***CANNABIS***CANNABIS***CANNABIS*** IMPORTANT! Business owners in CANNABIS industry!
California Cannabis Business Insurance Requirements:
Distributor license applicants must show a proof of insurance to the California Bureau of Cannabis Control
Commercial General Liability Insurance: Minimum $2,000,000, plus an amount no less than $1,000,000 for each loss
Insurance must be purchased from an insurer licensed to do business in California by the Secretary of State
$5,000 Bond is required by the state.
Marijuana distributors must notify the California Bureau of Cannabis Control of a lapse of insurance within ten business days
Those are the minimum liability requirements for California right now, but that will not truly protect your business. You will also likely need workers compensation insurance for your employees, crop insurance for your plants and vehicle insurance. Marijuana distributors are required under the new laws to have added layers of security for their business, so property insurance for your physical business space and security systems also makes sense.
This is a long standing client of ours @marneys4450. “The team at SIA are brilliant, they deal with all my insurance and always find me the best deal. I feel in safe hands and it’s an aspect of the business that I know I don’t have to worry about”
With years of experience in all types of insurance and able to search the market, to find you the best deal. Give us a call today 02083353388, and start a better experience.
HOW IMPORTANT IS LANDLORD INSURANCE🤓❓ There are a lot of different elements to think about when looking into landlord insurance.
It is very easy to just pick a cheap insurance policy that may cover you for 1 or 2 things. But it is really important you understand what landlord insurance is out there first, to ensure you have the right policy in place for you and your needs...🏠 Copy and paste the below link into google to find out more:
An investment property is most likely one of your biggest assets, so why not ease your mind and contact Insura Broking Group on 1800650254, to ensure you have the cover you require.
Unlike your house and contents insurance which covers building and contents, Landlords Insurance can also cover deliberate or intentional damage, vandalism or a malicious act by your tenants or their visitors or even rent default.
If you're a landlord we go above and beyond your average insurance broker. Learn about our letting and property management expertise, risk management tools and workplace safety solutions in this services overview. PM us if you'd like more information #commercialinsurance#landlordinsurance
Auto loss of use coverage: A common coverage gap your customers should know about!
When a covered loss requires a vehicle to be in the shop for repairs, many customers are unaware that their base policy won’t cover a rental car – and they find themselves in a bind, with no way to get to work or get the kids where they need to go.