Inadequate pre-operational planning frequently results in major financial and time-related setbacks for cannabis businesses. Lack of planning also creates delays in resuming operations after a loss occurs and creates longer tails in payments for property claims. A Red Wolf Risk Assessment is designed to acquire knowledge of the risks of operating a cannabis business in a specific location. A Red Wolf Risk Assessment Report, unlike a common Property Inspection Report, not only seeks to uncover threats and perils associated with the property risks – but it is also designed to address the threats and perils associate with operating a licensed cannabis business.
Our Risk Assessments educates insurers, risk managers, and operators on cannabis risks and to empower them with the knowledge and resources to prevent or mitigate losses. Unknown risks of the property before the report will be identified along with guidance and best practices to secure the risks for both the cannabis entity and the insurance carrier. Clients and insurance carriers will have peace of mind and confidence that they understand the risks and hazards of the property with quality resources to manage those risks.
A Property Risk Assessment is an assessment of the site-related documentation and an onsite inspection, to review the greatest and most common risks specific to cannabis operations including cultivations, dispensaries, extraction, and manufacturing facilities.
· Fire
· Water
· Electrical
· HVAC
· Contamination Risk
· Workplace Hazards
· Security
· Equipment
A Property & Operational Risk Assessment is and property assessment (described above) with an operational assessment that reviews operation processes and control with an onsite inspection.
· Equipment Process Validation
· Business Continuity
· Document Management
· Supplier & Vendors
· Training & Business Communication
A Virtual Risk Assessment is an assessment of the site-related and operational documentation and information for retail and dispensaries. This assessment does not include the onsite inspection but will require scheduling of a call and or video conference with a key operational person from the facility.
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