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Worker’s Compensation Provides Relief To Cannabis Employees and Employers

Cannabis related businesses are becoming more common as each state passes some form of legalization. The marijuana industry faces it’s own special set of regulatory concerns due to the Schedule I status of the marijuana plant. While the cannabis industry does have special circumstances and restrictions, it does share commonalities with other traditional business models. One of those commonalities is worker’s compensation laws. All states have some form of worker’s compensation requirement and cannabis related businesses must comply with these requirements like any other business.

S2S Insurance, Eric Rahn, Workers compensation, dispensary insurance, cannabis insurance specialistWorker’s compensation, often referred to as worker’s comp, is a state-mandated program required by law to make payments to an employee who is injured or disabled in connection with his or her employment. Each individual state has its own individual worker’s compensation insurance program. Not all states require businesses to carry worker’s compensation insurance, but it is an option. The coverage also benefits employers because the coverage insulates businesses from the possibility of paying out large damage awards to injured employees in civil actions. Depending on the state, the employee may be entitled to medical benefits, temporary total disability benefits, permanent partial disability, permanent total disability benefits, death benefits, and funeral benefits.

The horrific death of Carlos Gabrielli on a Westerleigh construction site should shock us all to the core. His throat slashed by an electrical saw after a slip and fall, he died in an ambulance after his coworkers frantically tried to stanch the bleeding with the shirts off their backs in the immediate aftermath of the gruesome accident.

As the Advance notes in its coverage, this was only the second of three dreadful workplace accidents in Staten Island last week. One day later, a crane collapsed at the construction site of a new Amazon warehouse in Rosebank. One worker’s leg reportedly “snapped in half.” Three days before that, a 25-year-old electrician was knocked unconscious at a construction site in Bloomfield after a small panel explosion exposed him to a 500 volt arc of electricity.

These kinds of workplace accidents, unfortunately, are not rare. On average, 13 workers die on the job every day in this country. Most of these deaths are completely preventable.

S2S Insurance, marijuana insurance, cannabis testing lab insurance, marijuana doctor insuranceThe worker’s compensation system allows your employees to be better employees, and if frees you up as the employer from concerns about facing lawsuits brought by injured employees. Even if the employee is negligent and somehow causes their own injury,  they are still entitled to worker’s compensation benefits. S2S Insurance will always advocate for employers providing safe working conditions for their employees’ well being and also to help minimize risk for the employer. Accidents do happen at the work place, and when they do, S2S Insurance can have you as an employer prepared with a worker’s compensation insurance policy. If you don’t know your state’s policies regarding worker’s compensation or how your marijuana related business could be impacted, reach out to S2S Insurance and we can help you take a look at your potential risks. “Your insurance specialist should be a key advisor to your business, just as your accountant and your attorney”-Eric Rahn of S2S Insurance. 

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Product Liability Insurance Protects When Products Attack

As a cannabis business owner that sells a product, there is a risk of being sued because of that marijuana consumption product you provide can be faulty or malfunction, in which case product liability insurance becomes a necessity. Cannabis business owners, just like traditional business owners, can be sued by others for any damage resulting from use of their products. Eric Rahn is an experienced insurance broker for S2S Insurance and explains product liability insurance this way, “Are you covered if you have a product defect? Can you afford to cover a large financial loss? That is what product liability insurance is for”. S2S Insurance provides cannabis product liability insurance and insurance for the marijuana industry, paraphernalia industry and hemp insurance.

Product liability insurance pays for your damages and legal expenses if you are sued up to your policy limits. You liability policy will also pay for medical fees of others who are harmed by your business. At S2S Insurance we view product liability insurance as an extra layer of protection when it comes to your cannabis related product line. As regulation of the cannabis industry increases, better standards of care will be put in place that can help reduce risk to the general public. At S2S Insurance we believe that a similar level of protection should be in place for business owners in case there is ever an issue with their product.

