Auto loss of use coverage: A common coverage gap your customers should know about!
When a covered loss requires a vehicle to be in the shop for repairs, many customers are unaware that their base policy won’t cover a rental car – and they find themselves in a bind, with no way to get to work or get the kids where they need to go.
***CANNABIS***CANNABIS***CANNABIS*** IMPORTANT! Business owners in CANNABIS industry!
California Cannabis Business Insurance Requirements:
Distributor license applicants must show a proof of insurance to the California Bureau of Cannabis Control
Commercial General Liability Insurance: Minimum $2,000,000, plus an amount no less than $1,000,000 for each loss
Insurance must be purchased from an insurer licensed to do business in California by the Secretary of State
$5,000 Bond is required by the state.
Marijuana distributors must notify the California Bureau of Cannabis Control of a lapse of insurance within ten business days
Those are the minimum liability requirements for California right now, but that will not truly protect your business. You will also likely need workers compensation insurance for your employees, crop insurance for your plants and vehicle insurance. Marijuana distributors are required under the new laws to have added layers of security for their business, so property insurance for your physical business space and security systems also makes sense.
YS Insurance team! Holiday Party! Thank you Maria and Guli!!! 🌸🌸🌸
80015 December, 2018
Many people got confuse with deadline for off exchange health insurance plans. Here are the dead lines as of this moment for plans that off market (not covered California): BlueShield 12/21/18 for January 1st effective date and 01/15/2019 for February 1st effective date
Kaiser 12/15/2018 for Jan 1st eff. date and 01/15/2019 for February 1st effective date
Oscar 12/31/2018 for Jan 1st eff. date and 01/31/2019 for February 1st effective date
HealthNet 12/21/18 for January 1st effective date and 01/15/2019 for February 1st effective date