Navigating Your Next Steps Navigating Your Next Steps HUB construction insurance, risk management and employee benefits HUB cannabis specialists will work with you to develop a tailored strategy specialists will work with you to develop a tailored strategy that will protect that will protect the bottom line, support your workforce and build the bottom line, support your workforce and build resiliency for 2025. Here resiliency for 2025. Here are some initial considerations: are some initial considerations: With an uptick in significant weather events across the Focus on Making risk management a pillar of your organization’s culture country and a challenging economic climate, many cannabis strategically can help identify exposures and develop response plans in case Develop a companies aren’t equipped to fund adequate insurance 1 financing of any type of incident, whether that is a weather-related event, 1 comprehensive protection. Conduct a deep analysis of exposures with your your risk. a threat of physical safety or a cyberattack. Make sure your risk plan. broker and strategically finance that risk to build resiliency. broker understands how to approach risk and can identify gaps in insurance that could disrupt your daily operations. Offer benefits your employees want to stand out from the To compete for a shrinking pool of skilled labor, personalized benefits Rethink competition with a Quality Employee Experience (QEX). With Create a based on HUB Workforce Persona Analysis and data analytics can 2 your benefits data analytics, you can offer a competitive — and personalized — personalized help your company differentiate itself from the competition. Creating 2 strategy. benefits package to the workforce that promotes engagement, benefits a quality employee experience (QEX) will boost engagement, improve recruiting and retention. strategy. recruitment and retention and promote worker wellbeing Adding a new, related cannabis product to your product line Remain Safety is already the focal point of your operation, but with Do your due makes sense as markets remain saturated with competition. focused on an influx of new and less-experienced workers, injury risks 3 diligence before But a new cannabis product launch carries risks unique to the 3 workplace increase. Work with a risk professional to review your safety expanding. industry. Work with your broker to understand the regulatory safety. program at least annually and address any issues. issues relating to an expansion and the additional risk it presents. Consistent communication with your broker will help you Stay in contact with your broker and let them know about identify and mitigate issues in advance of your next renewal Be transparent changes to the business to eliminate surprises at renewal. Be transparent and position your company in the best light. Review exposures with your Review exposures and insurance needs at least 90 days prior 4 with your and insurance needs at least 90 days prior to policy renewal to 4 broker. to policy renewal to allow your broker to find the optimal broker. allow your broker to find the optimal mix of coverage for your coverages for your organization. business needs. 7 7