Latest Update:  Existing Insurance Carrier Expanding their Product Lines

A recent product flyer from one of our established insurance carriers expanding their product offering to the cannabis industry despite the fact other insurance carriers are leaving. 

Coverage highlights include:

• Living Plant or Crop Insurance:  Insurance protection for your living plants from theft or fire.
• High Limits for Cannabis Stock:  Need to protect your final product with high limits.
• Equipment Breakdown:  The protection of valuable equipment due to a covered loss
• Excess Liability up to $10,000,000:  Important for cannabis companies with multiple locations and numerous landlords requiring certificates of insurance.
• Trade Show and Events Coverage:  Removes the premise only liability endorsement and provides coverage when you’re at the trade show.
• Product Liability:  Adds coverage for your product being sold into the stream of commerce
• Professional Liability:  Concern with providing advice to others that may be erroneous or negligent.
• Hired and Non-Owned Auto Liability:  Insurance protection from when your employees are driving their own vehicles for company business.  Example would be those employees visiting customer who end up in a accident.  How is your business protected from the lawsuit by the third party? 

Insurance Carrier Product Update Sheet