Reducing Cash Exposure in Cannabis and Food & Beverage Operations
The Cash Problem in Two High-Risk Industries Most businesses handle some amount of cash. Cannabis and food & beverage operations handle a lot of it, and under conditions that amplify the risk. Cannabis operators face a unique challenge: federal banking restrictions still limit many businesses from accessing standard commercial accounts, merchant processing, and deposit services. […]
Loss Control Tips and Mitigating Losses for Vape Stores
Vape shops face distinct exposures that make effective risk management essential. Fire hazards, regulatory oversight, theft, and liability risks all have the potential to disrupt operations and cause financial harm. Proactive loss control not only reduces those risks but can also make stores more attractive to insurance providers. Fire and Property Protection Lithium-ion batteries, flammable […]
The Risks Behind Operating Bars and Taverns and How Insurance Can Help
Businesses such as bars and taverns are vibrant staples of social life. But behind the lively atmosphere and busy crowds are a number of risks that many owners and operators overlook until it’s too late. From fire hazards in the kitchen to liquor liability lawsuits, the realities of running a bar or tavern are far […]
Case Study: How Video Surveillance Helped Prevent a Costly General Liability Claim for a Dispensary
The Scenario A dispensary customer slipped and fell while exiting the premises, resulting in a broken arm. Incidents like these often lead to costly bodily injury claims, even when a business takes every precaution to maintain a safe environment. However, this case highlights how proactive risk management, specifically security measures like video surveillance, can make […]
Winter Risk Management: Snow and Ice Removal for Businesses
Winter weather brings safety and financial risks. A structured snow removal plan keeps your business accessible, safe, and legally protected. Your plan should: Assign clear responsibility for snow and ice removal. Outline communication with employees and contractors. List required tools, materials, and equipment. Maintain a snow and ice removal log for liability protection. Effective […]
St. Patrick’s Day Tips To Limit Your Liability Risks
Liquor liability is one of the biggest exposures for a liquor licensee. The Michigan Dram Shop Act is the exclusive remedy for someone who brings a claim against a liquor licensee stemming from the selling, giving, or furnishing of alcohol. In order to be liable under the act, a claimant would have to prove damages […]