A Comprehensive Guide to Cultivation Licenses for Cannabis and Hemp
Learn more about Cannabis Cultivation and getting them covered through Blitz Insurance
Comprehensive Coverage for Cannabis Dispensaries
For insurance brokers, serving the needs of clients in the cannabis industry can be a rewarding yet complex task. You understand the importance of finding the right insurance solutions for businesses operating in this dynamic field. That's where Blitz Insurance comes into play. We offer General Liability, Products, and Property coverage tailored specifically for Cannabis Retail and Dispensary Businesses, covering both Cannabis and Hemp/CBD stores, as well as both medical and recreational facilities. In this blog post, we'll delve into the specifics of our coverage, equipping you with valuable insights to assist your clients in making informed decisions for their dispensaries.
Our insurance product is designed to cater to the distinct needs of cannabis dispensaries. Here are some key specifics you should be aware of:
a. Maximum Square Footage: Our coverage extends to dispensaries with a maximum of 35,000 square feet.
b. Maximum Sales: We provide coverage for dispensaries with sales of up to $15 million.
a. Hired and Non-Owned auto coverage covers the exposure of employees using their personal vehicles for company business, like running errands. Coverage is not available for operations that deliver to their customers.
a. We offer General Liability coverage with limits of up to $1 million per occurrence and up to $2 million in aggregate.
a. General Liability is available on both Occurrence and Claims-Made forms, allowing you flexibility in choosing the right form for your client's specific needs.
a. It's important to be aware that operations that sell synthetic cannabis products are ineligible for Product Liability coverage.
To help you plan your clients' insurance budgets, here are the minimum premiums for each type of coverage:
• General Liability (GL): $500 per policy, per location.
• Cannabis Personal Property: $250 per policy.
• ProductsLiability: $700 per policy.
At Blitz Insurance, we understand the unique risks and challenges that cannabis dispensaries face in today's dynamic market. Our tailored coverage is designed to provide your clients with peace of mind and financial protection. Whether your clients operate a small, local dispensary or a larger, multi-location business, we have solutions to suit their needs.
Our experienced team is well-versed in the intricacies of the cannabis industry and is dedicated to helping you navigate the insurance landscape. We are committed to providing exceptional service and prompt, reliable claims support to ensure your clients' businesses remain secure and operational.
To discuss your client's specific insurance needs or obtain a quote for their cannabis retail or dispensary business, please contact our team of experts. We're here to assist you in safeguarding your clients' enterprises and ensuring their continued success.
In the ever-evolving world of cannabis retail, having the right insurance partner can make all the difference. Trust Blitz Insurance to protect your clients' dispensaries, so they can focus on what they do best –serving their customers and growing their businesses.
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