Hemp and CBD Insurance

Grow Your CBD and Hemp Business Confidently with Our Specialized Coverage*

Unlike any other industry, CBD and Hemp businesses carry a high risk of product liability claims and legal disputes, which most insurance companies hesitate to cover. However, at GrayStone Insurance Group, we offer all-in-one coverage for your CBD and hemp business with customized protection for your equipment, tools, employees, and properties.

Whether your product is ingestible or topical, we will protect you with the coverage you need.

*GrayStone Insurance Group provides Hemp and CBD coverage for all states where marijuana is prohibited, in accordiance to state ordinances.

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.