Nearly 1.9 million North Americans are legally using cannabis to manage medical conditions.
The use of marijuana for medicinal or recreational purposes is now permitted in 29 states and that number is growing.
The legal cannabis industry is expected to create one-quarter of a million jobs by 2020.
Are you protected?
Cannabis 360 writes policies
in all 50 states
For companies growing and supplying legal cannabis. Crop coverage protects both living and harvested plant material. Stock coverage protects mature, harvested plants that have been processed.
For businesses selling legal cannabis. Protection is needed for general liability, product liability, property, business income and cyber-related claims.
For all businesses producing cannabis and cannabis-related items. Protection is needed for general liability, product liability, property, business income and cyber-related claims.
For landlords and property managers of cannabis-related businesses. Protection is needed for property damage or loss, general liability, business income and cyber-related claims.
For business related to the safe transportation of cannabis products. Protection is needed for vehicles and claims around vehicle injuries.
For all business related to the operation and physical locations of businesses that grow, manufacture or sell cannabis-related goods and services. Protection is needed for general liability, product liability, property, business income and cyber-related claims.
Protects you, your employees and your cannabis-related business from legal claims involving bodily injury or property damage from accidents on your premises or from your products, operations or advertising.Read More
Covers losses to your property caused by fires or explosions, theft, damage from vehicles or airplanes, or acts of vandalism.Read More
Pays for an injured employee’s medical treatment and can assist in replacing lost wages; protects your employees, business and assets.Read More
Protects your marijuana crops during the stages of growth.Read More
Addresses potential gaps in insurance for supplies or purchases that are in transit.Read More
Protects against bodily injury and property damage claims.Read More
Protects your cannabis-related company against claims that a professional service you provided caused your client to suffer financial harm due to mistakes on your part or because you failed to perform some service.Read More
Replaces lost net income, covers continuing expenses, and pays for relocation expenses and advertising fees if your cannabis-related business is forced to close.Read More
Protects your cannabis-related company in the event of a data breach or other cyber threat, including exposures created by your employees who work on computers.Read More
Covers financial responsibility if you or an employee is at fault in a vehicle accident and people are injured or their property is damaged.Read More
Guarantees you some type of scheduled payment in the event of a payment default.Read More
Covers buildings and structures under construction, as well as related equipment.Read More
Encompasses a variety of products, including group health, dental, vision and life insurance.Read More
Covers additional aspects of your cannabis-related business, such as cargo, crime, and directors and officers. Umbrella policies fall under this area too.Read More
Take a moment to Answer a few questions to find out what a business like yours is likely to need.
Have a Cannabis 360 business specialist learn about your business through a Skype consultation.
The main takeaway is that the commercial general liability policy provides coverage for the business, the business owner, and the employees from claims involving bodily injury or property damage, up to the limits of the policy. Bodily injury does not only mean physical injury, it can also mean damage to image, which is considered advertising injury. In True Grow’s situation, a commercial general liability policy provided defense costs for True Grow because this claim was covered as a result of advertising injury to the competing grower.
In today’s economy, technology for business operations has become extremely complex and sophisticated. Just the same as business owners would explore insurance for their general liability risks, they should explore the same for cyber risks. Insured parties should have detailed discussions with their agents about all operations where technology is used. In this case, since the medical clinic needs email to communicate with patients, it should be thinking about the risk that this opens up for the clinic.
Property insurance is critical to protecting a company’s investment in its property. However, more important than the policy itself is understanding what is covered by it. Property policies will generally have sub limits for different causes of loss. The issue in this scenario is what is contained in the property policy. Is Grow Green covered, and if so, does it have enough coverage for the amount of property it has? It’s important for business owners to request a description of the sub limits when a quote is being proposed by an agent.
Cannabis 360 is a full-service risk management firm that specializes in insurance support, bonding and employee benefits for the cannabis industry. We are an offshoot of a 50-year-old insurance and bonding company that focuses on personalized solutions for business customers, rather than on products and sales.
In that same spirit, Cannabis 360 provides customized risk management solutions for our cannabis industry clients, from growers and distributors, to processors and transporters, to testing labs and other ancillary businesses. We are ardent advocates of regular risk management reviews to protect cannabis businesses against emerging exposures and to revisit and adapt to the volatile regulatory environment.
Through our work in this field, we support the development of cannabis as a sustainable and legitimate industry – one with substantial medical and economic benefits.
Cannabis 360 is honored to be a part of the emerging cannabis industry and to play a supportive role in stabilizing and protecting businesses through a holistic approach. This means not only covering customers’ direct operations from seed to sale and beyond, but also covering the nuances of risk that every business is faced with, regardless of industry.
Based in metro Detroit, Cannabis provides solutions in all 50 states, with current customers reaching from the Midwest to as far as New Mexico. In supporting the growth of the cannabis industry, we participate in a variety of professional associations.