5 Ways CannGen is Different
You’ve likely seen discount insurance providers promising to insure your business for less than their competitors. For companies on a tight budget, these firms can be incredibly appealing. However, when the time comes, can you trust that these companies will be there to help you rebuild and relaunch?
When it comes to protecting the value of your cannabis, CBD, or hemp business, you want to find an insurance partner with the knowledge and experience necessary to help ensure you are fully covered against potential risk.
1. Unrivaled Expertise
Companies in the cannabis space face unique risks that often aren’t present in other industries. Not having the right insurance can ultimately cost your business and hinder its operations. Specializing exclusively in the cannabis, hemp, and CBD markets, CannGen has been working with businesses across the country since 2008 to help them get the right insurance coverages to fully protect their assets, giving business owners peace of mind.
2. Comprehensive Product Suite
The cannabis and hemp industries are made up of many different business types, spanning the supply chain from cultivators to dispensaries. At CannGen, we understand that each individual business has their own concerns surrounding coverage and compliance. That’s why we offer a full range of coverage options: including property, crop, worker’s compensation, product liability, general liability, auto and motor truck, and management liability (D&O/EPL).
3. Capacity and Coverage Enhancements
The cannabis and hemp industry isn’t one-size-fits-all, and neither are the coverage options through CannGen. Within each coverage classification, we offer multiple finance options and coverage enhancements, as well as a range of choices in premiums, coverage limits, deductibles, etc., so you won’t be forced into a policy that doesn’t make sense. No matter the size of your business, from the smallest start-up to multi-state operators, we can work with you to determine the coverage that is right for you.
4. Nationwide Coverage Footprint
The cannabis and hemp industries are no longer confined to a few select states. Legal cannabis exists now in dozens of states in some form, and hemp is now a federally legal agricultural product. CannGen is capable of providing insurance coverage to cannabis and hemp companies, regardless of the state your company operates within. CannGen has multi-state operators (MSOs) covered as well. We are able to write single policies to cover your entire MSO. CannGen is well versed in the insurance regulations in legal cannabis states and is able to guide you toward a policy that checks all your needs.
5. Financial Rating
The rising demand for business services like insurance for the cannabis industry has attracted many new providers to the space. Many of these agencies simply lack the experience to provide the comprehensive coverage cannabis companies need to protect their company and remain compliant. Some other newly launched insurance providers are interested only in preying on the needs of a growing cannabis market. CannGen works exclusively with “A” rated insurance carrier partners, so you can trust the integrity of those holding your policy and know they will be there when you file a claim.
Protecting Your Company Against Risk
You can fully insure your cannabis, hemp, or CBD business against risk with a comprehensive insurance policy. If you don’t currently have an insurance provider, it is important that you find a partner with prior experience working with cannabis and hemp companies. They should also have the necessary knowledge of state regulations to ensure your business is fully compliant and covered against potential risk. Contact CannGen here to see what coverages you need to best protect your business.
More Cannabis Industry News
Want to stay up to date on the latest? You can find more on important topics in the cannabis industry on our news page.
Or get more information about comprehensive insurance solutions for the cannabis, CBD, and hemp industries from CannGen here.
Disclaimer: Information shared is for general purposes only.