Insurance Most Needed by Cannabis Businesses

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