Because of the constant innovation in the sector, your business’s needs are not going to be unique. This is why you want to work with an insurance company that will customize solutions for your needs. Here’s a look at the benefits of hemp and marijuana insurance:
- Product liability: Producers must ensure that their products’ labelings reflect the quantities of THC and cannabinoids. While strict quality control is often in place, getting covered for any mishaps is always a good precautionary measure.
- Product recall: Like in any other business, recalling a product is a very expensive process. Having the correct policy can help you mitigate these costs.
- Infestation coverage: Being a grower has risks that can be out of your control. If your crops are affected by pests, you may look at severe losses. Having coverage for these situations will help you get back on track quicker.
Whether you are a grower or a store owner, hemp and marijuana insurance should be a top priority. Contact Prince Insurance to find what plan suits your needs.