Alpharoot

General Liability

General liability offers broad protection against some of the most fundamental risks cannabis companies face. Known as “slip-and-fall” or “all-risk” insurance, this policy covers personal or property damage and bodily injury occurring on the business premises.


Who is General Liability Insurance for?

It’s no surprise that merely “doing business” also comes with plenty of risks, regardless of your cannabis company’s size, from a ten-person team to a multi-state operator. With that in mind, traditional “slip-and-fall” claims are only the tip of the iceberg in terms of the extensive vulnerabilities you might face. Consider what happens when an employee visits a client’s space and accidentally damages their equipment (i.e., laptop, POS system, etc.). Likewise, who pays for the medical expenses of a vendor who falls and sustains injuries during a routine delivery to your facility?

These everyday situations, and many more, require the broad coverage of general liability insurance. This policy protects cannabis companies against third-party lawsuits involving bodily injury and personal or property damage. Also, think about rising defense costs and advertising injuries that could cause severe financial damage to your hard-earned assets. General liability insurance safeguards your business from an array of exposures. More importantly, this coverage is the ultimate foundation of a robust risk management plan.

Cultivators

Cannabis growers manage complicated farming operations, opening the door to various liabilities.

Retailers

Selling cannabis products, especially from a traditional brick-and-mortar facility, exposes you to a broad range of liabilities.

Laboratories

Testing facilities face many broad risks, including property damage or bodily injury.

Why you need
General Liability Insurance?

Protects your company against the cost of third-party claims

Protects your customer’s property, whether bodily or personal

Protects your company’s assets against legal obligations

100%

All companies in all industries face basic business risks.

 

20%

Roughly 20% of general liability claims involve burglary or theft.

 

40%

Over 40% of small businesses will experience a general liability claim this decade.

 

What does General Liability
Insurance cover?

This policy protects cannabis companies against third-party lawsuits involving bodily injury and personal or property damage.

Bodily Injury

General liability insurance kicks in should a third party sustain bodily injuries on your business premises.

Property Damage

This coverage responds if an insured unintentionally damages a third party’s equipment or property.

 

Personal and Advertising Injury

If you accidentally defame or plagiarize from a competitor and they choose to sue, this coverage will help protect from legal liability.

 

Product Liability

Products Liability can be included on a GL policy. Products completed operations (PCO) coverage can protect you from legal liability resulting from use of your product.

General Liability Insurance Enhancements

General Liability Insurance Enhancements

General Liability Insurance
Claim Examples?

“Slip-and-Fall” Claims

If a customer slips, falls, and sustains injuries when visiting your space, your company could be legally liable for any medical bills incurred by the customer.

Property Damage

If you are visiting a client’s space and accidentally damage their equipment, this coverage would respond.

Rented Space

If you damage your rented space, this coverage helps protect you from legal liability with your landlord.

Personal and Advertising Injury

If you accidentally defame or plagiarize from a competitor and they choose to sue, this coverage will help protect from legal liability.

 

General Liability FAQ’s?