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What cannabis manufacturer insurance covers
Advances with technologies and equipment open up new ways for cannabis to be manufactured. As a manufacturer, you are aware that the potential for something to go wrong during the manufacturing process is a reality and the importance of protecting yourself in these instances is greater than before. A Cannabis Manufacturer Insurance policy, written specifically for your business can protect you from a host of trouble.
Defective products, mislabeling (and misinterpretation of labeling) pose potential threats to your business. In many cases, consumers have pursued litigation reaching all the way back to the manufacturer even when the manufacturer was not technically at fault.
Fortunately, there are a variety of options that you can choose from to ensure that your operation can thrive for years to come.
Contact The Cannabis Coverage Company today and speak with one of our licensed cannabis insurance agents to learn more!
Available Coverages:
Herbicide/Pesticide Endorsement
Stock and Inventory
Business Income and Extra Expense
Business Personal Property
Tenant improvement coverage
Cannabis manufacturer insurance FAQ
What insurance does a cannabis manufacturer need?
Common coverages include general liability, product liability and product withdrawal, property insurance, stock and inventory, business income and extra expense, business personal property, equipment coverage, equipment breakdown insurance, property in transit or cargo coverage, tenant improvement coverage, and a herbicide and pesticide endorsement.
Can a cannabis manufacturer be sued over a product someone else sold?
Yes. Defective products and mislabeling, or misinterpretation of labeling, can lead to claims, and consumers have pursued litigation all the way back to the manufacturer even when the manufacturer was not technically at fault. Product liability coverage is designed to respond to these claims.
What affects the cost of cannabis manufacturer insurance?
Pricing depends on your operation. Common factors include the products you make and how you make them, your annual revenue, the value of your equipment, stock and buildings, your security and fire protection, the state you operate in, your claims history, and the limits and deductibles you choose. For pricing based on your operation, request a quote from The Cannabis Coverage Company.
Can The Cannabis Coverage Company insure manufacturers outside California?
Yes. The Cannabis Coverage Company has been writing cannabis insurance since 2009, is licensed in all 50 states and is part of Lions & Coventry, so we can help place coverage for licensed cannabis manufacturers nationwide. Call (916) 967-7715 to start a quote.