workers compensation insurance
Worker’s compensation can be complex, but you want to be certain you’re covered. GreenCore Specialty Insurance can ensure you have the proper workers compensation insurance for your cannabusiness.
Most states require businesses to have worker’s compensation insurance for their employees. And that includes cannabis businesses too. Of course, the specific rules can vary from state to state. But in all cases, businesses owner without workers compensation insurance can face fines and shutdowns—even jail time.
So worker’s compensation is arguably one of the most critical types of cannabis insurance coverage.
Why Do You Need Cannabis Worker’s Compensation Insurance?
Cannabusinesses face the same risks as any other business. In fact, the risks are usually even greater and can include scenarios such as:
Equipment malfunction
Exposure to chemicals, mold, and UV
Carbon dioxide inhalation
Heat-stress injuries like heat rash and heat stroke
Flammable liquids
Allergic reactions to cannabis plants or products
Poor indoor air quality
Your employees have certain legal rights. And one of those is adequate compensation should any of these risk factors result in injury.
Cannabis business owners are wise to factor worker’s comp into their insurance costs and coverage. Cannabusinesses ranging from manufacturers to contractors to dispensaries could face business-altering penalties if they do not have adequate cannabis worker’s compensation insurance.
What Does Cannabis Workers Compensation Insurance Cover?
Generally, worker’s compensation covers:
Medical expenses
Work injury-related lawsuits
Missed wages
Death benefits
However, all worker’s compensation policies are unique. And because of the complexity of worker’s comp, you’ll need to read between the lines to determine the proper coverage for your business. As a result, you may want our experts at GreenCore Specialty Insurance to guide you through this process.
Contact Us
Office Location
1600 Golf Road, Suite 1200
Rolling Meadows, IL 60008
Office Hours
M-F: 8am - 6pm
Phone
847-201-4600