Business interruption insurance for cannabis companies can cover lost income and expenses during unexpected closures, such as those due to natural disasters or equipment breakdowns.

Umbrella insurance provides additional liability coverage beyond the limits of standard policies, offering extra protection for cannabis businesses.

Cyber liability insurance is important for cannabis businesses, especially those with digital platforms, to protect against data breaches and cyber-attacks.

Operating without insurance can expose cannabis businesses to significant financial risk, including the costs of lawsuits, damages, and regulatory penalties.

Cannabis businesses can often bundle multiple insurance policies (e.g., property, liability, crop insurance) for convenience and potentially lower premiums.

A carrier provides the insurance policy, while a broker acts as an intermediary between the business and the insurer, helping to find the best coverage.

Most insurance policies do not cover losses due to government seizures of cannabis, as it involves legal and regulatory issues.

Claims made policies cover claims made during the policy period, while "occurrence" policies cover incidents that happen during the period, regardless of when the claim is filed.