What Exactly Is Cannabis Insurance?

Cannabis insurance is a subcategory of small company insurance for cannabis that was developed to specifically handle the risks connected with running a cannabis-related firm. This includes work-related accidents, injuries sustained by other individuals, failed crops, and break-ins.

Who Needs To Have Cannabis Insurance Coverage?

Cannabis covered by insurance might be useful for companies like these:

• Cannabis cultivators
• Transportation and distribution services for cannabis
• Retail outlets for marijuana
• Manufacturers of cannabis
• Cannabidiol (or weed) retailers and distributors
• Retail locations specializing in hydroponics
• Physicians that specialize in medicinal marijuana
• Facilities for scientific experimentation

There also raises a question: does insurance cover medical cannabis? Most public or private health insurance plans do not cover medical marijuana or doctor recommendations. This is because, even though some states have passed laws that make using marijuana less of a crime, federal law still considers it as a violation particularly under the Controlled Substances Act of 1970.

The Importance Of Insurance For The Cannabis Industry

The remarkable rise of the cannabis business in the United States may be put in context by looking at its earlier years. The firms that supply the market and the United States economy have profited enormously from this unparalleled success, yet, it has also presented several new obstacles. When there is a simultaneous increase in the number of cannabis users, the number of cannabis enterprises, and the number of laws, it will be more difficult for businesses to manage their risk exposure effectively.

There are several challenges that cannabis businesses might face, such as maintaining compliance to keep their license to operate, reducing the number of claims that customers who have used their products make against the company, and the possibility of financial loss as a result of theft or natural disasters. If your organization does not have the appropriate safeguards, it might sustain significant damage if any of these things go wrong. Thus, a sector or company can only prepare for long-term success if they have access to sufficient instruments for risk management.

Businesses operating in this sector of the cannabis industry require individualized methods of risk management to be successful because of the unique difficulties and dangers involved with the legal cannabis market. You must have a solid understanding of the particular insurance needs specific to the sector, in addition to the particular cannabis and insurance requirements specific to your own cannabis organizations.

The Role Of Technology In The Cannabis Industry

To remain competitive in the cannabis and hemp industries, all permitted businesses must invest in various technology forms. Because items used for medicinal and recreational purposes must be monitored from their origin by state regulatory bodies, seed-to-sale technology is necessary for every state. 

A wide array of commercial processes, such as wholesale platforms, loyalty programs, advertising, point-of-sale systems, and even staff training, all involve technology, most commonly in software. Because of the essential nature of software and how it is utilized, a wide range of concerns can be alleviated by purchasing insurance against technological mistakes and omissions as well as cyber liability insurance.

Options For Comprehensive Coverage

The owners of cannabis businesses have access to potentially a wide variety of insurance coverage. Why? Because there are so many kinds of businesses, more than one overarching policy might be required. A marijuana store, for instance, would not qualify as an agricultural business and hence would not be eligible for cannabis crop insurance. However, marijuana growers should think about purchasing crop insurance.

There are several different approaches to all-encompassing protection, including:

• Cannabis auto insurance for cannabis companies
• Cannabis cargo insurance
• Crop and property protection
• Cannabis product insurance
• General responsibility
• Compensation for employees
• Coverage for equipment breakdown
• Reliable cannabis insurance services

If you live in or manage a business in a state that has just legalized the use of marijuana, you might find it difficult to establish how you should insure your firm. This is especially true in states where marijuana usage is still illegal. It is essential to do some comparison shopping to find a reliable marijuana insurance company if you want to be sufficiently insured. Check the company's reputation in general, as well as its trustworthiness inside the cannabis sector.

Talk to cannabis insurance agents who know how to become a cannabis insurance agent to get an idea of how they may assist you. Make sure the person understands what you are saying and can answer acceptably. Follow your instincts, and if they take you on the wrong path, keep looking until you discover the best insurance company covering marijuana use.

Different results come up on search engines when searching for cannabis insurance California or cannabis insurance Massachusetts for general liability, product liability, and a variety of other important types of insurance policies to keep your cannabis business protected. You can also find CBD Oil and cannabis shop insurance in Austin and San Antonio, and surrounding areas.

