The increasing threat of natural disasters is sweeping across the United States, causing panic for many cannabis businesses. How should a cannabis operation prepare for natural disasters? Especially growing operations both indoors and outdoors who are particularly vulnerable to damage from flooding, fires and winds?
The market for cannabis-related business coverage is growing rapidly, and there is coverage for cannabis operations. When looking insurance for your cannabis business, it is important to make sure that the provider has cannabis-specific coverage – including cannabis crop insurance and coverage for property damage. Insurers who provide coverage for cannabis companies know which policies are necessary for natural disasters.
Cannabis Crop Insurance
Cannabis crop insurance is an insurance policy that covers you in the event of loss to your crop. Just recently, tropical storms hit Florida while fires continue to pollute northern California grow facilities. If anything were to happen to your crops, you could lose everything. Crop policies normally provide protection from fire, lightning, wind, hail, sprinkler leakage and theft. It is important to be aware of what crop coverage will mean for your particular business operation.
Cannabis Property Insurance
Cannabis property insurance is also very important to maintain in the event that a natural disaster was to happen. Property policies for cannabis businesses can provide coverage for your building, personal property, cannabis inventory, equipment, and loss of income.
At National Cannabis Insurance Services, we provide expert advice on what is the best way to protect your cannabis business from natural disasters. Contact us today to learn exactly what needs to be covered for your business’ protection as well as what steps to take if a storm or fire were to temporarily wipe-out your legal cannabis organization. Allow us help you with a free quote!