Cannabis Testing Facilities Insurance
Laboratories and testing facilities are incredibly important to the marijuana industry. By ensuring strain quality, lab researchers protect the consumer from potential harm before products can even hit the market. This step in the process, despite reducing risk for consumers, brings risk unto the laboratories: testing errors, equipment breakdown, or theft of samples. Here at Budrisk, we have identified solutions to manage these risks to ensure continuity of your business.
For more information, if you live in Massachusetts, please check out the guidance on Cannabis Control Commission (CCC). If you live in Maine, please check out the guidance on Office of Marijuana Policy.
A standard policy to protect corporations from claims about property damage or bodily harm.
Policy to protect executives from claims against them or their company due to alleged negligence.
Insurance to provide wage replacement for workers injured on the job and defend companies from employee lawsuit.
Coverage for all company-owned unattached property, such as furniture or equipment.
Provides continued income in the event of unexpected business disruption.
Offers healthcare and benefits packages to selected employees and executives.
Provides full restitution of value of stolen goods in the event of property or product theft.
Covers repairs or replacement for damage to company-owned property and equipment.
Provides defense against injury claims allegedly caused by products sold by your business.
Policy designed to protect professionals against liability related to their specialty.
Protects against legal action taken due to malicious breaches of cyber security software.
Coverage for financial loss due to equipment failure or destruction during operation.