Cannabis General Liability Provides Basic Coverage
General liability insurance is coverage that can protect you from a variety of claims including bodily injury, property damage, personal injury and other situations that may arise including slander, libel, copyright infringement and more.
The three main categories of coverage include:
- Premises Liability: This coverage is to suffice a lease requirement for slip, trip and fall hazards.
- Medical Payments: Supplements medical payments for slip, trip and falls and can prevent occurrence claims.
- Hired/Non-hired auto: Incident liability coverage provided to vehicles being used in the cannabis business.
We recognize that general liability insurance is not always required and that it is tempting for cannabis business owners to forgo the expense. Unfortunately, a single accident could result in a lawsuit that quickly uses up resources and often results in compromising the business, or worse. General Liability doesn’t only pay for damages, it may also provide costly legal defense. When you obtain general liability coverage, you are investing in protection that will keep your business running during the natural “ups and downs” of business.
Why Do You Need Cannabis General Liability Insurance?
As a cannabis business owner, you may be legally responsible if a person suffers personal damage or damage to their property while at your place of business or due to the work you performed. You need cannabis general liability insurance if you or your employees:
- Have face to face interaction with customers
- Access to a customer’s property
What Does Cannabis General Liability Insurance Usually Cover?
- Bodily Injury
Even when the best precautions are in place, accidents and injuries can still happen. Cover Cannabis provides access to general liability insurance that can cover claims by third parties for bodily injuries.
If you work in an office, store or even at a customer’s location, general liability coverage can protect you from lawsuits and claims.
- Medical Expenses
If an accident happens and someone other than you or an employee is injured, your general liability policy can cover the associated medical expenses for each injured person. Take note that medical expenses can easily reach thousands of dollars, even for minor injuries. Protect yourself and your cannabis business with a general liability insurance policy.
- Property Damage
Damage to someone else’s property, whether caused by you or one of your employees, can potentially create huge expenses that you as a business owner would be responsible for. When an accident happens, it can be a difficult to estimate the cost of another person’s property damage and to assess the financial damage that may result. This is why it is wise to protect yourself and your business with a general liability insurance policy.
- Legal Fees
Legal fees can be really expensive if you do not have a plan in place for your defense. Your general liability insurance policy can cover costs on your behalf reducing your limit of liability.
Let one of our Cover Cannabis expert agents provide you with additional information. Get a free quote today!