Cultivation - Indoor, Greenhouse & Outdoor:
Whether you cultivate cannabis indoors, outdoors, or inside a greenhouse your insurance program will be designed to protect your plants, equipment, premises liability, product liability and business income in the event of a covered loss.
Cannabis Manufacturing & Processing:
If you produce cannabis-infused products such as oils, waxes, tinctures, and cannabis edibles designing an insurance program will be designed to protect your equipment, premises liability, product liability and business income in the event of a loss.
Laboratory & Testing:
When you test and verify the THC and CBD levels or pollutants in cannabis and hemp you need to make certain that your insurance program includes Professional Liability. This coverage will provide protection because of the errors and omissions in your professional services. You would also want to make certain that you’ve included protection for any specialized equipment that’s used in your operations.
Wholesaler & Distribution:
As a distribution company of cannabis & hemp products it’s important that your insurance program be designed to address the property of others' exposure that you’ll have. You’ll want to make certain that you have Stock Throughput coverage in place to provide protection in case of a covered loss to the property of others that you have in your protection.
Transportation & Delivery:
If you transport and deliver cannabis & hemp products through the cannabis supply chain it’s important that your insurance program includes protection for damage to vehicles, injuries, and medical bills that you might cause to others. This can be addressed with commercial auto insurance. In addition, you will also want to be certain to include protection for product from first party and third party theft that’s associated with the transportation process.
Dispensaries & Retail Operations:
Your insurance program will be designed to protect your property and inventory, liability, and loss of income in the event of a loss.
Buildings & Landlords:
Whether you have an industrial property, warehouse, greenhouse, strip mall or office building your insurance program will be designed to protect the structure due to claims for fire, vandalism, and other common perils. It’s also important that your business income or loss of rental income has thoughtfully been considered as well.