High-Risk Business Calls for Unparalleled Coverage
While the Hemp and Cannabidiol (CBD) industry is quickly expanding and evolving, it is increasingly susceptible to industry-specific risks, such as:
Without commercial property insurance, you may have to pay for the loss, damage, or theft of your business assets out of pocket.
- Although the cultivation and sales of CBD and Hemp have been legalized, they are still regulated at the federal level, while states are allowed to stipulate specific laws concerning hemp cultivation. So, if you are not current with the state laws, you could be subject to potential compliance issues.
- Adverse customer side effects may lead to product liability claims that demand product recalls, damage your reputation, and even halt your business operations.
Other risks include:
- Property damage
- Theft
- Equipment mishaps
- Transportation issues
- Employees and workers-related claims
What We Have to Offer at GrayStone
At GrayStone Insurance Group, we provide the following types of CBD and Hemp business insurance
General Liability Protects your business against third-party liability claims for property damage and bodily injury caused on your premises or by your operations, products, completed operations, or advertising
- Stock
Covers damage to the inventory/stock that is in your business’ custody and control - Product Liability
Protects your business in case your product causes bodily injury or property damage to your customers - Commercial Property
Covers damage to your business property and its contents, including your building, tools, equipment, inventory, and personal property used for business, from perils, such as fire, theft, vandalism, and natural disasters - Inland Marine
Covers damage and theft of your CBD and Hemp products during transit over land - Workers’ Compensation
Compensates your employees if they are injured at work and protects your business from related lawsuits - Employment Practices Liability
Provides coverage for lawsuits and claims related to employment violation, including wrongful termination, discrimination, workplace harassment, and retaliation
- Crime Protection
Covers loss of money, securities, and other assets resulting from employee theft, third party forgery, and impersonation fraud (social engineering) - Umbrella/Excess Liability
Provides extended coverage when you are faced with an extensive lawsuit that exceeds the limits of your other business insurance policies - Business Interruption
Covers lost income and other expenses including, employees’ wages if a covered peril forces your business to shut down temporarily - Hired and Non-Owned Auto (Delivery)
Covers liability expenses of at-fault accidents caused by vehicles rented/used for your business purposes - Equipment Breakdown
Pays to repair or replace equipment that is damaged after a mechanical or electrical failure and also covers the resulting loss of income
Secure Your Cannabis Operations with Our Custom-Tailored Insurance
Whether you are a CBD/Hemp manufacturer, distributor, or seller, GrayStone Insurance Group can help you meet, and often exceed, industry-standard requirements for commercial insurance. Our coverage is built around the difficult-to-cover risks and exposures of the CBD and Hemp industry, ensuring unmatched protection against liabilities. Our compassionate and well-informed insurance professionals will educate you on the coverage options you may need to protect your business at all times so you can focus on growing and scaling your business without worrying about the potential risks.
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