What You Need To Know from a Cannabis Insurance Agent In Colorado

About Cannabis Business Owner Liability

As a business owner in the cannabis field, what are you liable for? As a business owner in cannabis; whether recreational marijuana, medical marijuana, hemp, or CBD if you are a business owner, investor, venture capitalist, silent partner, admin, or CFO, you are responsible for insuring your business, and your assets, and your employees.

Things like employee insurance come to mind which is called workman’s comp insurance. product insurance, theft & fire, storage of others; Building Insurance. Crop Insurance and inventory Etc. and much more!

We have developed a checklist for Cannabis Business Owners’ Liabilities:

For Owners and Managers/Admin like you!

Please make sure you have insurance in place and are properly insured as a business owner in cannabis.

The days of “we didn’t know” are long gone when it comes to doing diligence in operating a cannabis co.

Here are the liabilities you should consider being the owner or operator of a cannabis business.

Whether grow/cultivation, lab, or retail dispensary the below should be considered!

1. General Liability
2. Products Liability
3. Medical Expenses
4. Damage to Rented Premises 
5. Personal and Advertising Injury
6. Completed Operations
7. Bodily Injury
8. Property Damage 
9. Building Coverage
10. Loss of Income
11. Business Personal Property
12. Equipment Coverage
13. Completed Stock and Inventory
14. Goods in Process
15. Stored Product
16. In Transit Product
17. Commercial Auto 
18. Cargo
19. Excess liability aka Umbrella 
20. Crop; seed, veg, flowering, harvested, curing, or cured.
21. Professional Liability
22. Errors and Omissions 
23. Directors and Officers 
24. Workers Compensation
25. Employee Benefits
26. Employee theft or dishonesty
27. Spoilage
28. Equipment Breakdown
29. Sewer or water backup
30. Valuable Papers and Records
31. Cyber Liability
32. Terrorism Coverage
33. Pollution
34. Earthquake, flood, 
35. Event or tradeshow coverage 
36. Hired and Non-Owned Auto

There are more options than what is listed, and these can all be built and tailored to a package that is perfect for you. Please call us today at 720-999-3345 and let us know how we can help get you started!

We are happy to answer any questions in regards to Cannabis Business Owner’s Liability and insurance!

Free insurance reviews and quotes: Let us broker your account and help find your best market option!

Ready to learn more about insuring your cannabis & hemp products? Then contact us at (720) 999-3345 or at info@CannabisInsuranceBusiness.com. You can also learn more about CIB at https://cannabisinsurancebusiness.com/about

Colorado-based and pushing the industry further one step and state at a time. Proudly serving all 50 states.

Contact Cannabis Insurance Business or call 720-999-3345 to start protecting your investments today!