WHAT YOU CAN DO TO PROTECT YOUR BUSINESS The cannabis industry is fraught with liability for business owners: changing regulations, counterfeiting, compliance, and cyber security to…
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.
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Certainly, every stage of the cannabis supply chain has unique liabilities and risks.
However, Millers Insurance Group’s range of coverage and policies will address the needs of cannabusinesses at any level of the marijuana industry.