What Is Cannabis Insurance Coverage?
Working in the cannabis industry means that your company faces a broad range of exposures and a complex regulatory environment. That’s why cannabis insurance coverage is extremely important to your business, whether you are a manufacturer, distributor, retailer or wholesaler.
What Does It Cover?
- Commercial general liability insurance
- Product liability insurance
- Crop insurance
- Stock throughput insurance
- Workers compensation insurance
- Cargo insurance
- Cyber insurance
Why Do You Need It?
The cannabis industry is emerging. As the industry grows and becomes more regulated, risks will surely develop, and cannabis businesses face some unique risks. The right coverage will help you avoid claims, and help your business grow. Not to mention, it will also provide you with peace of mind.
If you have any questions, the National Cannabis Industry Association (NCIA), the largest cannabis trade association in the U.S., and the only organization representing state-sanctioned cannabis-related businesses, provides a plethora of resources for you to utilize.