Request a Business Income Quote Call (916) 967-7715
What business income and extra expense coverage pays for
Cannabis Business Income and Extra Expense Insurance covers you while your business operations are suspended as a result of a covered cause. Business Income Insurance pays for the actual loss of business income or profits that you sustain due to the suspension of your business operations as a result of damage or destruction to your property. Extra Expense Insurance covers expenses that you would not have incurred if there was no damage.
When something goes wrong, in addition to the obvious expenses, there are usually additional, unexpected expenses that arise. Even for the well-prepared, these unexpected expenses can be detrimental. This might include expenses such as running your business from a different location, or other expenses such as rent, utility, payments, taxes and more. Cannabis Business Income and Extra Expense Insurance is a great way to recover expenses as if there was no effect on your business income stream.
To learn more about Cannabis Business Income and Extra Expense Insurance, contact a Cannabis Coverage Company agent today.
Who this coverage is for
Any cannabis business that would lose revenue if a fire, theft, equipment failure or other covered loss shut it down.
What drives your premium
We don’t publish prices because every quote depends on underwriting. Carriers mainly look at:
- Revenue and operating expenses
- How long it would take to rebuild and get operating again
- Property values and location
- Fire protection and security
- Claims history, limits and deductibles you choose
Cannabis business income and extra expense FAQ
What does business income and extra expense insurance pay for?
Business income coverage pays the income you lose while operations are suspended because of covered damage to your property. Extra expense coverage pays costs you would not have had without the damage, such as running from a temporary location.
Who needs business income coverage?
Any cannabis business that would lose revenue if a fire, theft, equipment failure or other covered loss shut it down, including cultivators, manufacturers, distributors and dispensaries.
What affects the cost of business income and extra expense insurance, and how do I get a quote?
We don’t publish prices because every quote depends on underwriting. Carriers mainly look at your revenue and operating expenses, how long it would take to rebuild and reopen, property values and location, fire protection and security, and your claims history, limits and deductibles. Request a quote or call (916) 967-7715, and a licensed agent will review your operation. The Cannabis Coverage Company has written cannabis insurance since 2009, is part of Lions & Coventry and is licensed in all 50 states, so we can quote licensed operators nationwide.
Why cannabis businesses work with The Cannabis Coverage Company
- Writing cannabis insurance since 2009
- Licensed in all 50 states (CA Lic. #0G22084)
- Part of Lions & Coventry Insurance Services
- One agency for liability, property, auto, workers’ comp, cargo and bonds
We work with cannabis businesses nationwide from our office at 7816 Uplands Way, Ste C, Citrus Heights, CA. Request a quote or call (916) 967-7715.