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This question was presented most recently when a cannabis grower needed commercial general liability only. They weren’t interested in buying product liability insurance at the time due to cost constraints. The additional premium was close to $2,800 per year. Unfortunately, the retail insurance broker presented insurance quotes for two different insurance policies was unable to comprehend this was beyond their budget. The insurance carrier and its representatives required both policies be purchased as a condition of the sale. The selling of insurance is fundamentally about doing what is in the best interest of your client and do no harm.
If you need marijuana insurance that doesn’t require you to buy commercial liability and product liability “packaged” together the good news is there are other marijuana approved insurance companies willing to offer you the single line of insurance.
DISCLAIMER: Material presented by Owner website is intended for information purposes exclusively. It is not meant for professional insurance or legal advice, to induce or solicit new clients, and must not be construed as such. Each individual situation is unique and requires a licensed insurance broker or attorney in your state to evaluate and recommend insurance or provide legal advise respectively. Each insurance company, policy, and broker are unique with their terms,conditions, and product offerings placing the responsibility of the user to conduct and rely on their own due diligence.