INSURANCE PRODUCTS FOR CANNABIS COMPANIES
FIND THE COVERAGE YOU NEED.
UNDERSTAND YOUR COVERAGE CHOICES
General Liability Insurance
Common reason why cannabis companies buy general liability insurance is because of lease obligations. This type of coverage is the foundation for protecting your company and location(s).
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- Third party liability
- Premise protection
- Unintentional copyright/trademark infringement
- Meet lease obligations
- Additional liability protection from vehicles driven by employees
Excess Liability Insurance
Common reasons to buy excess liability insurance for cannabis companies is purchased because of a need for additional liability or requirements made by lease agreements.
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- Third party liability that “sits” over the primary general liability.
- Provides additional limits of liability based on the underlying general liability policy.
- Premise liability protection
- Unintentional copyright/trademark infringement
Product Liability Insurance
Most common reasons why cannabis companies buy cannbis product liability insurance is because they are concerned with claims and lawsuits from their product causing harm to others.
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- Third party liability from cannabis product use and consumption
- Cannabis stores and dispenaries who request coverage from growers and manufactures to be listed as additional insured
Cybersecurity Liability Insurance
Liability coverage and first party coverage for your cannabis coverage due to a data breach, malware, ransomware, and unauthorized access to computer and software systems.
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- Cyber Attacks
- Extortion/Ransomware
- Regulatory Fines
- PCI Fines and Penalties
- Liability from other parties who were harmed
Directors and Officers Insurance
This coverage is important for protecting your directors and officers from personal liability as they manage in the company’s best interest. Without this coverage, then Directors and Officers are relying on the company to protect them.
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- Breach of fiduciary duty
- Negligence
- Errors & Omissions
Commercial Property Insurance
Protecting your business assets. Business Property coverage for cannabis equipment, buildings, computers, furniture and fixtures.
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- Theft, fire damage, vandalism, water damage and destruction
- Loss of income from property claim
- Theft of money
- Cannabis Stock and Living Plants.
Workers Compensation Insurance
Required by law in all states. Covers your employees due to workplace injuries and company from employee claims and damages.
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- Medical payments to pay for employee injury .
- Loss of income to employee.
- Common cannabis claims include back injuries, repetitive motion, falling.
Commercial Automobile Insurance
Required by law in all states. Covers your commercial vehicles used in a cannabis operations physical damage to the vehicle and liability from other parties
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- Techology driven carrier making it convenient for customer support.
- Coverage for the vehicle due to collision or comprehensive loss
- Uninsured motorists protection.
- Cannabis approved insurance carrier.
Employment Practice Liability Insurance
Reasons to consider this insurance coverage are claims and lawsuits arising from employees and workplace hiring and employment practices.
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- Harassment
- Retaliation
- Discrimination
- National Origin
- Disability/Age
- Other EEOC related basic rights