Laboratory (Lab Testing & Product Anaylsis)

Laboratory

Laboratories performing testing on cannabis flower and other products are vulnerable to significant claims. Approving and verifying products that will be consumed by the user places the liability of these goods on the testing agent.

  • General Liability
  • Property Insurance
  • Workers Compensation
  • Auto Insurance
  • Health Insurance

Recommended Coverage

Errors & Omissions

Errors and Omissions is also known as Professional Liability provides Defense Costs of a claim deriving from miscalculations, inaccurate data, wrongful analysis or other professional services performed by your company.

Lab testing of products most commonly utilizes E&O to protect from miscalculations causing approved products to be consumed.

Equipment Breakdown/Inland Marine

The capital equipment invested in your operation needs protection. Theft or breakdown of scheduled equipment provides Replacement Costs to acquire equipment of like value.

Inland Marine is another term utilized for Equipment Coverage. Equipment can be insured regardless of location.

Tenants Improvements and Betterments

Extraction and manufacturing companies that modify their premises or building to accommodate regulations or needs of production can insure the improvements made.

In the event of a fire, catastrophic loss or property damage you can be reimbursed for the invested capital for the accommodation made.

Cargo

Property coverage is limited to the scheduled locations and does not apply while goods are in transit. Cargo fills this void and insures the goods in the event of a loss. Short Term/Special Event Cargo Policies are also available for larger single deliveries that exceed your existing limits of insurance.

Crime

Cannabis risk experience high crime risks. Theft of plants, harvest, manufactured goods or cash is insurable. Security measures only protect your business until they don’t. Insurance is available for complete peace of mind.

Pollution Liability

The extraction process produces pollution to the surrounding area.

This coverage provides Defense Costs and resolutions should the pollution surpass allowed limits.

General Liability and Workers Compensation Policies are required by State Law and the Bureau of Cannabis Control

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