Business Liability Insurance

If an accident causes someone injury or damages their property, having cannabis general liability insurance for cannabis business can protect you from facing legal repercussions (not including your employees). As a consequence of accident litigation, it will pay for your legal defense and any verdicts, settlements, and monetary losses you sustain as a result of the action. For instance, if a client visits your dispensary and has bodily injury, such as a sprained wrist slipping on a damp floor, your general liability insurance for the cannabis business will pay for the customer's medical treatment costs.

Insurance Coverage For Business Properties

Whether you own or lease commercial property for your cannabis business, it is highly recommended that you obtain commercial property insurance to safeguard your facilities and commodities from the physical damage caused by calamities such as fires, storms, vandalism, and theft. This includes everything from stock, equipment, supplies, furniture, technological devices, and crucial data.

Insurance Against The Disruption Of Business

If you have to temporarily close your cannabis business due to an insured incident, having business interruption insurance will assist you in making up for revenue that was lost. Coverage under this policy—also known as "business income insurance"—extends to things like fires, wind damage, lost money from damaged goods, lost profits, and the cost of temporarily relocating to a new location. Additionally, this coverage will pay for temporarily relocating to a new location.

Various Alternatives For Cannabis-Related Small Businesses Seeking Insurance

Cannabis Crops Insurance Coverage

Does insurance cover cannabis? You may have peace of mind in the knowledge that your cannabis crop is protected from seed to fully processed, harvested, and ready-to-sell flowers or buds at any stage of the cultivation process if you have cannabis grow insurance. Here, crop insurance can assist in lessening the financial impact on your company if your cannabis crops are damaged or destroyed due to a covered risk like extreme weather, a fire, theft, or a mistake made by an employee.

Cannabis Transportation Insurance

You must carry cannabis business auto insurance if you or any of your workers use a car for business activities, such as delivering cannabis, tools, or supplies. You are not permitted to use the coverage on your personal automobile insurance policy for commercial reasons.

Insurance For Equipment Breakdown

Your cannabis company's equipment and machinery could become inoperable for several reasons, including electrical shorts, mechanical failures, motor burnout, and power surges. Purchasing equipment breakdown insurance could assist in covering the costs of repairing or replacing the inoperable machinery or equipment.

Cargo Insurance For Cannabis

If something were to happen to your cannabis crop or products while they were being transported, you would be compensated for the losses by your cannabis cargo insurance policy. You might ask yourself, is cannabis covered by insurance? 

If the cannabis supply of a facility is stolen while it is being transported, for example, the owner of the facility will need to claim with their cannabis cargo insurer. In the same circumstances, the dispensary can lose money and will need to buy new supplies to replace those that were stolen.

Insurance For Product Liability

Suppose a customer makes improper use of your goods, and another person sustains injuries as a consequence. In that case, your cannabis product liability insurance will cover the expenses of defending you in court. If a client used too much of your cannabis goods and then sued you for damages because they became ill due to taking more than the prescribed dosage, this is an instance in which product liability insurance may prove useful.

Bonds Of Surety

The posting of surety bonds is a requirement in several states for cannabis businesses. This is done to safeguard customers and ensure that firms operate within the law.

Cannabis Exclusion Insurance

Concerns have been raised about the potential for cannabis-related businesses to suffer significant financial losses due to the restriction of their goods from being covered by ordinary insurance plans. As more states pass legislation to decriminalize cannabis for recreational and medical use, there has been an increase in the demand for insurance policies that specifically cover cannabis. Regular insurance policies may not protect growers, dispensaries, and other businesses involved in the cannabis sector. Nevertheless, this insurance policy is intended to bridge the coverage gap that such plans leave.

It is not uncommon for cannabis exclusion insurance to protect against emerging risks such as damage to property, theft, and legal liability. This sort of insurance can assist in covering the expenses of lost revenue and business interruption if a company is forced to shut down due to legal or regulatory compliance concerns. One of the primary advantages of cannabis business exclusion insurance is that it protects policyholders against incurring monetary losses due to the industry's inability to get standard insurance coverage.

Cannabis Club Insurance

You have finally achieved your goal of creating the cannabis lounge, club, or cafe of your dreams. You have recruited a competent interior designer, crafted the appropriate mood and setting, secured the newest band or the funniest comedian, and marketed the opening. You have undoubtedly discussed health inspections, building inspections, recruiting workers, and other important issues shared by other property owners and operators.

