What is the difference between first-party and third-party insurance claims?
AlphaRoot Team
First-party claims are filed by the policyholder for direct losses, while third-party claims involve liabilities to others covered under the policyholder's insurance.
Related FAQs
What types of cannabis businesses can get insurance?
AlphaRoot Team
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?
AlphaRoot Team
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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