Covering Ancillary Businesses in the Cannabis Industry
Ancillary businesses, in regards to the cannabis industry, are supporting services and vendors that help keep the industry running smoothly – without working directly with the cannabis plant. These include businesses such as:
- Legal
- Event Planning
- Accounting & Finance
- Architecture
- Contracting
- Security
- Real estate
- Vape shops
- Consultants
- Supply stores
- CBD supplement providers
- Marketing Firms
- Testing Labs
- Packaging & Labeling Factories
- Smoking Device Manufacturers
Ancillary businesses are a growing sector of the cannabis industry because they’re essential to help brands flourish. In fact, for every licensed cannabis-related company, there are eight to 10 ancillary businesses that support it, on average.
Our Ancillary Solutions
Even if your business doesn’t work with cannabis products directly, you’ll still require insurance solutions that will provide the best coverage possible. At GreenWrap Insurance Solutions, we offer a range of insurance packages and coverages to ancillary businesses in the cannabis industry throughout North America, the Caribbean, sectors of Latin America, and Europe. Some of the ancillary insurance solutions we can offer your business include:
- General liability, which offers protection from a variety of claims for bodily injury or property damage
- Pollution liability, a type of environmental insurance designed to cover claims arising from pollution problems
- Product liability, which protects your business from the fallout that occurs in the event that a product causes injury or other damage to third parties.
- Error & omissions, a type of professional liability insurance to cover claims if a client sues for financial harm due to mistakes or failure to perform a contracted service
- Umbrella coverage, a type of liability insurance that provides excess protection beyond the limits of other specified policies
- Workers’ compensation, which covers employees with bodily injury and disease caused while working
- Employment practices liability insurance (EPLI), which provides coverage for businesses from claims by employees that their legal rights have been violated
- Employee benefits coverage, which covers businesses from errors and omissions that occur when employee benefit plans are administered
- Property Coverage, which protects your property against damage and loss of income caused by fire, theft, and vandalism
Request Your Free Consultation Today
Ancillary businesses are essential to the smooth running of the cannabis industry, and it’s important to insure them just like you would any other. Protect your ancillary business in North America, the Caribbean, sectors of Latin America, and Europe with personalized insurance coverage from GreenWrap Insurance Solutions. Our agents’ collective 20 years of experience allows them to find the right coverage to benefit any type of business throughout the cannabis industry. If you’re interested in insuring your ancillary business in the cannabis industry with GreenWrap Insurance Solutions, contact us to request a free consultation about our ancillary solutions.