These worries include the following: You, as the owner of a cannabis club or café, should also consider the kind of insurance that would be most beneficial to you in the long run. The cannabis industry, and in particular clubs that cater to cannabis events and entertainment, is supervised by stringent restrictions that must be fulfilled.

This is in contrast to other types of lounges or cafes, such as those where commodities like alcohol or even coffee are the main attraction. Purchasing cannabis lounge insurance is smart if you own or manage a cannabis lounge or club since it will provide you with a sense of security and peace of mind.

Local Laws Matter

Cannabis insurance Nevada, as well as cannabis insurance Flossmoor, cannabis insurance Illinois, are just some examples where cannabis policies can be purchased since cannabis is permitted either for recreational or medical purposes. This helps businesses operating in these areas find relief from the financial stress that might result from several different kinds of damages. Several different types of insurance policies, including general liability insurance, cannabis liability insurance, crop and inventory stock insurance, commercial vehicle insurance, cannabis crime insurance, and so on, are typical insurance policies that they offer to their customers.

Businesses that deal in cannabis are normally required to offer workers' compensation. Most businesses in Massachusetts that have staff members are required to get this offered by cannabis insurance Massachusetts (cannabis insurance Ma). Cannabis insurance jobs is a form of insurance that provides financial assistance to employees who become ill or injured on the job.

Either workers' compensation insurance in conjunction with coverage for a cannabis business or workers' compensation insurance on its own can be acquired. It is not difficult to acquire workers' compensation insurance, and any insurance agent who is experienced with cannabis insurance companies also cannabis insurance canada should be able to assist you with acquiring your policy.

Venbrook Insurance 

Venbrook Insurance Services is an insurance agency that focuses on the cannabis industry and offers policies tailored to its unique needs.

Venbrook offers a variety of coverage options and solutions to address the unique dangers and challenges faced by the Cannabis industry:

• General Liability – Liability protection is among the most crucial. It insures against claims of physical harm or property destruction caused by cannabis use or distribution.
• Product Liability - Venbrook provides product liability insurance, which can shield companies from lawsuits over product safety and quality. 
• Property Insurance - It also offers property insurance, which is a crucial service. It provides coverage for buildings, machinery, and inventory , as well as protection against theft and damage while in transit or storage.
• Business Interruption - Business interruption insurance  may be useful for keeping companies afloat in the event of a disruption to their operations
• Crop Insurance - Growers of cannabis can also get specialized coverage from Venbrook. Coverage for crop failure and damage from pests and diseases are both options for crop protection. The group also protects greenhouse and indoor growing operations, including machinery and structures.

What Should You Know About Venbrook?

Insurance and risk management are only two of the many services that Venbrook provides to its customers. The provision of tailored solutions to challenges in fields as varied as the healthcare industry, the energy industry, and the financial sector is among the areas where the company's competence rests. Their website provides information on various services, including but not limited to insurance program design and administration, risk financing, and claims advocacy.

Venbrook’s staff is comprised of risk management professionals, business advisors, and specialists with vast experience working in the insurance sector and whose credentials are emphasized in their respective fields of expertise. Overall, Venbrook is a well-established company that provides its customers with seasoned support in risk management and property protection.

Protect Your Business

Venbrook insurance professionals average more than 40 years of expertise in the insurance industry, which provides them with the deep knowledge, resources, and carrier relationships necessary to provide insurance for the intricate cannabis operations sector. 

They are professionals at providing you with the coverage you need at a price you can afford, whether you need it for a medical or recreational cannabis company, a dispensary, or a cultivator and manufacturer. They can get you the coverage you need at an affordable price.

One-Stop Shop for Cannabis Insurance

Venbrook secures the most competitive policies for various types of insurance. While some types of policies can be offered to any business, it is particularly difficult to find a one-stop shop for all your cannabis insurance needs. While Venbrook is headquartered in Southern California, they also focus on other states that have legalized cannabis for medical or recreational use, but they serve customers throughout the country.

Wide Range Of Insurance Solutions

As a specialized insurer, Venbrook provides coverage options for companies involved in the cannabis industry. The business offers several cannabis insurance programs, including those covering general liability, product liability, crop insurance, and worker's compensation. Such policies, including liability insurance, allow cannabis businesses to lessen the likelihood of a lawsuit or a liability from a lawsuit when their activities or goods may have been responsible for bodily harm or property damage sustained by a third party in a high-risk industry like cannabis.

