What is the Claims Made vs. Occurrence policy in cannabis insurance?
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.
Related FAQs
What types of cannabis businesses can get insurance?
Cannabis businesses involved in cultivation, processing, distribution, retail, or any other aspect of the industry can typically obtain insurance coverage. This includes dispensaries, cultivators, manufacturers, and even ancillary businesses like...
Is cannabis insurance required by law?
Cannabis insurance is not typically required by law at the federal level, but some states may have specific insurance requirements for cannabis businesses as part of their licensing regulations. It's...
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