Cannabis and Hemp Cultivators Insurance
A comprehensive insurance program is important for any business. But for Cultivation businesses,
having insurance that properly covers your crops is critical. At each stage of the cannabis growth
cycle, it is imperative that you have insurance coverage that considers the value of the plant for
every stage. We understand how important it is to have your crop remain strong and healthy. And we
also know how financially devastating to lose a crop can be. Our Cannabis Cultivation Insurance
Package ensures that your crop is protected because we place an insurable value at each stage of the
Cultivation insurance is designed to protect your plants, equipment, and business income in the event of a loss. If your grow where to be damaged as the result of an insurable event, we can provide security and protection that your business will be up and running as quickly as possible. We provide coverage against Lighting, Theft, Fire, Explosion, Hail, Vandalism, Smoke Water Damage and many others.
At CannaCorps, we have the expertise in the cannabis industry to know and understand the specialized needs of Cannabis and Hemp cultivation businesses. We customize an insurance plan that gives your business the coverage you need. From Crop Protection to Product Liability and everything in between, the Corps has you covered.
The liability associated with running a cannabis farm can be significant. Your crops may represent the most valuable asset of your business. Cannabis crop insurance allows you to relax knowing that your company will be protected in the event of a catastrophic event. Additionally, accidents happen, in the event of a covered occurrence you will want your business to have insurance to pay for injuries, property damage, and personal injury. In addition, we have General Liability options for Herbicide/Pesticide/Fungicide applicators. Product Liability Insurance is essential whether you are a dispensary, cultivator, or manufacturer. Cannabis operations are being required to prepare legal defense and prove their products are safe. In the absence of federally mandated procedures this is not an easy task. Because insurance coverage for cannabis are unique, cannabis growers may benefit from guidance on how to properly insure their cultivation from experienced cannabis insurance agents.
Even though the Cannabis industry is rapidly growing, there is a lack of federal cohesion for cannabis related businesses. It is harder than ever to recover from losses resulting from crop damage, employee injury, or damage to equipment. In constructing a properly structured Cannabis or Hemp Cultivators insurance package one must first consider the basic coverages of crop, general liability, product liability, workers compensation, and property liability.