Major Insurance Coverages
Workers' Compensation Insurance
You are required to cover the cost of treatment of injuries sustained by employees while on the job. Workers' compensation insurance, which is required in most states, provides compensation in these cases.
Compensates a business if the property used in the business is lost or damaged as the result of various types of common perils, such as fire or theft. Property insurance covers not just a building or structure but also what insurers refer to as personal property, meaning office furnishings, inventory, raw materials, machinery, computers and other items vital to a business’s operations.
Is a type of protection policy that covers agricultural producers against unexpected loss of projected crop yields or profits from produce sales at market.
General Liability Insurance
This coverage is a standard part of any business insurance policy. It covers injuries and property damage sustained by third-parties while visiting your business. It also includes product liability insurance, which protects you if someone is harmed by your product.
If your business owns cars, trucks or vans, you will be required to cover them with a commercial auto insurance policy. If you use rented trucks or vans or an employee uses a personally owned vehicle to do work-related jobs, you will need hired or non-owned auto insurance to protect your business from a potential liability lawsuit.
Motor Truck Cargo Insurance
Provides coverrage through an inland marine form covering loss of property in the course of transit, either by common carrier or on the insured's own vehicles, depending on the form used.
Product Liability Insurance
Will respond when someone is injured by a product you produce, resell, distribute, or wholesale, assuming the injury is proven to be caused by your product.
Directors and Officers (D&O) Liability Insurance
D&O protects the personal assets of corporate directors and officers, and their spouses, in the event they are personally sued by employees, vendors, competitors, investors, customers, or other parties, for actual or alleged wrongful acts in managing a company.
Employment Practices Liability Insurance (EPLI)
This insurance covers your business if it is sued for an illegal business practice, such as discrimination, harassment, wrongful termination or breach of contract.
As the nature of business risk continues to evolve, the availability of new products to protect
against these risks continues to expand. Let CannaCorps guide you through the myriad of Specialty
Coverages available to protect your business.
Specialty Insurance Coverages
Can protect your business against losses stemming from robberies. You can buy specific coverage to handle the risks you face both on and off-premises, such as during a delivery or while taking cash to the bank for a deposit. You can also cover yourself against crimes committed by employees while on the job through an employee dishonestly insurance policy.
Cyber Liability Insurance
Protects your business against paying out of pocket for costs related to data breaches or other cyberattacks.
Damage caused by earthquakes is also excluded by nearly all business insurance policies. If your business is at risk, you may want to supplement your coverage with an earthquake insurance policy.
Event Liability Insurance
A special event can be as simple as a birthday party or as complex as a month-long state fair. If you are planning a special event, you need to check with a professional insurance agent to determine what coverage, if any, may be provided by your existing insurance and what additional special event insurance you will need to carry.
CannaCorps can create customized risk solutions to protect your business. Ocean Marine can provide protection from loss. Connect Online with an Agent. Call in the Corps for Coverage.