Missouri Cannabis Liability Insurance
Protects your business and assets when you are sued for negligence.
Does Not cover your property!
A General Liability policy Does Not cover every incident.
Product Liability
Product liability for the Cannabis industry provides coverage in the event you are sued for producing a product that caused harm to others. It does not matter if you actually did something wrong or not, the cost of defense alone can be financial devastating. The majority of Cannabis general liability policies exclude product liability
EPLI
When you are sued by an employee for wrongful termination, discrimination or harassment a general liability policy will not provide coverage. An Employment Practices Liability policy will protect your Cannabis business and will cover the legal costs as well as any potential damages up to the limit of the policy
Excess Liability
Provides additional liability coverage in the event the general liability or other underlying liability policies are exhausted. So if your liability occurrence or aggregate limit (this is the most the policy will pay out during the policy term for an individual occurrence or the policy as a whole) have been reached you would be responsible for the balance of the judgement and or legal fees.
Missouri Cannabis Property Insurance
Multiple coverages are available depending on your specifics needs
Once again you can pick and choose.
Business Personal Property - BPP
Provides coverage for your furniture, equipment, computers and supplies. Basically if you took your business and shook it upside down just about everything that falls out would be considered BPP. Harvested material & completed stock are the exception and ARE NOT covered under Business Personal Property
Building Coverage
Provides coverage to rebuild your building. Keep in mind the building limit is based on the cost to repair or rebuild the building. The building limit is NOT the same as the sales price which normally includes the land. It is based on the current costs associated with labor and materials
Missouri Cannabis Operations
Commercial Auto, Workers Compensation, Life & Medical
Multiple coverages are available depending on your specifics needs
Once again you can pick and choose.
Commercial Auto
A personal auto policy will not cover transportation or delivery of Cannabis. If you have a claim and you only have a personal auto policy, and the vehicle was being used for the transportation or delivery of Cannabis the carrier can actually decline the claim. A Commercial Auto policy provides the protection you need for transportation and or delivery of your cannabis products.
Insurance For Cannabis Growers In Missouri
In todays market their are many agents that can provide insurance for the Cannabis growers of Missouri, unfortunately they only have access to 1 or 2 carriers who will offer coverage to Cannabis businesses, this limits YOUR options.
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CannaShield Insurance Services specializes in Cannabis Insurance for Missouri Cannabis growers. We normally save our new clients 15% to 30% their first year. How? We have carriers who specialize in Cannabis Insurance that other agencies do not have access to. Currently we have 15 carriers that will offer Insurance for Missouri Cannabis growers.
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Each year we will submit your application to 4 or 5 of the most competitive Cannabis carriers and let them compete for your business. Believe it or not if a carrier finds your Cannabis grow a good fit for their program, they will actually offer discounts to earn your business.
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Why shop your rate every year? The market is always changing, new carriers will enter the market with a specialized program for Cannabis growers, while others will take a rate increase or decrease. Yes sometimes rates do go decrease, even in the Cannabis environment. It is never the same year to year.
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Quotes are free - Let CannaShield Insurance Services show how we can save you money .
Insurance For Cannabis Processors In Missouri
In today's insurance market, there are several agents who claim to provide coverage for Missouri's Cannabis processors. However, most of these agents only have access to a limited number of carriers who offer coverage to Cannabis businesses. This often leaves you with restricted options.
At CannaShield Insurance Services, we understand the unique needs of Missouri's Cannabis processors and specialize in providing comprehensive Cannabis Insurance solutions. Our approach has helped new clients save between 15% to 30% in their first year. How do we do it? We have established partnerships with several carriers who specialize in Cannabis Insurance for Missouri, which other agencies don't have access to. In fact, we currently work with 15 carriers who offer Insurance for Cannabis processors. Every year, we go the extra mile by submitting your application to 4 or 5 of the most competitive Cannabis carriers and let them compete for your business. Interestingly, if a carrier finds your Cannabis processing operations to be a good fit for their program, they may offer discounts to earn your business.
