Green Coverage: The Comprehensive Insurance Playbook for Hemp Businesses
The hemp industry is full of opportunity and untapped potential. Since the market exploded in 2018, innovative and visionary entrepreneurs have ventured into this space to make their mark, change the world — and turn a profit while doing it. But with this abundance of opportunity also comes an abundance of risk — risk of product loss, losing funding, inclement weather, and establishing a new supply chain, to name a few.
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What’s Covered
Industry Landscape
The hemp industry surged after the 2018 Farm Bill, drawing innovative entrepreneurs despite challenges in supply chains and processing infrastructure.
Essential Coverage Types
Key insurance policies for hemp businesses include product liability, crop insurance, and cyber liability, each tailored to unique industry risks.
Risk Management
Effective risk management in hemp includes identifying specific risks, assessing impacts, and implementing insurance coverage and prevention strategies for stability and growth.
