shields3a insurance

Protect yourself

Comprehensive General Liability Insurance protects businesses against liability claims because of bodily injury (BI) and property damage (PD) arising from your premises, operations, products and completed operations; also includes advertising and personal injury (PI) liability.

Professional Liability Insurance protects professionals who provide services against liability claims because of their own errors and omissions while performing their professional services.  Similar to malpractice insurance.  These policies cover only financial losses suffered by third parties rather than bodily injury (BI) and property damage (PD) claims since BI and PD losses are usually covered under commercial general liability (CGL) policies.

Business Income Insuranceprotects businesses against the loss of business income because your normal business operations were interrupted as a result of any of the above covered liability or property claims.

Cyber and Privacy Insurance protects businesses against liability claims or losses associated with collecting personal information about their customers or selling their products or services on the internet.

Protect your product

Product Liability Insurance protects businesses against liability claims because of injury or damage resulting from the use of a covered product.  Many dispensaries and cultivators do not have product liability, yet it is one of the most important coverages you should have.  This can be a major issue for cannabis businesses since we hear in the news often that products can be tainted with pesticides or have inappropriate levels of THC.  

Product Recall Insurance protects businesses against the losses associated with pulling a product off the shelf including retrieval, shipping, destruction and even public relations costs.

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Protect your people

Workers Compensation protects business and employees against losses associated with bodily injury costs incurred to employees during the course of their employment.  This can be a major issue for cannabis businesses since worker-related injuries are a big risk in grow operations.

Group Health Insurance protects employees and often their families with employer-subsidized health insurance premiums.  Group health insurance helps to motivate and retain employees as part of their compensation package.

Protect your place and your stuff

Property Insurance protects businesses against the losses associated with your property, inventory, plants, equipment and pretty much all of the items you have in your place of business that are caused by perils like theft, fire, smoke, explosion, equipment breakdown, water damage, vandalism, hail and wind.  It’s important to know which perils are covered when you buy insurance since many are not automatically covered under a standard policy.  Grow fires and theft are two perils that are major issues in the cannabis industry and are points of concern to insurance carriers.

cannabis dispensary
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Protect your ride

Commercial Auto and Delivery Insurance protects businesses against liability claims and losses associated with the transport and delivery of medical marijuana stock and other products.  These policies are usually written separately for autos owned by the business and autos not owned by the business.

Armored Vehicle Transport Insurance protects businesses that use armored vehicles to transport large amounts of cash.

Protect your rights

State Raid and Legal Defense Insurance protects businesses and people against the costs associated with being raided or arrested by a governmental authority arising from doing business in the cannabis industry.  Does NOT include federal raids or arrests.

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