Protection and Peace of Mind for Your Cannabis Business

In recent years, many states have made recreational cannabis legal for consumption by adults 21 and older, creating a new and booming industry. For those looking to get involved, holding specialty cannabis insurance can go a long way towards protecting yourself and your business.

Who Can Get Covered

Individuals and businesses at all levels of the supply chain can be covered by this insurance. This includes growers, laboratories, distributors and wholesalers, medical dispensaries and retail sellers.

General Protection

Some types of protection included under specialty cannabis insurance are general liability, product liability and commercial property coverage. Depending on your operations, you may pick and choose from options in these and other categories to get the complete protection you need.

When Things Go Wrong

Your insurance can also include protection for unexpected incidents. This includes coverage for workers’ compensation and protection from employee theft and dishonesty, as well as coverage for equipment breakdown and business interruption. Different businesses have different risks, and you should choose your coverage accordingly.

Many people want to get in on the ground floor as the commercial cannabis industry takes off in the United States. As you get started on your business journey, be sure to seek out specialty cannabis insurance to stay protected as you grow.

2 Big Reasons To Insure Your Cannabis Dispensary

The legalization of cannabis in the state of California has not translated to legitimizing businesses in the eyes of insurers. Obtaining adequate cannabis insurance for CA dispensary may be challenging, but the effort is necessary to safeguard your business.

1. Licensing Requirement

When you decide to open a dispensary in California, you are required to adhere to a number of regulatory requirements to operate legally. One of those is that you must be licensed by the state. Before the state will issue a license, you have to be able to present a certificate of insurance.

2. Business Protection

As a business owner, you are at risk of lawsuits for personal injury, death or property damage that occurs on your property or due to the consumption of your product. If someone files a claim against you in court, the financial damages can be devastating. Liability coverage offers you the protection you need.

When the time comes to look for coverage, you need to make sure that the agency you choose offers insurance specifically for the cannabis industry. Furthermore, you need to be sure that distributors, including dispensaries, are covered. Operating a successful cannabis business in California is possible, but you do need to make sure your dispensary is protected with the right type of insurance.

The Liability Risks to Your Gun Range

Every business requires some form of liability protection. Some industries, such as the firearm industry may require more liability protection than other businesses. If you own a gun range, then you need to consider a multitude of risks. With the right gun range liability management, however, your business should remain in functioning for years to come.

Here are some liability risks that you need to mitigate.

Slips and Falls

One of the most common accidents at a firing range is a slip and fall accident. This is common in most businesses. When someone falls on your property, it is your responsibility. As a business owner, whether it is a guest to your club or a staff member, you are liable for the injuries suffered. Without liability coverage, it may be difficult to handle these costs.

Ear Damage

Firing ranges are loud. It is up to you to ensure that all your clients are protected. If you have defective ear coverings or if someone files a claim against your company for ear damage, then you could have to pay legal fees and medical costs.

Every firearm establishment or gun range requires customized insurance options. Your company has unique needs and it is up to you to ensure that you have adequate coverage.