The insurance market is constantly evolving, and new carriers are entering the market with specialized programs for Cannabis processors. At the same time, other carriers may take a rate increase or decrease, which means it's never the same year to year.
We offer free quotes, and our team at CannaShield Insurance Services is dedicated to finding the most cost-effective coverage options for your Cannabis processing operations. Allow us to show you how we can help you save money while providing you with comprehensive coverage.
Insurance For Cannabis Manufacturing In Missouri
Missouri Cannabis Laws
CannaShield Insurance Services team members are well-versed in the various extraction methods used in Cannabis manufacturing, such as CO2 extraction, lipid-based extractions, and ethanol-based extraction. We're knowledgeable about THC oil, BHO oil, and RSO, and we're always keeping up-to-date with the latest trends and innovations in the cannabis industry.
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The thriving market for Cannabis products in Missouri is growing at an exponential rate, and Cannabis manufacturers of gummies, oils, RSO, drinks, and other products are flourishing. However, with growth comes risk, and insurance coverage for Cannabis businesses is limited. While there are many insurance agents who can provide coverage for the cannabis industry, many only work with one or two carriers, which can limit YOUR options and potentially cost you more.
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This is where CannaShield Insurance Services steps in. We specialize in providing comprehensive and affordable insurance coverage for Missouri Cannabis manufacturers. We work with carriers who have specific expertise in this industry, which allows us to offer our clients coverage options that other agencies simply cannot. We're proud to say that we normally save our new clients between 15% to 30% in their first year. How do we do it? We submit your application to several of the most competitive Cannabis carriers and let them compete for your business. When a carrier finds your Cannabis business a good fit for their program, they may offer discounts to earn your business, which ultimately saves you money.
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At CannaShield Insurance Services, we understand that the Cannabis insurance market is always changing, that's why we shop your rate every year to ensure that you're getting the best coverage for your Cannabis manufacturing business at the best price. Each year new carriers enter the market with specialized programs for Cannabis manufacturers, while others may take a rate increase or decrease. It may be hard to believe but sometimes, rates even decrease in the Cannabis environment, which is why it's important to have a trusted insurance partner on your side.
As a Cannabis manufacturer in Missouri looking for affordable and comprehensive insurance coverage, look no further than CannaShield Insurance Services. We offer free quotes and are always here to answer any questions you may have. Let us show you how we can save you money and give you the peace of mind you deserve.
Insurance For Cannabis
Transportation & Delivery In Missouri
New Missouri Cannabis Laws 2023
Are you ready to elevate your transportation or delivery business in the Cannabis industry? As the demand for legal Cannabis continues to rise, so does the need for reliable and secure transportation and delivery services. However, finding the right insurance coverage for your Cannabis delivery service can be a daunting task. Many agents claim to offer insurance for Cannabis related transportation and delivery services, but only a few have access to carriers that specialize in this unique field. This can limit your options and leave you vulnerable to potential risks. But fear not! CannaShield Insurance Services is here to help!
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CannaShield Insurance Services specializes in insurance for Missouri's Cannabis
transportation and delivery businesses. We are proud to say that we normally save our new clients 15% to 30% in their first year. How? We have carriers who specialize in Cannabis insurance for Missouri transportation & delivery services, that other agencies do not. Currently, we have multiple carriers that offer insurance for transportation and delivery of Cannabis products in Missouri. Each year, we will submit your application to 4 or 5 of the most competitive cannabis carriers and let them compete for your business. Believe it or not, if a carrier finds your Cannabis transportation or delivery business a good fit for their program, they will actually offer discounts to earn your business.
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Why shop your rate every year? The Cannabis insurance market is always changing. Carriers will enter the market with specialized programs for Cannabis transportation and delivery, while others will take a rate increase or decrease. Periodically rates do go down, even in the cannabis environment. The Cannabis Insurance market is never the same year to year. When it comes to Cannabis transportation or Cannabis delivery, it's essential to keep in mind the potential dangers that come with the job. From traffic accidents to theft and robberies, your Cannabis operation and your employees face unique risks.
