Cannabis Insurance
Directors and Officers Liability Insurance for cannabis businesses
Did you know a disgruntled customer can directly sue the owner, director, or officer of a cannabis business? Directors and officers liability coverage is the only type of insurance that protects against this all-too-common risk.
As the cannabis industry grows, the risk of running a business in this sector also increases. And right now, cannabusinesses are more likely to face a D&O claim than most other types of businesses.
Why Do You Need Directors and Officers Liability Cannabis Insurance?
A direct claim against you can come from anywhere. It’s unfortunate, but customers, employees, competitors, shareholders, and other individuals may want to sue you.
Directors and officers liability insurance protects your personal assets and prevents you from having to handle costly lawsuits on your own. Without this crucial protection, you could face significant personal financial loss or even bankruptcy.
Who Can Benefit From Cannabis Directors and Officers’ Liability Insurance?
Directors and officers liability coverage is for anyone who owns a cannabis business. GreenCore has helped to insure:
Cannabis wholesalers and distributors
Dispensary owners
Cannabis transportation companies
Cannabis landlords
Marijuana cultivators
Cannabis laboratories
Cannabis equipment manufacturers
Cannabis product manufacturers
While it’s essential to have coverage for your business, what about you? As the owner or manager of your cannabusiness, you could face civil litigation and lose your personal assets. In other words, while a general liability policy may cover the business itself, it won’t protect you. The only way to shield yourself from this scenario is to purchase directors and officers insurance.
At GreenCore, we can tailor a D&O policy to meet your needs and give you peace of mind. Reach out today.
Contact Us
Office Location
1600 Golf Road, Suite 1200
Rolling Meadows, IL 60008
Office Hours
M-F: 8am - 6pm
Phone
847-201-4600