Veracity Insurance Blog
Veracity's blog contains educational and informative articles about insurance.
CBD has made a splash in the market and it doesn’t look like the non-psychoactive cannabinoid is going to lose popularity any time soon (especially in the beauty and wellness market). According to the Brightfield GroupBrightfield Group, a data firm, they forecasted that CBD product revenue will grow to $23.7 billion by 2023 and is poised to exceed expectations over the next four years. Due to the CBD industry growing, people who are looking to build a CBD-based business can be confident in investing and running one due to the current report. However, there is a lot that can go wrong while running a CBD-based business, such as mislabeling or harsh allergic reactions. Every business owne Continue Reading
Utah-based Niche Program MGA, Veracity Insurance Solutions, Launches New Cannabis Insurance Program with Key Strategic Partner
For Immediate Release Pleasant Grove, UT—MGA wholesaler, Veracity Insurance Solutions, in collaboration with a global specialty lines re-insurer, and one of the top ten insurers in a reputable market, launched a new cannabis insurance program earlier this month. “Veracity has been highly involved in the product liability world for more than 15 years. We’re aware of the hurdles a cultivator faces because of new regulations, from ‘going straight’ to having to pay taxes,” Veracity CEO, Daryle Stafford says. “We know the difference between CBD and THC, and understand the turbulence involved while navigating state and federal laws. Your cannabis clients will be familiar with these challenges and your wholesale broker needs to keep up with this ever-changing coverage landscape.” Continue Reading
On May 8, 2019, we hosted our 3rd annual Tournament of Champions at TalonsCove Golf Course in Saratoga Springs, UT. We bonded as we played our ‘best ball’ tournament in the rain and drove our carts through mud puddles. All the while, it was a lot of fun. We appreciate all of you who came and spent the day with us. The success of this tournament wouldn’t be possible without our gracious sponsors. We’d like to thank each member of the community that supported us and helped make this event one of our largest successes of the year. Continue Reading
Veracity Insurance Solutions is the solution for any business’ product liability insurance needs. When a business is part of any step in the supply chain of a product—whether it be sales, distribution, installation, or manufacturing—they can be held liable for third-party liability claims. With many small businesses unaware of the importance of product liability, many are left exposed to the risks associated with their product. What these small business owners need is a risk management strategy that includes and emphasizes product liability. As an agent, it’s up to you to make sure that your clients are aware of the distinct importance of product liability since those policies are usually tied into a Commercial General Liability (CGL) policy. For this reason, we’ve compiled some information on product liability insurance and why Continue Reading
Brian Baer, a chemical engineer and founder of Zone Repellents shares his journey and inspirational story behind why and how he got his start in the insect repellent industry. Image Courtesy: Zone Repellants "As a chemical engineer I understand all of the chemical processes involved with creating this type of product, but more importantly—I’ve got children. We’re raising our kids in the South and the mosquito population there is massive. So, I began conducting research about people in other countries who are unable to provide protection for the children and families who are forced to live outside. As it turns out, globally there are millions of children who d Continue Reading