At CannaShield Insurance Services, we understand the risks associated with Cannabis delivery & transportation, and are committed to providing you with the best coverage to protect your Cannabis business and employees. Give us 10 minutes of your time, so we can show you how we save Cannabis delivery and transportation operations you money and provide you with peace of mind. Quotes are free.
Insurance For Missouri Cannabis
Dispensary's / Retail Including Non-Store Front
New Missouri Cannabis Laws 2023
As a Cannabis dispensary owner in Missouri , are you frustrated by the lack of insurance options available to Cannabis businesses? It's a common issue in today's market, where many insurance agents claim to offer coverage for the Cannabis retail business but only have access to a limited pool of carriers. This restricted selection can leave you feeling trapped, but fear not, CannaShield Insurance Services, specializes in providing comprehensive coverage options specifically tailored to the needs of Missouri Cannabis dispensaries including non-store front operations.
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At CannaShield Insurance Services, we specialize in providing insurance for Missouri cannabis dispensaries. We take pride in saving our new clients between 15% to 30% during their first year. How do we achieve this? We have exclusive access to carriers that cater to Missouri Cannabis retailers that other agencies do not. Currently, we have 10+ carriers that offer insurance for Cannabis dispensaries. Each year, we submit your application to a number of the most competitive Cannabis carriers and let them compete for your business. If a carrier finds your Cannabis dispensary including non-store front operations to be a good match for their program, they will offer discounts to earn your business.
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Keep in mind, CannaShield will shop your rate each year, because the Cannabis insurance market is always evolving. New carriers come in with customized programs for Cannabis retailers / dispensaries, while others may increase or decrease their rates. Even in the Cannabis Insurance environment, rates may decrease at times. It's never the same year after year.
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We offer free quotes, and we'd be pleased to demonstrate how CannaShield Insurance Services can save your Cannabis retail business money. Reach out to us today to receive a quote in 24 to 36 hours.
Insurance For Missouri Property Owners
With Cannabis Tenants
As the cannabis industry continues to grow, more and more landlords are renting their properties to cannabis tenants. Unfortunately, preferred carriers will not accept a building occupied by a cannabis tenant, that is where we come in.
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CannaShield Insurance Services has access to 10+ carriers that have designed insurance programs for property owners with cannabis tenants. Many agencies work with 1 or 2 cannabis carriers, this limits your options. Insurance markets for property owners with cannabis tenants are constantly changing, some carriers will stop writing coverage and others will jump into the market with a new program. We earn and retain our clients by submitting their application to multiple carriers each year to provide them with the coverage and limits they chose, at the lowest price available.
Property 101
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The building limit represents the amount needed to rebuild / repair the building in the event of a covered loss. These costs will vary from county to county and can change every year. When determining your building limit, you need to consider the cost of materials and labor as well as the quality and square feet of the building.
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Ordinance & Law – When an insurance carrier provides building coverage, they do not always include Ordinance & Law and if they do it is very minimal. Ordinance & Law provides additional funding to comply with local & state Laws or Ordinance that were enacted after your property was built. The costs to comply with these requirements are usually unknow until after the claim and you are working on the building permit.
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Business Income – In the event of a covered loss business income will provide monthly installments to cover the loss of rental income until the rebuild is completed or the limit is reached.
While it's important for property owners to respect their cannabis tenants' rights, it's also important for them to maintain control over their properties. This means setting clear rules and regulations around property use, modifications, and compliance, and enforcing these rules when necessary. Property owners should also regularly inspect their properties to ensure that tenants are complying with these rules and maintaining the property in good condition.
Cannabis tenants may need to make modifications to the property in order to grow or sell cannabis. These modifications can range from simple changes to electrical or plumbing systems to more complex renovations that require building permits. Property owners should work closely with their tenants to ensure that any modifications are made safely and in compliance with all applicable laws and regulations.
