Vermont (/vərˈmɒnt, vɜːr-/ ( listen))[a] is a state in the New England region of the northeastern United States. It borders the U.S. states of Massachusetts to the south, New Hampshire to the east and New York to the west, and the Canadian province of Quebec to the north. Lake Champlain forms half of Vermont’s western border with New York. The Green Mountains run north-south for the length of the state.
Vermont is the second smallest by population and the sixth smallest by area of the 50 U.S. states. The state capital is Montpelier, the least populous state capital in the United States. The most populous city, Burlington, is the least populous city to be the most populous city in a state. As of 2015, Vermont was the leading producer of maple syrup in the United States. It was ranked as the safest state in the country in 2016.
The short answer is “to protect your investment.” A fire or break-in could put you out of business for an extended time, or even permanently. How quickly could you re-open without insurance to cover a significant loss?
Nine Point Strategies is a specialty division of Stratton Agency, Inc. located in San Carlos, CA. Stratton Agency has been a leading provider of Insurance & Risk Management Services since 1914 and has emerged as a leading brokerage for specialty insurance placement. As a proud recipient of the Best Practices Designation by the Independent Insurance Agent & Brokers Association (IIABA) since 2009, you can be confident that you are working with a success partner that knows what it is like to be on the Top Shelf of what we do.
- General liability with limits up to $1M per occurrence, $2M aggregate
- Crop loss resulting from four physical perils: fire, theft, wind and hail
- Equipment breakdown covering loss of income resulting from malfunction, utility interruption, and more
- Business personal property such as lights, fans, RO and air filtration systems, security equipment
- Tenant improvements such as room buildout, HVAC and other electrical upgrades
- Product liability with limits matching the general liability
A comprehensive risk management program begins with a General Liability policy to protect your business against lawsuits for bodily injury and property damage to others. Contact one of our agents for a no-obligation policy review to make sure you have the coverage you need.
Another fundamental coverage is Property insurance. We provide coverage against loss from fire, theft and vandalism, protecting your investment in buildings and tenant improvements, business personal property, manufacturing equipment, inventory, crop and finished stock. Call us to discuss your Property coverage requirements.
Crop coverage is available for indoor and greenhouse grows to protect you against loss from the physical perils of Fire, Theft, Wind and Hail. For full-spectrum coverage inquire about combining Crop with Business Income and Equipment Breakdown for a complete property protection solution.
All manufacturers need a product liability policy, as a general liability policy does not protect against lawsuits filed by someone alleging harm from a product sold to them. Premiums are reasonable, especially considering the alternative: finding an attorney, paying their retainer and then watching the meter run. A better way to manage this risk is to have a product liability policy providing you with the carrier’s “duty to defend”. Given the carrier’s desire not to be found liable, a policyholder can count on a vigorous defense.
The law assumes “strict liability” for the entire chain of distribution, from the maker, to the test lab, to the retailer. And as we have seen, it is easy for people, especially naïve users, to over-consume edibles, which can easily give rise to a claim.
And while it may be true that “cannabis never killed anyone”, that doesn’t prevent people from filing suit alleging harm, in which case all parties named in the legal action will have to appear in court.
We understand that these are uncomfortable considerations, but it’s our responsibility to inform our clients so they know how to manage these risks and avoid a catastrophic loss to their business.
Nine Point Strategies knows Workers Compensation, and we understand that working with cannabis poses no greater risk to employees than most other products. Clients use our CompShield program’s systematic claims process and our in-house Safety Department to help reduce their Work Comp costs.
Helping employers with employee issues is our specialty. Whether you need an employee handbook, training or assistance with employer relations, Nine Point Strategies can help. Our experienced staff of HR professionals are ready to assist you with all your employee relation needs. From development to your cannabis operations employee handbook to consulting on harassment claims brought to you by employees, Nine Point is ready to join your team and get to work.
Employee safety and OSHA compliance is one of our specialties at Nine Point Strategies. Our experienced staff of OSHA professionals are ready to assist you with all your safety needs including all legally required programs and trainings. From development of your cannabis operations Illness and Injury Prevention Program to consulting on workers compensation claims brought to you by employees, Nine Point is ready to join your team and get to work.