Request a Processor Insurance Quote Call (916) 967-7715
What cannabis processor insurance covers
With heightened attention around product liability issues, it is more important than ever before to make sure you have adequate Cannabis Processor Insurance. In the event that a consumer becomes sick, or commits a crime you risk the potential of facing time-consuming and expensive litigation charges. Even if the incident was not related to your processing, litigation will trace the product back to whoever was involved from the point of sale and processors and the most susceptible to scrutiny.
As a processor, your equipment is one of your biggest investments and means for generating income. When equipment malfunctions the loss can be detrimental to your business. The cannabis insurance industry has evolved and there are coverages available to protect your equipment and help you recover during reasonable “periods of restoration.” It is also no secret that the equipment you use on a regular basis is potentially hazardous, making it extremely important that you and your employees have proper coverage.
When you contact us, we will take the time to find out your specific needs and provide solutions to support your success in business.
To learn more today, contact one of our licensed cannabis insurance agents at The Cannabis Coverage Company today to learn more!
Available Options:
Herbicide/Pesticide Endorsement
Stock and Inventory
Business Personal Property and Extra Expense
Tenant Improvement Coverage
Who this coverage is for
Licensed processors that trim, dry, cure and package cannabis, and post-harvest operations working for cultivators.
What drives your premium
We don’t publish prices because every quote depends on underwriting. Carriers mainly look at:
- The processes you run and the equipment you use
- Payroll and number of employees
- Value of product and equipment on site
- Fire protection, security and safety procedures
- Claims history, limits and deductibles you choose
Cannabis processor insurance FAQ
What insurance does a cannabis processor need?
Common options include general liability, a herbicide and pesticide endorsement, product liability, product withdrawal, property, stock and inventory, business personal property and extra expense, equipment coverage, property in transit or cargo, and tenant improvement coverage.
Why is product liability important for processors?
If a consumer is harmed, litigation can trace a product back through everyone involved from the point of sale, and processors are often part of that chain even when the problem did not start with them.
What affects the cost of cannabis processor insurance, and how do I get a quote?
We don’t publish prices because every quote depends on underwriting. Carriers mainly look at the processes you run and the equipment you use, payroll and number of employees, the value of product and equipment on site, fire protection, security and safety 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.