Insurance For The Missouri
Hemp Industry
Missouri Hemp History
Hemp Insurance in Missouri -
In Missouri, hemp insurance is particularly important due to the state's thriving hemp industry. As the leading hemp-producing state in the United States, Missouri cultivates hemp for various purposes, including CBD production, fiber production, and more. With the changing regulations surrounding hemp cultivation and the associated risks involved, it is crucial for hemp farmers and businesses in Missouri to secure adequate insurance coverage.
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Missouri's diverse climate poses unique challenges for hemp farmers, as they must navigate extreme temperatures, wildfires, droughts, and other weather-related risks. Hemp insurance helps mitigate these risks by providing coverage for crop loss and damage caused by adverse weather conditions.
Moreover, Missouri's robust hemp industry includes numerous businesses involved in processing, manufacturing, and distributing hemp products. These businesses face their own set of risks, such as product liability claims, equipment breakdowns, and theft. Hemp insurance provides the necessary protection against these risks, allowing businesses to operate with confidence and peace of mind.
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Hemp insurance coverages vary depending on the policy and insurer, but they generally encompass the following areas:
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Crop Loss and Damage: Hemp crops are susceptible to various perils, including adverse weather conditions, pests, disease, and fire. Hemp insurance provides coverage for the loss or damage to the crop, ensuring that farmers are protected financially in the event of crop failure.
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Theft and Vandalism: Hemp plants are valuable commodities, making them potential targets for theft and vandalism. Hemp insurance covers losses resulting from theft or malicious acts, helping hemp farmers recover financially from such incidents.
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General Liability: Hemp insurance typically includes general liability coverage, which protects hemp businesses from third-party claims for bodily injury or property damage that occur on their premises or as a result of their operations. This coverage is particularly important for businesses that process and distribute hemp products.
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Product Liability: As the hemp industry expands, so does the need for product liability coverage. Hemp insurance can include coverage for claims arising from the use of hemp-derived products, including claims related to contamination, labeling issues, or adverse reactions. Having product liability coverage safeguards hemp businesses from potential lawsuits and financial losses.
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Transportation: Hemp insurance can extend coverage to protect hemp products during transportation. Whether it's shipping hemp biomass to a processing facility or distributing finished products to retailers, having transportation coverage safeguards against potential losses or damages while in transit.
Insurance For The Missouri
CBD Industry
CBD in Missouri
CBD insurance coverages vary depending on the policy and insurer, but they generally encompass the following areas:
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Product Liability: CBD products are subject to strict regulations and quality standards. Product liability coverage is a crucial component of CBD insurance, protecting businesses from claims arising from the use of their products. This coverage can include claims related to contamination, labeling issues, allergic reactions, or other product-related incidents.
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General Liability: CBD insurance typically includes general liability coverage, which protects businesses from third-party claims for bodily injury or property damage that occur on their premises or as a result of their operations.
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Property Coverage: CBD businesses often have valuable equipment, inventory, and other assets. Property coverage under CBD insurance protects these assets from damage or loss caused by fire, theft, vandalism, or other covered perils. It ensures that CBD businesses can recover financially in the event of property damage or loss.
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Transit and Shipping: CBD businesses often need to transport their products from manufacturing facilities to distribution centers or retail locations. Transit and shipping coverage ensures that CBD products are protected during transportation, offering coverage for losses or damages that may occur while in transit.
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Missouri has emerged as a prominent market for CBD products, with numerous businesses involved in CBD manufacturing, distribution, and sales. As the CBD industry continues to thrive in the state, CBD insurance plays a crucial role in protecting businesses from potential risks and liabilities.
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Missouri's stringent regulations surrounding CBD products necessitate the need for product liability coverage. CBD insurance provides businesses with the necessary protection against claims arising from product-related incidents, ensuring compliance with state regulations and minimizing potential financial losses.