Bayer shares plunged Monday after subsidiary Monsanto suffered a huge blow last week following a jury awarding a California groundskeeper $289.2 million in a landmark lawsuit claiming the company’s weed killer Roundup causes cancer.

A California jury concluded the Monsanto’s Roundup and Ranger Pro products presented a “substantial danger” to terminally ill 46-year-old Dewayne “Lee” Johnson, who became sick with non-Hodgkin lymphoma after using the spray for more than two years as a groundskeeper for a school district outside San Francisco. Jurors believed the company knew or should have known about the potential risks the products posed.

Aaron Johnson, a 48-year-old former macadamia nut field manager, who was diagnosed with non-Hodgkin lymphoma in 2014, is looking to sue the agrochemical company next, after he says he got the disease from using its weed killers for more than 12 years.

S2S Insurance provides cannabis product liability insurance and insurance for the marijuana industry, paraphernalia industry and hemp insurance.Product liability law suits can be time consuming and expensive. In the case of Bayer and Monsanto the damages awarded were $289 million for a single plaintiff, with others waiting on deck to sue as well. As a cannabis related business owner depending on the size of your company and the severity of the damages caused, you typically would not see such a large damage award, but an award in the tens of thousands or even hundreds of thousands is very possible. Even the most successful businesses may have trouble carrying the financial burden of a large product liability damage award. The good news is that with the help of a S2S Insurance agent, the right policy will cover the damages and legal fees up to the policy limit. Keep in mind that each policy has a max amount that it will pay out for a claim so you should review your policy with not only your S2S Insurance agent, but also your legal counsel. Contact us for a product liability insurance quote today and protect your business.

read more at foxbusiness.com

Cannabis Product Liability Can Save Your Cannabis Related Business

Marijuana advocates have been championing the benefits of cannabis for decades. As cannabis and marijuana related products come more into the mainstream, greater attention is being paid to the effects these products have on people. Prior to legalization if a person smoked a bad strain of weed, they would find a new dealer or take a long break before going back to the same person that provided the bad weed. There was little if any recourse if the product purchased on the street had unwanted effects. Now that states have taken the initiative to legalize marijuana in various formats across the country new remedies have been made available to those negatively impacted by the products they now purchase legally.

S2S Insurance, product liability insurance, cannabis business insurance, weed industry, medical marijuana

Cannabis product liability insurance could be the difference between saving your cannabis related business or having to close your doors. As a business owner, you can be sued by others for any damage resulting from the negligence of your business products that cause harm to others such as a defective product. This is a far cry from the days of just finding a new dealer. Product liability insurance pays for your damages and legal expenses if you are sued, and will also pay for medical fees of others who are harmed by your business.

Drug recalls do not happen often, but they do happen. These are a few of the worst:

Baycol – After four years on the market this drug, prescribed to patients with high cholesterol, was recalled by Bayer, its manufacturer. The drug reportedly caused more than 100,000 deaths and was connected to a muscle disorder that caused the kidneys to clog with protein from dying or dead muscle tissue. Vioxx – Manufactured by Merck, the recall of this arthritis pain reliever was one of the largest prescription recalls in history. As many as 140,000 people suffered from heart attacks or strokes after taking this drug. Bextra – Created to treat arthritis and other inflammation in the body, this drug was recalled by Pfizer after it was on the market for one year. It was associated with an increased risk of heart attack and stroke in some patients and was also found to cause a fatal skin condition.

S2S Insurance, product recall, product liability insurance, cannabis business insurance, marijuana crop insurance

The financial impact of a cannabis product liability suit reaches beyond damages and medical bills. This type of scenario can lead to a product recall, product inventory may have to be removed from shelves, and all of this comes at the expense of the cannabis business owner. Anytime there is conversation about damages and liability, there must be a conversation about attorneys and legal fees. While every business owner works to avoid these situations, they do occur and they can be very costly. Many if not all of these expenses and costs can be covered by a cannabis product liability insurance policy, but understand that policy limits do apply. It is important to review your policy with an experienced insurance agent and your attorney. Contact S2S Insurance today to review your risk management options.

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