Securing marijuana business insurance for your cannabis operation shouldn’t be an arduous task. There are many hurdles and concerns with getting your business set up and dealing with the complexities of insurance can be overwhelming if you’re not familiar with the insurance ecosystem. Researching and comparing cannabis insurance options are limited to just a few insurance carriers. Why so few? … Read More
Your professional liability application is part of the policy
Do you know a professional liability application states the following: This application forms a part of your policy, if issued. What this means is the professional liability application you complete for coverage becomes a warranty and representation to the contract; if a claim happens and during the company investigation it is found there was a fraudulent answer on the application … Read More
Advice to Secure the Best Professional Liability Insurance
As a an insurance broker who works with businesses in securing professional liability insurance I frequently hear, “I’m putting this out to bid and the other companies have only needed some basic information to get me a quote. I’m wondering if I can get you some basic info and go from there?” I value my time and you should to. The … Read More
Questions About Marijuana Business Insurance Cost
The cost of marijuana business insurance is one of the more common questions I get from canna businesses. It seems like a very simple question to answer however due to the marketplace being so new and each business having unique characteristics it’s impossible to provide ballpark estimates. Insurance for canna businesses are issued as 2 separate insurance policies, one policy … Read More
Marijuana Business Insurance Property Exclusions
Despite the fact that insurance coverage is available for marijuana related businesses as is the case with most commercial insurance policies all marijuana business insurance policies contain both liability and property exclusions. Even though insurance is designed to cover a broad range of losses, exclusions exist because part of the insurance arrangement requires that businesses take a responsibility to prevent claims as … Read More