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What Type of Business Insurance Do You Actually Need?

If you're in the cannabis industry, you already know the rules are different—and the risks are higher. Between shifting state regulations, compliance audits, product liability, and the ever-present threat of theft or crop loss, one thing is clear: generic insurance won’t cut it.

You need a partner who understands cannabis—and has your back when it matters most.

That’s where Budrisk comes in. We specialize in insuring cannabis businesses nationwide—from seed to sale. Let’s break down the coverage you actually need, based on your operation.


🌱 Coverage Needs by Cannabis Business Type

Cultivators & Growers


Biggest risks: crop failure, fire, HVAC breakdown, employee injuries.


Coverage to consider:

  • Crop Insurance (including living plant and finished stock)

  • Equipment Breakdown

  • General Liability & Product Liability

  • Workers’ Compensation

  • Commercial Property

  • Environmental Impairment Liability


Manufacturers & Processors


Biggest risks: extraction hazards, contamination, equipment damage, supply chain disruption.


Coverage to consider:

  • Product Liability

  • Business Income (Interruption)

  • Commercial Property & Equipment Breakdown

  • EPLI (Employment Practices Liability Insurance)

  • Workers’ Comp


Dispensaries & Retailers


Biggest risks: theft, robbery, regulatory violations, POS system breaches.


Coverage to consider:

  • General & Product Liability

  • Property (Inventory, Fixtures)

  • Cyber Liability

  • Crime Insurance

  • Employment Practices Liability (EPLI)


Distributors & Delivery


Biggest risks: transit losses, theft, driver safety, auto claims.


Coverage to consider:

  • Inland Marine (in-transit goods)

  • Commercial Auto

  • General Liability

  • Workers’ Compensation


⚠️ Common Insurance Gaps Cannabis Operators Miss


  • Not insuring living plants properly (crop policies often only cover finished product).

  • Lacking Product Withdrawal coverage in case of a recall.

  • Missing EPLI—leaving you exposed to employee lawsuits.

  • Assuming traditional business policies cover cannabis (many explicitly exclude it).


🔒 Why Cannabis Businesses Trust Budrisk


We’re not just insurance brokers. We’re cannabis insurance specialists with deep roots in the industry. Our mission is to protect, educate, and advocate for the businesses shaping this space.


At Budrisk, you get:

  • ✅ Industry-specific insurance strategies

  • ✅ Access to multiple cannabis-friendly carriers

  • ✅ Support through licensing, compliance, and risk planning

  • ✅ Ongoing guidance as your business—and regulations—evolve


💬 Final Thought

Whether you're opening your first dispensary or scaling a multi-state grow, Budrisk builds coverage that keeps your business secure—and future-ready.





 
 
 

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