If a customer suffers an adverse reaction to an edible or other cannabis product, escalating legal costs could shutter your factory. Business insurance provides a financial safety net against lawsuits, fires, and injuries. Some policies, such as general liability insurance, may be required by state law.
These insurance policies cover common risks of cannabis manufacturing.
A general liability policy protects against basic third-party risks, such as a client who trips and suffers an injury at your cannabis factory. Some states require this coverage for cannabis businesses.
Learn more about general liability insurance.
Product liability coverage provides financial protection against lawsuits related to your cannabis products. For example, it will help pay legal costs if a customer sues over an edible overdose that caused them to be hospitalized.
Learn more about product liability insurance.
Commercial property coverage helps pay for property damage and loss, such as a fire that destroys manufacturing equipment or cannabis products. Landlords often require business owners to carry this coverage.
Learn more about commercial property insurance.
This policy covers the legal costs and property damage in accidents involving your cannabis business's vehicle. It also covers vehicle theft and vandalism.
Learn more about commercial auto insurance.
Most states require workers' comp for any business that has employees. It also protects sole proprietors from work injury costs that personal health insurance might deny.
Learn more about workers' compensation insurance.
A bond guarantees your cannabis business will fulfill the terms of its contracts and pay its suppliers. Many states require a surety bond as part of licensing requirements.
Learn more about surety bonds.
It's easy to get cannabis producer insurance if you have your company information on hand. Our agent will ask for basic facts about your factory or dispensary, such as business income and number of employees.
Insureon's licensed insurance agents work with top-rated U.S. providers to find coverage that matches your manufacturing business's risks and budget. Contact our licensed cannabis insurance specialist to get started.