Cannabis retail businesses, wholesalers and contractors should all consider combining property and liability coverage into one package with a BOP.

A business owner’s policy (BOP) combines both property and liability insurance into one package. This is different from a standard commercial property insurance policy, which only covers the building and its contents while they are on the premises of your business. A BOP will provide much broader coverage for your business’ property and liability risks.

Group Property and Liability Insurance Together for a Comprehensive Cannabis Business Owner’s Policy (BOP)

A BOP can be tailored to meet your specific needs as a cannabis-related business. If this is new territory for you, consider talking with an agent about your options before purchasing insurance for your business.