The worldwide dealer Hub International Limited has introduced the launch of Hub Cannabis Dispensary Insurance. The product, accessible by way of Hub’s digital business insurance coverage platform, streamlines the best way medical or leisure hashish dispensaries in each authorized market within the US can safe enterprise protection, the corporate mentioned.
Cannabis dispensaries face dangers together with crime, property harm, product legal responsibility and normal legal responsibility. In the US, insurance coverage choices for hashish retailers are restricted, and securing insurance coverage could be a problem, Hub mentioned.
“Through Hub Cannabis Dispensary Insurance, dispensaries can now easily and quickly get quotes and buy online insurance coverage to protect them, stay ahead of the rapidly changing industry’s risks and give them confidence in the coverage to ensure their property and products are well protected,” mentioned Jay Virdi, chief gross sales officer for Hub’s hashish follow. “Hub is intimately familiar with the intricacies of the cannabis industry and now offers an efficient way to secure reliable and affordable coverage options and rates for cannabis dispensaries.”
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The insurance coverage affords the next coverages:
- General legal responsibility: protection for bodily accidents and property harm claims
- Product legal responsibility: protection for authorized bills related to claims {that a} product made, bought or distributed brought about an harm or property harm
- Commercial property: protection for the constructing and its contents, together with owned or leased tools, and outside fixtures resembling fences and indicators
Hub Cannabis Dispensary Insurance is underwritten by SafeHerb, a full-service MGA that gives property casualty safety for the hashish and hemp industries.