Insurance Most Needed by Cannabis Businesses

February 10, 2020

The NAIC’S Cannabis Insurance Working Group in a recently approved white paper identified some of the most pressing insurance needs of cannabis businesses.

Insurance most frequently needed by the cannabis industry includes:

  • Automobile, including Distribution (auto and cargo)
  • Commercial General Liability
  • Crop (Indoor/Outdoor)
  • Crime Insurance
  • Disaster Coverage
  • Director and Officer Liability
  • Employment Practices Liability
  • Equipment Breakdown
  • Errors and Omissions
  • Excess/Umbrella
  • General Liability
  • Product Liability
  • Premises Liability
  • Property
  • Surety Bonds
  • Workers’ Compensation
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