Most cannabis cultivation centers as well as some retail outposts will have one or more forklifts to aid in material management. Forklifts are extremely valuable in the movement of supplies and pallets. However, they can also be extremely dangerous. According to the U.S. Bureau of Labor Statistics, approximately 87 people…

When a college team has an unexpectedly successful season, it’s usually a cause for celebration. But it may create a budget headache for athletic departments — having to pay coaches’ bonuses that may not have been fully accounted for in budgeting. Budget planning for salaries and bonuses can be difficult…

A big risk for businesses in the fast-growing cannabis industry is that very few understand the risks, meaning your insurance coverage is probably woefully inadequate. Are you prepared to see all your hard work go up in smoke? Here’s a case in point. Our first order of business with one…

Student travel programs can open a world of opportunities for students’ personal and educational growth. However, such programs bring risk to the institutions sponsoring them. Students can experience medical emergencies, crime or other situations that could result in liability issues for the schools behind the program. For example, in one…

The changes in the labor market due to the COVID-19 pandemic has affected all industries, cannabis included. In 2021, 47 million workers voluntarily left their jobs1 and nearly half of small businesses are experiencing worker shortages. About 43% of workers who quit their jobs cited inadequate benefits as a factor in their decision. Among workers who cited benefits as a top concern, more than three-quarters said retirement plans are a “must-have” benefit.

roperty insurance rates continue to rise across the board, but for high net worth homes, the marketplace is the hardest one in decades. Capacity is shrinking, and fewer carriers are willing to accept the risk of insuring high-dollar properties in catastrophe-exposed areas. In 2022, several large carriers that insured multi-million-dollar…

The Ukraine-Russia war has brought the concept of war exclusions into relief. Most policies include war exclusion clauses, and the conflict is undoubtedly affecting coverages. — A war exclusion clause is found in most insurance policies. It specifically excludes coverage for acts of war, such as invasions, insurrections, revolutions, military coups and terrorism. The definition of war can also apply to damages sustained in locations that are not located in the countries of war. These types…

Why is pay transparency important? The practice helps ensure fair pay, attract and retain qualified employees, improve morale and shape organizational culture. “Pay transparency” has come to mean the degree to which employers are open about employees’ compensation: what, why, the means which and how much employees are compensated.1 Measuring…

These days, it’s unusual to find employers that don’t offer employee health and wellness programs for everything from weight loss and overall fitness programs to biometric screenings, smoking cessation, and chronic disease management and prevention. But do they improve employee health and job performance while reducing absenteeism and healthcare spending…