Cannabis companies cannot afford to forgo the protection because of the potentially impact that legal disputes, risks, and high costs may have on your operations. As an additional service, Venbrook offers crop insurance for cannabis growers. With this coverage, farmers have a better chance of avoiding financial devastation caused by unexpected factors like weather, pests, and other surprises. It is possible that cannabis producers may find this method of cost recovery useful, which would assist them in continuing to run their businesses.

On the Job Insurance Protection

Workers' compensation coverage can also be purchased through Venbrook. This insurance protects workers who experience accidents or illnesses while doing their jobs. Without this coverage, businesses in the cannabis sector cannot afford to risk incurring the substantial legal and other expenditures involved with workplace accidents.

In a nutshell, Venbrook offers a wide variety of insurance alternatives that may be specifically customized to meet the demands that are specific to the cannabis sector. Cannabis companies can have the peace of mind in the case of a catastrophe since they are insured against several risks and have the resources necessary to rehabilitate and get back to work quickly.

The Evolving State Of Cannabis Businesses 

When looking for marijuana insurance goods, why should you choose Venbrook’s marijuana insurance program instead of other options? To properly ensure the cannabis supply chain, specialized sector knowledge and experience in the changing regulatory and compliance landscape is required. Because the cannabis industry is still in its infancy, it can be challenging to get reliable coverage for companies in this sector.

Venbrook has relationships with a portfolio of reliable national cannabis insurers who are prepared to offer coverage for your company, even though many large insurers are unwilling to do so. They have spent years honing their process, and as a result, they can present you with several different price alternatives in a fast and expedient manner.

Dispensaries

At any given moment, a dispensary runs the risk of being the victim of a break-in, act of vandalism, theft, or even a fire. You should get property, general, and cannabis dispensary insurance and other types of coverage for your assets if you want to reduce the risk associated with these dangers. Most dispensaries would have to raise more funding to reopen their doors following a natural disaster.

Producing Companies And Industrial Processors

The regulations and regulatory obligations that apply to other shops also apply to the companies that manufacture and distribute cannabis and hemp extracts and edible items. Venbrook is aware of the risks connected with these demands and offers its customers innovative insurance plans. Some examples of these policies are product liability and recall coverage.

Component Enterprises

Because they provide critical services to the legal marijuana sector, businesses such as hydroponic shops, testing laboratories, glass blowers, tobacco and head stores, producers of smoking equipment, and many more are all eligible for insurance coverage from Venbrook. They provide a wide range of insurance policies, such as protection against public and employee liability, cannabis property insurance, goods, and compensation for workers.

Landlords

Landlords in the cannabis sector are subject to a diverse array of risks and obstacles due to the nature of the business. They have successfully protected landlords' properties that lease space to cannabis facilities and other lawful enterprises, such as factories, warehouses, greenhouses, strip malls, and office buildings, among other types of commercial real estate.

Analytical Facilities

The number of local governments and state organizations committed to subjecting cannabis goods to stringent testing increases daily. Venbrook provides testing facilities with protection against financial and personal harm.

Medical Marijuana Physicians

Most cannabis health insurance policies won't cover a doctor's visit if the physician recommends an unapproved drug for the patient, such as medicinal marijuana. They provide specialist protection so that physicians do not have to face the possibility of medical malpractice lawsuits by themselves.

Marijuana Events

If you are a vendor or exhibitor at a medicinal or adult-use marijuana conference, the Venbrook cannabis insurance conference can cover you. Their cannabis event insurance covers a variety of contingencies, including the relocation of the event or its complete cancellation, as well as the provision of payment for products, drugs, and tools that are lost or destroyed.

The Benefits Of Employees And Their Compensation

In most states, having workers' compensation insurance is a legal requirement for any insurance cannabis business that employs one or more people (even if it just has one). Should your worker get ill or injured due to their job responsibilities, they are eligible to receive benefits through the workers' compensation program.

What Aspects Of Your Business Does Cannabis Insurance Not Protect?

The majority of the time, insurance coverage for cannabis firms does not extend to cover a diverse range of potential issues. Several examples include the following:

1. Dangers that are involved with the manufacture and sale of illegal marijuana.
2. The laws enacted by the federal government have caused financial hardship for individuals. Suppose the federal government executes a raid on your company and takes possession of your inventory, for example. In that case, you will not be paid for any damages incurred due to the raid.
3. Insects and mold, for example, are dangerous and a financial burden. Due to the fact that these threats are seen as a natural and unavoidable component of the total risk profile of cannabis production, crop insurance plans frequently exclude coverage for them.

