☰ ˟
Contact Us Today / 800.366.6466
Logo
  • HOME
  • GET A QUOTE
    • Cannabis Industry
    • Trucking
    • Dental Laboratory
    • Denturist
  • PRODUCTS
    • Cannabis IndustryImage of right arrow
      • Cannabis Manufacturers Insurance
      • Cannabis Retailers Insurance
      • Cannabis Property Manager Insurance
    • Trucking
    • Dental Laboratory
    • Denturist Insurance
  • CUSTOMER SERVICE
  • RESOURCES
    • Refer a Friend
    • Important Files
    • Insurance Glossary
  • ABOUT US
    • About Us
    • Location Map
    • Privacy Policy
  • CONTACT
    • Contact Us
    • Join Our Newsletter

What type of coverage do you need?
Home > Blog > Your Need for Cannabis Product Liability & Recall Coverage
SUNDAY, MARCH 28, 2021

Your Need for Cannabis Product Liability & Recall Coverage

If you are embarking on a new adventure in the legal cannabis industry, you must recognize that you are entering a new industry, too. Though recreational and medicinal cannabis use is becoming legal across the nation, it’s still an emerging market, and one that comes with considerable liabilities. 

As a grower, manufacturer, distributor or dispensary within this industry, you must recognize that you are dealing with a product that until a few years ago was banned throughout the U.S. There are still considerable risks associated with cannabis use, and by providing it to the public you must take responsibility for any problems that consumers might experience. 

It is when consumers experience problems that liability insurance will come in handy. It is designed to offer you coverage when you make mistakes that influence others. Two of the specific benefits that cannabis businesses might need are product liability and product recall insurance. cannabis

Cannabis Product Liability Insurance 
Cannabis in any form is something that must be consumed by the user to have any effect. However, when it enters the body, there is always going to be a risk that the product will cause harm. If it does, then the consumer’s losses might be the fault of the cannabis provider.  

A cannabis user consumed this product in good faith that it would not do them harm. When they do sustain harm, however, they might find fault in the supply chain. They might blame the dispensary, grower or other party for their losses, and could take legal action against the business as a result. It is product liability insurance that will provide the assistance necessary to allow the impacted businesses to compensate the impacted party appropriately. 

Recall Insurance 
Cannabis products, like all agricultural products, contain perishable goods. Throughout the growing, processing and distribution process, something could go wrong, and contamination might occur. Therefore, you might be forced to issue a recall notice, which could trigger a significant financial loss and a downturn in income because you can’t market your products. 

This policy can help you cover your own financial losses and will also extend financial assistance to others in the supply chain if necessary. If you find that your consumers have suffered losses as a result of the recall, or that they suffered harm before the recall could take effect, then this policy can work alongside your product liability insurance to provide appropriate benefits. 

All in all, you must be prepared to take responsibility for problems that consumers might experience with your cannabis products. Tailored product liability and recall insurance benefits are the policies that will help you do so. Speak to one of our agents today to learn more about the finer points of coverage. 

Posted 3:24 PM

Tags: cannabis
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2022
  • 2021
  • 2020

  • cannabis(6)
  • insurance(6)
  • dispensary(4)
  • marijuana(4)
  • cannabis insurance(4)
  • trucking(3)
  • commercial property(2)
  • trucking insurance(2)
  • commercial(1)
  • independent contractor(1)
  • refridgerated(1)
  • policy(1)
  • product liability insurance(1)
  • gas transports(1)
  • coverage(1)
  • federal legalization of cannabis passed u.s. house(1)
  • equipment breakdown(1)
  • agent(1)
  • denturist(1)
  • contractor insurance(1)
  • lastmile tech trends options(1)
  • dental laboratories(1)
  • contractor(1)
  • crop insurance(1)
  • transporters(1)

View Mobile Version

Our Customer Feedback Coming Soon

Read More

Our latest blogs

  • Carrier
  • Carrier
  • Carrier
  • Carrier
  • Carrier
  • Carrier
Sebrite Agency, Inc.
5421 Feltl Rd, Suite #140
Hopkins, MN 55343
Building partnerships with individuals and businesses through a team effort that embraces service and integrity while providing product knowledge and client needs.
We're here for you
Home Page/ About Us/ Contact Us/ Our Blog/ Refer A Friend
Quick Help Links
Quote Forms/ Service Forms/ File a Claim/ Make a Payment/ Insurance Glossary/ FAQs
Icon Icon
Icon Icon Icon
Social Icon Social Icon\ Social Icon
© Copyright. All rights reserved. Powered by Insurance Website Builder