Do you need product liability insurance for a cannabis business?

Another example: Your product liability insurance can cover your legal costs if you get sued because your product has pesticide contamination that causes a customer to get sick. A surety bond may be required in your state to guarantee that your cannabis business will operate according to your state laws and regulations.

What is cannabis insurance?

Cannabis insurance is a small business insurance policy that is customized to address the risks specific to the cannabis industry. This includes problems such as workplace injuries, bodily injuries and property damage accidentally caused to others, crop failure and theft. Who Needs Cannabis Insurance?

Do you need cannabis insurance?

Crop insurance covers your cannabis in the growth stages from seeds to mature and harvested plants that have been fully processed and ready for sale. If you or your employees use a vehicle for business purposes, such as transporting cannabis, tools or supplies, you need commercial auto insurance.