General Liability Insurance
General Liability covers your cannabis business against bodily injury, property damage, personal injury, advertising injury and other situations that may arise including slander, libel, and copyright infringement.
Excess Liability Insurance
Excess Liability is coverage that layers over your General Liability, Product Liability and Commercial Auto policies to protect against a potential catastrophic loss.
Property Insurance
Property insurance pays to replace or repair stolen, lost, or damaged business property. It can help protect against losses from; burglary and theft, storm damage, fires, vandalism and temporary closure.
Product Liability Insurance
Product liability coverage provides coverage against claims of harm caused by the products you produced. This coverage is essential in safeguarding your business. It covers against claims of physical harm caused by the product, including allergic reactions, adverse effects, and other injuries to providing coverage against product recalls due to a defective product in the marketplace.
Commercial Auto Insurance
Vehicles owned by the cannabis business are required to have a commercial auto policy. State regulations determine the necessary coverage amount.
Hired and Non-owned Auto coverage (HNOA)
Liability coverage for employees who get into an accident while using their own vehicle while conducting company business. This coverage also covers for rented or leased vehicles.
Cargo Insurance
Cargo coverage protects against loss, damage or theft while it’s being loaded, transported, and unloaded. Whether the product is being transported by your own operation or by a third party, this is an important coverage to maintain. This coverage will compensate for lost cargo or if the product is irreplaceable, the coverage will reimburse for lost product income.
Crop Insurance
Crop Insurance protects against loss or damage to the cannabis crop if caused, for example, by hail, windstorms, theft, fire, explosion or vandalism. This coverage applies to all different growth stages.
Cyber Insurance
Cyber Insurance provides financial protection against the aftermath of a cyber incident, covering the legal fees and data restoration expenses associated with such an attack. The coverage offers financial support for hiring legal representation to help navigate the legal processes associated with a cyber-related claim.
Directors and Officers Liability (D&O)
D&O coverage shields the corporate officers from personal liability for negligence or misconduct. D&O is an important risk management tool, protecting the personal assets of the company directors and officers, covering legal fees for lawsuits, and protecting the company’s financials from dealing with the cost incurred by lawsuits.
Employment Practices Liability (EPL)
EPL coverage protects your business in the event an employee files a claim against you for harassment, wrongful termination, wrongful employment practices, discrimination and cases against wages, among others.
Workers Compensation
Workers Compensation is a required coverage in 49 of 50 states. Workers Compensation ensures coverage is in place for employees injured on the job, providing immediate medical care expenses to the employee and employer liability coverage against lawsuits from the employee claiming injury due to negligence.