Make Sure Your Company Has Cannabis Insurance

When you think about your marijuana business, insurance is probably not the first thing that comes to mind. But you should also consider what may occur if something goes wrong, such as a robbery, a fire, a cyberattack, or a legal dispute. You're in luck because several indications indicate this market will continue to expand. There is a possibility that certain insurance for cannabis companies may be ready to assume this risk on your behalf in exchange for a fee that is rather small.

Who Are Cannabis Insurance Consultants?

The growth and financial success of the cannabis industry make the employment of cannabis insurance professionals very necessary. Their knowledge and contacts enable cannabis firms to flourish in an industry that is always evolving. Working with cannabis insurance specialists may benefit those interested in launching or expanding a cannabis business but who do not have sufficient prior experience or industry-specific expertise. Those who work in the cannabis sector should ensure that they have adequate insurance to safeguard their assets and their reputations as professionals.

Cannabis Insurance Oklahoma

A rise in both cannabis sales and dispensaries may be traced back to the state's 2018 legalization of medical marijuana. Workers in the cannabis industry are more vulnerable to damage due to the industry's rapid expansion and the resulting rise in profits. The best way to protect yourself from the myriad risks that cannabis-related businesses face is to invest in comprehensive insurance. Insurance policies cover many different types of companies operating in the cannabis industry.

• Dealers and wholesalers
• Commercial spaces
• Dispensaries, cannabis-related research laboratories
• Increases in manufacturing and packaging facilities

D&O Insurance In The Cannabis Market

Due to variables such as the industry's relative youth, complicated regulatory framework, and investor relations, cannabis firms generally face greater risks and, in some cases, significantly higher than those faced by other businesses. Because of the difficult climate, cannabis firms may be exposed to a variety of risks, including the following:

• Many people are expecting a lot of money and there is little money available
• The federal legal status of cannabis
• There is a variety of commercial customs from state to state
• Inadequate protections against insolvency
• The number of mergers and acquisitions being made has grown
• Licensing regulations vary by state
• Local, state, and federal tax laws about cannabis

Businesses operating in the cannabis sector face a variety of obstacles, one of which is the requirement to safeguard their assets while at the same time filling managerial and executive positions with qualified candidates. Disputes such as shareholder conflicts, claims of mismanagement, and the activities of regulatory bodies have all contributed to an increase in the likelihood of legal action being taken. The executives and directors of cannabis enterprises put their companies and their jobs at risk whenever a legal challenge is brought against the company. By obtaining Directors & Officers (D&O) insurance, it is possible to reduce the likelihood of suffering financial losses.

Cannabis D&O insurance, also sometimes referred to as directors and officers liability insurance, protects a firm and its top brass from legal action filed by dissatisfied workers, suppliers, clients, or investors. In the event that an unjustifiable accusation or lawsuit is filed against a company, defense costs, legal fees, and settlements can rapidly pile up, but directors' and officers' liability insurance can assist in covering these costs. The D&O insurance policy does not cover any illegal actions.

How Much Does Cannabis Insurance Cost?

The total cost of insurance for your cannabis business will differ depending on several factors, including the size of your business, its yearly income, and the kind of protection you require. If something unfortunate occurs, you might be at risk if your policy does not cover everything.

Do Life Insurance Rates Change If You Use Medical Marijuana?

Even if a person has a marijuana use issue, they can still receive cannabis life insurance, even if the premiums may be more expensive. Utilization of marijuana for medical purposes may influence the cost of your life insurance cannabis premiums in a variety of ways.

1. Health conditions

It is more crucial for an insurance company to know the ailment that you are taking marijuana to cure than it is for the insurance company to know that you are using marijuana. For example, if you have a significant terminal disease like cancer, it may be difficult or even impossible to find coverage for your medical expenses. When deciding the amount of a person's life insurance premium, insurers look to the applicant's medical records to determine the severity of the applicant's previous problems (whether or not you use marijuana). The severity of your health issues will directly correlate to the amount you will pay in premiums for your life insurance policy.

