What are the consequences of not disclosing all relevant information to my insurer?
AlphaRoot Team
Failing to disclose all relevant information to insurers can result in denied claims, policy cancellations, and potential legal action.
Related FAQs
What alternative financing options are available to cannabis businesses when traditional bank loans aren’t accessible?
AlphaRoot Team
Banks are wary of serving cannabis companies because the plant is federally illegal; as a result, most cannabis firms still operate largely with cash and struggle to access basic banking....
How can cannabis companies find secure and compliant payment processing services in a cash-heavy industry?
AlphaRoot Team
Because federal prohibition deters most banks, cannabis retailers often handle large amounts of cash, creating security risks. To accept large payments safely: • Work with a payment processor experienced in...
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Downsizing in Downturns, EPL Insurance Considerations
Whether because of layoffs or cutbacks, downsizing can quickly trigger employment-related issues. Here are some EPL considerations cannabis companies need to keep in mind. Read More
Risk Management Strategies for Cannabis Festivals and Events
Cannabis festivals have shifted from “underground” to being supported by corporate sponsors — but how do hosts ensure event success? Let’s talk about cannabis insurance. Read More
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