What is CBD insurance?
The burgeoning CBD industry is creating many new opportunities for businesses, but with these opportunities come risks. CBD insurance can help Massachusetts businesses in this industry protect themselves from a range of risks that they likely face.
CBD insurance offers specialized commercial coverages for businesses operating in the CBD industry. Most policies have several coverages that together give robust property and liability protections.
What Massachusetts businesses need CBD product insurance?
Most Massachusetts businesses that handle CBD products should consider CBD product insurance. Manufacturers, extractors, wholesalers, distributors and retailers alike might need one of these policies.
Farmers and growers generally need protections that are different from what CBD product insurance provides. Although hemp growers might have some similar coverage needs, a different policy type is usually needed to protect against the risks that come with growing and harvesting crops.
An insurance agent who knows CBD product insurance well will also be able to assist growers in finding a policy that meets their needs well.