Insurance Products Product Liability

One of the biggest exposures in the cannabis industry is product liability. Typically, in product claims, any entity involved in the stream of commerce may be pulled into a suit. Because of this, an agent should anticipate jurisdictions to impose strict liability for various elements of product compliance such as manufacturing defects, design defects, and/or warning defects.

Eligible Risks:

  • Cultivators
  • Processors
  • Manufacturers
  • Wholesalers & Distributors
  • Retailers & Delivery Services
  • Brands
  • Microbusinesses

Coverage Highlights:

  • Admitted paper
  • Am Best Rated A- (Excellent) Carrier
  • Cannabis Intoxication Liability Coverage
  • Written on a mono-line basis
  • Defense costs outside the limits
  • Vape coverage is provided
  • No health hazard exclusion
  • No mold, fungi, or bacteria exclusion
  • Cyber Liability endorsement up to $100,000
  • Claims-Made form

Limits & Deductible Options:

  • Maximum limits: $5,000,000 per occurrence / $5,000,000 aggregate
  • $1,000,000 in defense costs outside of the limits (automatic)
  • Minimum limits: $100k/$100k (Michigan only)
  • Deductible options starting at $5,000 and up to $100,000

Insurance Products General Liability

General liability insurance is a much broader, more traditional coverage that focuses on third party property damage and bodily injury occurring at a specific premises. A common example of a general liability claim is an injury resulting from a slip and fall on an insured premises. Other add-on coverages are available including hired and non-owned auto, cyber coverage, security guard coverage, and special event coverage.

Eligible Risks:

  • Cultivators
  • Processors
  • Manufacturers
  • Wholesalers & Distributors
  • Retailers & Delivery Services
  • Brands
  • Microbusinesses
  • Testing Labs

Coverage Highlights:

  • Admitted paper
  • Am Best Rated A- (Excellent) Carrier
  • Security Guard Coverage available
  • Special Events coverage extension to designated premises available
  • Cyber Liability endorsement up to $100,000
  • Hired and Non-Owned Auto Liability available
  • Written on a mono-line basis
  • Occurrence form

Limits & Deductible Options

  • Maximum limits: $5,000,000 per occurrence / $5,000,000 aggregate
  • Deductible options up to $100,000. $5,000 is the lowest deductible offered.

Insurance Products Surety Bonds

Since 1980, Continental Heritage has been administering a variety of surety bonds in 36 states with expert underwriting and highly diverse product lines. Continental focuses on small and middle market accounts with surety bond needs. Our experienced underwriters provide superior customer service and expertise for your full range of bond needs.

Carrier Highlights

  • Admitted
  • Rated A- (Excellent) by AM Best
  • U.S. Treasury Listed

Types of Bonds

Availability

38 states including Alaska, California, Florida, Illinois, Massachusetts, Michigan, Nevada, Ohio, Pennsylvania