Client Industry

Retail Dispensaries

Having robust insurance coverage can help a dispensary withstand the ever-changing climate of the cannabis industry and its regulations. Similar to any retail business, a dispensary has traditional, that can be insured, but it also has a layer of complexity due to the highly regulated nature of the business as well as conflicting federal and state laws. The potential for disaster is very real, and it includes burglary, fire, theft, and vandalism. We offer a full line of insurance products designed to mitigate the financial stress should these threats strike your dispensary.

 

Suggested coverages for retail dispensaries include: General Liability, Product Liability, Commercial Property, Business Owners Policy, Business Interruption, Cyber Liability, Errors & Omissions, and Workers' Compensation. Read more about the policies below or contact us for a free consultation and quote!

General Liability

Broad type of insurance policy that provides liability coverage for general business risks including personal injury, bodily injury, property damage caused by the business or its products.

Product Liability

Coverage for products that your company either manufactures or sells in the event of a product defect that causes injury or property damage where your business could be held liable. 

Commercial Property

Coverage for the risk of disasters or other covered perils to your business property and equipment such as inventory, fixtures and furniture, point of sale equipment or other items used. 

Business Owners Policy

A business owners policy combines property and liability coverage into one package. It's popular among medium sized businesses such as retail stores, wholesalers and contractors.

Business Interruption

Insurance that covers the loss of income that a business suffers after a disaster, typically carrying with Virus-Exclusion clauses but this is a widely debated topic in the midst of COVID-19.

Cyber Liability

A specialty lines policy that protects businesses from internet-based or cyber related risk to IT infrastructure, such as data destruction, hacking, extortion, theft or a denial of service attack.

Errors & Omissions

Typically known as E&O, this policy helps protect you from the cost of lawsuits that claim your business made a mistake in professional services such as court costs or settlement fees. 

Worker's Compensation

Insurance providing wage replacement and medical benefits to employees injured during employment in exchange for the employee's right to sue his or her employer for negligence.

Don't see the Policy you are looking for? We offer over 50 policies from 30 different carriers. If we can't find one for you, we can build a custom policy to suit your needs. 

As of May 2020, 101 lawsuits seeking coverage from COVID-19 damages have been filed in federal court with that number expected to climb into the thousands, according to Claims Journal. The 101 cases, which exclude suits filed in state courts, rally around determining whether COVID-19 should trigger business interruption coverage due to government mandated closures of businesses such as restaurants, beauty salons, daycares, and other storefronts... READ MORE