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The possibilities in the manufacturing field of cannabinoids is limited only by your imagination. Markets for oils, supplements, edibles, cosmetics and smokable products are already well established. Ensuring the products, the equipment used to create them and the people along the process are all protected is the primary goal with Manufacturing Insurance.
Insuring against your business for direct physical loss and general liability is going to mitigate any loss that you may incur. Because the industry has a lot of discretion in what a manufactured product may look like, taste like or feel like, there is the potential that when the consumer ingests your finished product, a liability claim may exists.
Sickness, physical damage, bodily injury, etc may be a reason you could be pulled into a lawsuit. Aside from the product liability, your equipment would need to be insured for direct physical loss so that we can get you operational in no time.
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Coverage and availability varies by risk type, state and insurance carrier. Not all coverages are available as specified and there are many variances among carriers.
