The most successful dispensaries establish their operations in a way that will withstand the changing laws, regulations, as well as the ups and downs of business. It is more important than ever to protect your investment. In addition to general liability insurance (which is usually required), there are a number of other options you have to choose from to recover from an unfortunate event. Evident in today’s news, product liability is extremely important in the event that a customer ingests a product resulting in sickness, accident, or crime and decides to attempt to hold you responsible. Even if the incident was not your fault, the point of sale is usually the first target in litigation. Don’t forget about workers compensation insurance. Workers comp is a compulsory coverage; therefore, required by law. If you have employees, you need workers comp. In most states the fines and penalties for operating without workers comp are significant and may even include jail time.
Talk to one of our Cover Cannabis expert representatives today, and learn about the different coverage options available for your dispensary. Get a quote today!