Marijuana retailers are part of a small community. They have regular and sometimes unusual customers. The industry is presenting opportunities for companies to provide support to marijuana businesses. From banking to transportation, there are significant challenges for this new and controversial business sector.
As an alternative to opioid misuse and abuse, this sector is growing, quite literally. Like all businesses, there are significant investments of time and resources required. With that comes the need to protect that investment with insurance policies tailored to fit the customer's need.
Insuring marijuana risks
From the acceptance of risk by insurance companies and written policies come the natural potential for subsequent claims. These businesses are susceptible to claims to their buildings and their inventory. They will also be likely targets for claims for liability to others arising out of their normal operations. Claims professionals must be prepared to assess risks and exposures and address these unique insurance customer needs.
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