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You have established your marijuana business or dispensary.  You have worked with a specialized insurance professional and crafted a specific cannabis insurance program.  What can you do now to make sure you are controlling risk and premium in your organization?

We often work with our clients on the concept of “Total Cost of Risk.”  So many business owners and even a large percentage of insurance professionals focus on one strategy to address their Total Cost of Risk, the financing of your risk.  This is simply the process of purchasing insurance.  It is

Last week we covered the basics of buying insurance for a marijuana business in Massachusetts.  This week, we’ll take a deeper dive into some of the risks we think you should be concerned about in your medical or recreational cannabis operation.

Let’s start with a review of the marketplace as a whole.  As long as Marijuana remains a Schedule I drug and federally illegal, the admitted insurance marketplace will not provide coverage for cannabis businesses or cannabis related entities.  That means the brands that we are familiar with are not going

You have spent months, maybe even years wading through the Massachusetts medical & recreational regulations.  You have met all of the requirements.  You have secured your investors.  You have your licenses.  You have found your new location to call home.  Now, you need to buy some security: commercial insurance for your marijuana business!

Whether you have been running businesses for years or this is your first, there is plenty of complexity surrounding Marijuana in Massachusetts.  You need to find a partner who will help you navigate through the uncertainty, work with

This week we are pleased to share a blog written by a longtime friend of the agency, Seth Denson of GDP Advisors out of McKinney, TX.  Tom Rogers, FBinsure’s SVP of Sales, took a few moments to share his thoughts about our guest blogger and his partner John Powter, both of whom have been business resources and friends to Tom for some time.

Tom Rogers: “I found in my career that the more I surround myself with really talented people, the better off I will be.  We have tried to live by

What if?  These words are impacting the landscape of today’s insurance brokerages.  Faced with challenges from a myriad of angles, “What if,” is shaping the direction of insurance company pressures, client expectations, and the technological and procedural evolution of today’s broker.

What if is a question so much easier asked today than it was 20 years ago.  Just go right ahead and type “What if…,” into your Google machine and you will receive a seemingly limitless (about 4,300,000,000 results) amount of fact and opinion guiding you to the inevitable destination your question

With any new year or milestone, I am always energized by the psychological impact of starting fresh.  “What do I want to accomplish next?”  That’s a list that never seems to end.  “What would I like to repeat?”  There are some of these.  “What do I want to make sure I never do again?”  There are a few of these, too.  I also find it is a great time to reflect.  As each year passes I have more to reflect on, more to learn from, and the perspective that only

That’s our not so new tagline that we developed two years ago in our transition from Farrell Backlund to FBinsure.  Prior to our re-brand, it was “Above & Beyond”.  That was put in place in 1999.  I think it not only served us well, but really defined our service standards.

Beyond Insuring…..Ensuring is meant to be an extension of our “Above & Beyond” mentality.  We worked hard to capture that same mentality of striving to exceed service expectations as we always have.  But, what does “Beyond Insuring…Ensuring” really mean?

We “insure” our

I seem to be having the same conversation over and over again these days.  I have had it before.  I have had it in some pockets of industries all along.  Today, I seem to be having it with everyone I meet.  “I just can’t find good help!”

“I just can’t find good help!”

I know the feeling!  I don’t want to turn this into a hiring discussion for the insurance industry, but what we have experienced is no different than the conversations I have had in contracting, manufacturing, distribution, healthcare, etc.  This

I remember a conversation I had about 10 years ago with a successful business owner.  I remember this gentleman fondly.  He took the time to help mentor a young and eager insurance professional.  He shared great stories with me and often a 15 minute meeting could turn into hours of laughter, sharing of failures and successes, and pearls of wisdom.

One day I asked him a question that concerned the risk manager in me.  It was a question I don’t think many insurance professionals ask.  “What is your exit strategy?”  His

We have heard from employers time and time again when they begin discussing Workers’ Compensation that “There’s nothing you can do about it”, “Here in Massachusetts the rates are set by the state”, “It’s out of our control”.  Well nothing could be further from the truth.  There is something you can do about it.  First you need to find a good broker who has expertise specific to the workers’ compensation injury.  In the absence of a good broker, find a consultant who is willing to come in and work with