Processors and Manufacturers
Processors and manufacturers face many risks especially when it comes to manufacturing cannabis goods. Cost of manufacturing equipment and the hazards surrounding the manufacturing process make it very important to have a comprehensive insurance plan in place to protect your business and equipment. As a manufacturer, you understand the importance of ensuring you are covered in the event something goes wrong in the manufacturing process. Whether it is equipment that breaks down, or incidents that can ruin the cannabis flower itself. It is important for you to understand the different ways to hedge that risk.
Typically required by law, protects your business from lawsuits for bodily injury. As well as property damage to others, personal injury and other situations that may arise including slander, libel, copyright infringement and more.
Coverage against loss from fire, theft & vandalism, protecting your investment in buildings, and tenant advances. As well as business personal property, the manufacturing equipment, inventory, crop & finished stock. Property coverage also provides loss of business income.
Protects your business from claims when the customers hold you liable for bodily injury and or property damage that takes place from various consumption of marijuana flowers, edibles, and concentrates.
If you have employees, you need cannabis workers compensation. It is the right of your employee to have compensation for injuries, for short-term as well as long-term disability if hurt while on the job. It is mandated by law and regulated by the state.
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The Insurance Joint Brokerage is the one-stop shop for cannabis, Hemp and CBD industry insurance needs.