

Psilocybin, the “new” medicinal frontier & insurance capabilities for this emerging industry
Psilocybin, a naturally occurring psychedelic compound found in certain mushrooms, has gained increasing attention for its potential medical benefits. Research indicates its efficacy in treating mental health conditions, including depression,...