Request a Laboratory Insurance Quote Call (916) 967-7715
What cannabis lab insurance covers
While most Laboratories are required to carry general liability insurance to cover for “slips, trips and falls,” this coverage will not support you through other mishaps, nor will it cover your expensive equipment. A Cannabis Laboratory Insurance policy that is specifically designed for your lab can protect you from those perils and so much more.
Laboratories play an important role in ensuring the quality and safety of various cannabis products and by putting the right protections in place you will be in a position to withstand the unforeseen.
In the event that a product you tested comes back with issues you may be held liable on multiple fronts. Even though you are not responsible for the growing or manufacturing of cannabis, in the event that a consumer ingests a product resulting in sickness, accident or crime, litigation may point to you as being responsible. Because of this, Product Liability is highly recommended. You may also consider Errors and Omissions which protects you and your employees against claims made by clients for inadequate work, or negligent actions.
Contact The Cannabis Coverage Company and speak with one of our licensed cannabis insurance agents today to learn more!
Available Coverages:
Who this coverage is for
Licensed cannabis and hemp testing laboratories, including potency, contaminant and research labs.
What drives your premium
We don’t publish prices because every quote depends on underwriting. Carriers mainly look at:
- The testing services you offer and your accreditation
- Revenue and number of clients
- Value of lab equipment
- Quality controls such as chain of custody and documented procedures
- Claims history, limits and deductibles you choose
Cannabis testing laboratory insurance FAQ
What insurance does a cannabis testing lab need?
Labs usually carry general liability, property, equipment coverage, equipment breakdown and errors and omissions. Product liability is also worth reviewing because claims can point to the lab that tested a product.
Does general liability cover my lab equipment or testing errors?
No. General liability covers third-party injury and property damage claims, such as a visitor’s fall. Equipment needs property or equipment coverage, and claims over inadequate or negligent work fall under errors and omissions.
What affects the cost of cannabis laboratory insurance, and how do I get a quote?
We don’t publish prices because every quote depends on underwriting. Carriers mainly look at the testing services you offer and your accreditation, your revenue and number of clients, the value of lab equipment, quality controls such as chain of custody and documented procedures, 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.