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Think You’re Insured? 7 Cannabis Insurance Gaps That Could Cost You Big
If your cannabis insurance policy includes these exclusions or warranties, your business could be at serious risk due to insurance gaps. Understanding Common Exclusions and Warranties in Cannabis Insurance Policies The cannabis industry faces unique challenges when it comes to insurance. With strict regulations, high-risk exposures, and an evolving legal
The Ultimate Guide to Buying Cannabis Cultivation Insurance
Buying cannabis cultivation insurance is crucial because cannabis cultivation comes with unique risks—crop failure, equipment breakdowns, theft, and environmental hazards can all threaten your operation. Traditional agricultural insurance policies often exclude cannabis, leaving growers exposed. A tailored cannabis cultivation insurance policy ensures you’re covered from seed to harvest. Essential Coverages
Blazing Trails: A Cannabis Insurance Origin Story
The Early Days: A Tale of Innovation and Frustration Fifteen years ago (circa 2010), I encountered a pivotal moment that would shape my entire career trajectory: my first cannabis client. It was a time when the industry was still shrouded in legal gray areas and social stigma. Little did I
Are You Starting a Dispensary? 4 Ways to Improve Cashflow With Your Dispensary Startup
The #1 mistake dispensary startups make? Overpaying for insurance they don’t need. For most businesses, the importance of cash flow cannot be overstated. Of course, when it comes tostarting a dispensary startup specifically, it is critical as you’ve had a large investment up front for licensing, legal costs, and the
Why Does My Cannabis Insurance Cost So Much?
Sticker shock? You’re not alone. Many cannabis businesses are wondering why their insurance costs are so sky-high. The answer isn’t simple—but there are ways to take control and manage the cost of cannabis insurance. If you own or manage a cannabis business, you’ve probably noticed how expensive commercial insurance can
The Ultimate Guide to Buying Dispensary Insurance
In the cannabis industry, one unexpected event could wipe out your entire investment. Is your dispensary prepared to weather the storm with proper dispensary insurance? Running a dispensary is more than managing inventory and creating an inviting space for customers—it’s about navigating a complex landscape of risks. Whether you’re a
Here’s How to Find the Right Insurance Partner for Your Cannabis Business Without the Guesswork
With so many insurance agents claiming to be “cannabis specialists,” how do you know if you’re working with someone who truly understands your business and its unique risks? Here’s what to look for: Industry Commitment: Is your insurance partner genuinely invested in the cannabis industry? Do they advocate for its
Is Your Cannabis Business Protected If a Delivery Driver Has an Accident?
12:48 PM As a cannabis business owner, you might not realize that if your W-2 employees are using their personal vehicles to make deliveries, your business could be at serious risk without the right insurance coverage. It is essential to consider cannabis auto insurance to protect your business. Too often,
How to Choose the Right Insurance Agent for Your Cannabis Business: Your Guide to a Crucial Partnership
In the rapidly evolving and complex world of cannabis business insurance, your agent is more than just a policy provider – they’re a crucial partner in protecting and growing your business. But how do you find the right one? Let’s dive into what you should look for when choosing an
Why Working With Multiple Insurance Agents for Quotes Isn’t Helping Your Cannabis Businesses
In the complex and rapidly evolving world of cannabis business insurance, it might seem logical to work with multiple insurance agents to get the best coverage at the lowest price. After all, more quotes mean more options, right? However, this approach often backfires for cannabis businesses, leading to suboptimal coverage,