What is the difference between a carrier and a broker in cannabis insurance?
AlphaRoot Team
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.
Related FAQs
What alternative financing options are available to cannabis businesses when traditional bank loans aren’t accessible?
AlphaRoot Team
Banks are wary of serving cannabis companies because the plant is federally illegal; as a result, most cannabis firms still operate largely with cash and struggle to access basic banking....
How can cannabis companies find secure and compliant payment processing services in a cash-heavy industry?
AlphaRoot Team
Because federal prohibition deters most banks, cannabis retailers often handle large amounts of cash, creating security risks. To accept large payments safely: • Work with a payment processor experienced in...
Curated News
Theft Provisions for Cannabis Property Insurance
Cannabis carriers only write property insurance policies if the applicant qualifies according to various theft provisions. Here’s the inside scoop. Read More
Cannabis Industry Under Fire: The Rising Threat of Ransomware
Cannabis industry ransomware attacks target canna-businesses because of regulatory and financial hurdles, not to mention its rapid growth — but you can stay protected. Read More
Cannabis Insurance Trends 2020
Plenty of industries are booming nowadays—fintech, on-demand, micromobility, etc. The cannabis industry, however, tops the charts for tremendous growth as well as intense social impact. With so many developments in... Read More
Cannabis Influencers Are a Growing Trend — Is It Right for You?
Cannabis influencers have become more popular as societal acceptance grows and the plant gains more traction — but should you try this strategy? Let’s talk about pros and cons. Read More
What Is a COI, and Do I Need One?
A certificate of insurance (COI) can be beneficial for cannabis startups. Let's review the details of a COI and how you can manage risk savvily. Read More
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