We make sure your legal marijuana dispensary insurance coverage is comprehensive, which helps your business stay financially stable in the event of a claim. Catanzaro Insurance understands the risks involved in the medical marijuana industry and tailors coverage to fit your specific insurance needs.
General liability is usually required by your landlord, this will help your company protect itself inclusively and includes damages and injuries, which is important when looking for insurance for your dispensary. As the state laws continue to adjust and new rules and regulations are written, it is becoming a requirement to have general liability for state licenses.
Protecting your business’s property is extremely important. Such insurance generally provides you with property protection to restore your business’ inventory, furniture, fixtures, cannabis payments system, and equipment. Purchasing a medical marijuana dispensary insurance policy will likely result in a quicker and easier turnaround in the event of property damage.
Medical Marijuana Inventory Coverage
We can provide your cannabis dispensary with inventory coverage against risks such as fire and theft. We also offer insurance coverage during the risky time when your product is being transported from the cultivation facility to your dispensary.
Business Income/Extra Expense Insurance
Marijuana dispensary insurance also covers your business’ income and additional expenditures. When we talk about “business income,” we mean the net income that you would have made if your business hadn’t suffered fire, theft or another covered peril. This can also include the extra expenses faced by your business in the event of a claim.
Product liability insurance is designed to protect your business against claims of personal injury or property damage caused by products sold or supplied through your business. How many patients have tried to sue different companies by making claims that certain medicines have affected them negatively? Unfortunately, this is all too common. Sometimes, even false claims end up winning.
That’s why we can provide you with product liability that will protect you from lawsuits. Edible marijuana, vaporizing tools, and smoking devices are all covered by product liability insurance.
We can help protect your business in the event that you are sued by medical marijuana patients who have undergone inadvertent side effects. Product liability insurance will provide coverage for both the cost to defend the lawsuit and the potential indemnity payment.
Catanzaro Insurance works with multiple “A” rated companies to find you the best coverages at the most effective cost.
Call us today at (614) 489-8383 to see how we can help you!
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