2. Identifying different types of smokers

If you use marijuana, you will have a better chance of being accepted by insurance providers, but you will be required to pay the same premiums as smokers. Because applicants for medicinal marijuana are not always categorized as smokers by all insurance providers, they may not be subject to the same premiums as non-smokers. Especially if you wish to eat, drink, or otherwise consume cannabis other than through smoking it.

3. Frequency

The number of times per week or month that you use marijuana might potentially be a factor in determining the premium that you pay for health insurance. You might be able to pay the standard rate for the service if you don't use it frequently (or better). On the other hand, if you smoke marijuana regularly, you are almost certainly a high-risk smoker.

How Could Segmented Companies In The Cannabis Market Go About Acquiring Insurance?

The cannabis sector is extremely fragmented because of the possible financial gains that might accrue to corporations from doing so. However, this results in intricate insurance issues being brought to the forefront. Businesses operating in the cannabis sector should have tight cannabis insurance carrier relationships who know the field to evaluate the types of coverage they need. It's possible for an insurance professional to assess the requirements of specific businesses and then recommend appropriate coverage.

Do Subcontractors Have Access To Cannabis Business Insurance?

Subcontractors, legally regarded as separate enterprises, are often not covered by the liability insurance carried by their parent firms. This is because subcontractors typically work on their own. Subcontractors are frequently obliged to obtain insurance policies to protect themselves from risks. In some circumstances, however, companies can include their subcontractors as "additional insureds." There is a possibility that recognized subcontractors will benefit from this classification.

Are Cannabis Policies Expensive?

Plans oriented around cannabis might not be the most affordable option for business insurance. Still, they often offer a lot of bang for the buck in terms of coverage and benefits. Many owners of dispensaries are caught aback by the relatively low cost of insurance, especially considering the sense of security it gives them.

Premiums change according to the plan, as do the prices at different dispensaries. Owners of dispensaries can ask an independent firm to get a cannabis business insurance quote for policies to determine how much insurance will price coverage for their particular dispensary.

Does Health Insurance Cover Medical Cannabis?

The vast majority of public and commercial health insurance policies do not cover the use of medical marijuana or recommendations for its use. This is because marijuana is still considered illegal at the federal level, even in states where it is legal. But is medical cannabis covered by insurance?

As a general matter, neither the cost of medical appointments nor the cost of acquiring a medical marijuana card, nor the actual purchase of the substance, are covered by insurance. This includes the cost of the medication itself. On the other hand, this does not necessarily imply that the price of medicinal marijuana needs to shoot through the ceiling.

Cannabis Insurance Michigan Policies Are Available

The cannabis market is highly dynamic, and regulators have many different alternatives at their disposal to keep up with it. In addition, it is essential for your company to have a plan in place in the event that the unthinkable takes place; as a result, you need to safeguard it before the catastrophe takes place. The following are some of the essential alternatives that cannabis businesses in Michigan as an example have available to them:

• Insurance designed protection against common law obligations coverage
• Insurance for crops, inventory, and finished goods, as well as product liability Insurance
• Commercial auto insurance, etc.

The Bottom Line

Cannabis insurance is a subclass of small company insurance for cannabis that was established to address precisely the risks that are associated with running a cannabis-related business. Cannabis insurance is also known as "marijuana insurance." This covers incidents that occurred at work, injuries incurred by other people, failing harvests, and break-ins.

In order to better understand the meteoric ascent of the cannabis industry in the United States, it is helpful to examine the industry's formative years. The businesses that supply the market and the economy of the United States have reaped great benefits from this unprecedented success; despite this, it has also brought a number of new challenges for them to overcome. 

It will be increasingly difficult for businesses to adequately manage their risk exposure when there is a simultaneous increase in the number of cannabis users, the number of cannabis firms, and the number of regulations pertaining to cannabis. You can always be aware of everything if you check cannabis insurance news.

There are a number of challenges that cannabis businesses could potentially face, including the need to remain compliant in order to keep their license to operate, the need to reduce the number of claims that customers who have used the company's products make against the company, and the potential for monetary loss as a result of theft or natural disasters. If your company does not have the right safeguards in place, it is possible that it may suffer severe losses if any one of these things goes wrong. Therefore, in order for a sector or organization to prepare itself for long-term success, it must have access to an adequate number of risk management tools.

Disclaimer: This material is for informational purposes only and should not be relied on for legal, medical, financial, or any other form of professional advice.