Here at The Cannabis Coverage Company, we specialize in providing insurance services specifically for cannabis operations. With frequently changing laws and continuing tension between State and Federal regulation, it is paramount that the insurance company you work with fully understands your unique needs. Since 2003, we have worked with cannabis entrepreneurs to find the perfect policy for their business.
Insurance companies are not the same. We exclusively work with insurance carriers that write policies for the cannabis industry and this is extremely important to avoid the trouble of a denied claim and lost finances. There's been a lot of hype in the media about this and it simply isn't true. Insurance for cannabis operations is not any more expensive than running any other type of business.
There's no need because we do all the shopping for you. We will contact numerous cannabis insurance carriers to find coverages that suit your needs at the best rate. We understand that running a business can be expensive.
Insurance companies are not the same. We exclusively work with insurance carriers that write policies for the cannabis industry and this is extremely important to avoid the trouble of a denied claim and lost finances. There's been a lot of hype in the media about this and it simply isn't true. Insurance for cannabis operations is not any more expensive than running any other type of business.
There's no need because we do all the shopping for you. We will contact numerous cannabis insurance carriers to find coverages that suit your needs at the best rate. We understand that running a business can be expensive.
Services
As a cannabis business owner, you already know that this industry is not like any other.
You understand that you are operating within an ever-changing regulatory environment and have to mitigate unique risks.
We understand this as well.
Here at The Cannabis Coverage Company, we work with a number of carriers who also specialize in the industry.
This enables us to provide coverages that are built to withstand the "ups and downs" of running a cannabis business and also allows us to create insurance solutions that are specific to your needs.
You understand that you are operating within an ever-changing regulatory environment and have to mitigate unique risks.
We understand this as well.
Here at The Cannabis Coverage Company, we work with a number of carriers who also specialize in the industry.
This enables us to provide coverages that are built to withstand the "ups and downs" of running a cannabis business and also allows us to create insurance solutions that are specific to your needs.
A cannabis surety bond is required by some states in order to operate a cannabis business and is often required in order to obtain a cannabis business license.
By obtaining the bond, you will be in compliance with state regulations and laws.
Without it, you may not be able to obtain your license or may face penalties including fines, litigation, and may run the risk of having your business completely shut down.
For each license that you obtain, a surety bond is required for that license.
This means that, for example, if you have a retail license and a cultivation license, you are required to have a surety bond for both licenses.
By obtaining the bond, you will be in compliance with state regulations and laws.
Without it, you may not be able to obtain your license or may face penalties including fines, litigation, and may run the risk of having your business completely shut down.
For each license that you obtain, a surety bond is required for that license.
This means that, for example, if you have a retail license and a cultivation license, you are required to have a surety bond for both licenses.
Cannabis Product Liability Insurance provides coverage in the event that you are found liable due to a defective product.
It's important for you to know that it has become increasingly common for litigation to go after every operation that had involvement of the compromised product, tracing back from the point of sale.
In the event that a consumer becomes sick, is involved in an accident, commits a crime, experiences "side effects, " or other mishap related to the product you could be held liable regardless of where your operation falls within the supply chain.
It's important for you to know that it has become increasingly common for litigation to go after every operation that had involvement of the compromised product, tracing back from the point of sale.
In the event that a consumer becomes sick, is involved in an accident, commits a crime, experiences "side effects, " or other mishap related to the product you could be held liable regardless of where your operation falls within the supply chain.
Cannabis Business Auto Insurance is a protective cannabis insurance as it provides coverage in the event of an at-fault accident, covering injuries and damages for third parties.
It offers comprehensive and collision coverage, covering any damages to your work vehicle, regardless of fault.
Business Auto also insures you in the event you are hit by a third party without insurance.
As a cannabis business owner, whether you own a cannabis delivery service, a cannabis collective, or a dispensary, it is important for you to know that a regular business auto policy may not cover you and the items you are transporting unless you disclose that you are transporting cannabis, or you work with a cannabis operation.
It offers comprehensive and collision coverage, covering any damages to your work vehicle, regardless of fault.
Business Auto also insures you in the event you are hit by a third party without insurance.
As a cannabis business owner, whether you own a cannabis delivery service, a cannabis collective, or a dispensary, it is important for you to know that a regular business auto policy may not cover you and the items you are transporting unless you disclose that you are transporting cannabis, or you work with a cannabis operation.
Cannabis Workers Compensation Insurance provides coverage in the event of an employee injury, or fatal accident.
Most states require this type of insurance.
So, it is very important to make sure your business has Cannabis Workers Compensation Insurance in order to stay in compliance with state laws.
To put it plainly, if you have one or more employees, you need Cannabis Workers Compensation.
In most states, failure to have Workers Comp results in punitive action, exorbitant fines, and the state may choose to completely shut down your business.
Most states require this type of insurance.
So, it is very important to make sure your business has Cannabis Workers Compensation Insurance in order to stay in compliance with state laws.
To put it plainly, if you have one or more employees, you need Cannabis Workers Compensation.
In most states, failure to have Workers Comp results in punitive action, exorbitant fines, and the state may choose to completely shut down your business.
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