Can you get general liability insurance?  

What does cannabis general liability do for my cannabis business?

Think of lawsuits or claims.  Someone decides to sue or file a claim against your cannabis business.  Perhaps a visitor is injured.  Maybe a neighbor decides to sue you.  The party filing the claim are alleging property damage or bodily injury.  Meaning, they have been harmed as a person physically or property they own has been damage due to your cannabis business operating from that location.

What is being insured with general liability insurance?

The insurance policy describes what is known as the Insuring Agreement.  This lays the foundation to what is being insured.  The primary consideration is general liability insurance is focused on insuring the premise or business location.

What does $1,000,000 and $2,000,000 general liability limits mean?

The amount  of money covering a each claim or multiple claims.   The limits are expressed normally as $1,000,000 per occurrence and $2,000,000 per aggregate.   You may increase this amount of coverage through an excess liability policy.

What is excluded or not covered on a general liabity insurance?

There are a variety of exclusions.  For cannabis companies, one of the most important exclusions is Products/Completed Operations is not covered.  This coverage is also known as product liability.  A dispensary, grower, or manufacturer would not have liability coverage for their product being used by consumers.

What does general liability cost?  

This depends on a variety of factors.  The premium for basic general liability insurance can be around $1,000.  The price can be determined by either revenue or square footage.