Whether you produce cannabis products or run a dispensary that sells to the general public, you need to protect your company at all costs. Unfortunately, standard business insurance isnt always enough. You need dedicated cannabis insurance to make sure your operation is safe at all times. Finding great cannabis insurance companies isnt always simple. Heres what you need to look for.
Comprehensive Coverage Options
The purpose of cannabis business insurance is to protect your operation from the most common types of liability and hazards. These include the following:
- Work-related injuries
- Issues with the product
- Issues with the packaging
- Property damage at your facility
- Crop damage
When shopping for insurance, you need to choose a company that offers comprehensive protection for your business. The policies they provide should give you coverage for every liability you face.
Compare Your Options
Though there are fewer cannabis insurance companies than those that offer standard business insurance, you should still shop around. Get quotes from several providers and compare their coverage limits, the price of their policies and the quality of their customer service before making a decision.
Cannabis business insurance is an absolute must if you want to protect your operation. Look for coverage that protects your business from the most common risks you face and choose a company that understands the needs of cannabis producers, distributors, wholesalers and manufacturers.