Connect with us

Cannabis News

What You Need to Know About Cannabis Insurance Companies



What You Need to Know About Cannabis Insurance Companies

Even though the cannabis market provides a great deal of opportunity for the insurance market, carriers are still wary due to the substance’s classification as a controlled substance on the federal level, according to Insurance Journal.

As a result, Insurance Journal also indicates that existing coverage is currently limited. They explain that insurers are just entering the market with basic policies that include commercial general liability, property liability and product liability. The limits are around the $1 million to $ 2 million rage, however they can be higher and cover more than just general liability, property liability, and product liability.

Nonetheless, Benzinga identifies insurance companies that are available in a number of states. For example, the main companies that it identifies include:

  • Cannasure
  • Cannabis Insurance Company
  • AFIG Cannabis Insurance
  • 420 Insurance
  • SafeHerb
  • MFE Insurance Brokerage
  • Admiral Insurance Cannabis Insurance
  • Cover Cannabis

Some of these companies provide companies in all 50 states, such as SafeHerb, Admiral Insurance Cannabis Insurance, Cover Cannabis, and 420 Insurance.

Benzinga identifies several types of policies, such as cultivation insurance, dispensary insurance, manufacturing insurance, building insurance, delivery and transport insurance, laboratory insurance, product liability, and Hemp-CBD Insurance.

Further, the cost of insurance varies not only on the type of policy, but upon other factors. For example, the price can be influenced by past need for insurance, the types of coverage selections, the complexity of the cannabis business, and the size of the business. Usually, larger and more complex businesses with higher liability risks will require costlier policies.

Stephen resides in Yorkshire, UK and is in his mid-fifties. Aside from a wide range of occupations, he was a National Health Service manager and psychiatric registered nurse before becoming a full time freelance writer. As a dedicated lifelong learner and rigid researcher, Stephen is keen to be one of our best contributors for year to come in the hemp and CBD industries.

Continue Reading

Ultimate CBD Guide


ultimate-cbd-products-company-guidepopular-cbd-health-benefits best-cannabidiol-guide-resources hemp guide

TimesofCBD is the most active daily CBD news publication featuring the latest cannabis industry stories and marijuana market trends. As the leader in CBD-centric content curation, we invite all readers to come for the headlines and stay for the insights. Quality is the top priority when presenting user guides, analyzing product reviews and reporting fact-checked news announcements. All information is for educational and informational purposes only. Disclaimer.

Got news? Email

Copyright © 2020 | Latest CBD News, Cannabis Guides and Marijuana Trends
Note: Always seek real additional medical advice and consultation with a professional healthcare practitioner before considering any CBD. No statements found on this website have underwent Food and Drug Administration evaluation. The efficacy of any products or claims made have never been approved by the FDA either. No products shall ever be intended to diagnose, treat or cure any disease or prevent any ailment.