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  • Home
  • About
  • Cannabis Insurance
    • Cannabis Industry Coverage >
      • Cultivation Insurance - Indoor, Greenhouse, Outdoor
      • Manufacturing & Processing Insurance
      • Laboratory & Testing Insurance
      • Wholesaler & Distribution Insurance
      • Cannabis Auto & Delivery Insurance
      • Dispensary Insurance
      • Building Insurance
    • Casualty Insurance >
      • Cannabis Auto Insurance
      • Cyber Liability Insurance
      • Commercial Umbrella Liability
      • Directors & Officers Liability (D&O)
      • Employment Practices Liability Insurance (EPLI)
      • Cannabis General Liability
      • Pollution Liability Insurance
      • Product Liability Insurance
      • Product Recall Liability
      • Workers Compensation
    • Property Insurance >
      • Business Property Insurance
      • Cannabis Crop Insurance
      • Cannabis Crime Insurance
      • Cannabis Finished Stock Insurance
      • Equipment Breakdown Insurance
      • Stock Throughput Insurance
  • Resources
    • Articles
    • Cannabis Insurance Application
    • Cannabis Insurance Companies
    • Cannabis Insurance Review
    • Cannabis Security Audit Checklist
    • Cannabis Insurance By State
    • Cannabis Business Resources
    • Contact
  • Quote Request
  • Schedule a Call

Cannabis Laboratory & Testing Company Insurance

Selecting Coverage For Your Cannabis Laboratory & Testing Company Insurance Program

Owners and operators of cannabis laboratories & testing operations have a unique set of exposures stemming from the activities that are part of your daily operations, the premises on which the operations are performed, and the extensive analytics that are involved with the professional services that you offer. 
​

Laboratory safety is governed by local, state & federal regulations. In addition each state that has legalized medicinal and recreational use of cannabis will have its own testing rules and regulations that apply both to the medical and retail cannabis marketplace. Any cannabis or cannabis product intended to be sold at a dispensary or retail shop must have been sampled and tested according to your states testing rules. All cannabis items transferred or sold to a dispensary or retail shop must be accompanied by documentation of passing test results.

Before you just purchase insurance it’s important you do your due diligence and have your insurance program designed for your company’s specific needs. But, how do you get started? The answer to that question is fairly simple - consider your answers to the following questions that will aid with the development of your insurance program.​

  1. Do you want to have coverage in place if someone brings an accusation of negligent or wrongful acts, errors or omissions or failure of your professional services as intended?
  2. Do you want to have protection in place in case someone gets injured due to a slip and fall injury on the premises?
  3. Do you want to have protection in place for the building or costs of tenants improvements and betterments that were made to the premises?
  4. Do you want to have protection in place for furniture, fixtures, computers, and other equipment?
  5. Do you want to have protection in place for loss of business income in case the operation is closed due to a covered loss?
  6. ​Do you have employees? If so you will need Workers Compensation coverage that will provide them protection in case they are injured on the job.

Cannabis Laboratory & Testing Company Insurance Underwriting

Insurance underwriting is important for insurance companies. Cannabis laboratory and testing companies come with it’s own assortment of hazards and risks. Because of this insurance company underwriters will want to know specific details about the exact protocols that are used in addition to details that all testing equipment is regularly maintained with frequent calibration verification to avoid skewing testing results.  Through this role of underwriting the determines the risk of a potential loss.
​

If an insurance company feels comfortable with the responses to those questions they will offer insurance to cover the exposures that you’ve requested. The following are specific areas of questions that are asked about cannabis manufacturing and processing operations to help underwriters get a good understanding of your business. An underwriter will then assess your answers and decide whether or not to offer an insurance policy for your operations.

Core Cannabis Laboratory & Testing Insurance Protections Offered:

  • General Liability
  • Professional Liability
  • Product Liability
  • Property Insurance
    • Cannabis Inventory
    • Crop Insurance
    • Building Coverage
    • Business Personal Property Coverage
    • Indoor Grow Equipment and Tools
    • Loss of Business Income Coverage
    • Tenant Improvements & Betterments
    • Money & Securities
    • Property in Transit
  • Excess Liability
  • Workers Compensation
  • Employment Practice Liability
  • Directors & Officers Liability
  • Delivery & Business Auto

Providing Cannabis Laboratory & Testing Company Insurance


Request a Quote

Reach out to me when you’re considering Cannabis Laboratory & Testing Company Insurance. I will discuss coverage with you, how each coverage works and assess how it fits into your risk management needs. I will provide you with comparative Cannabis Laboratory & Testing Company Insurance Insurance quotes from multiple insurance carriers so you can get the best possible rate.

As an insurance broker I help cannabis businesses manage risk through insurance.​

Cannabis Casualty Insurance

Cannabis Auto Insurance
Cannabis Delivery Insurance
Cannabis Cyber Liability Insurance
Commercial Umbrella Liability
Cannabis Directors & Officers Liability
Employment Practices Liability Insurance
Cannabis General Liability Insurance
Pollution Liability Insurance
Cannabis Product Liability Insurance
Product Recall Liability Insurance
Cannabis Workers Compensation Insurance

Cannabis Property Insurance

Business Property Insurance
Cannabis Crop Insurance
Cannabis Crime Insurance
Equipment Breakdown Insurance
Cannabis Finished Stock Insurance
Stock Throughput Insurance

Cannabis Industry Sectors

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Cultivation
Manufacturing & Processing
​
​Laboratory & Testing
Wholesaler & Distribution
​Delivery
Dispensary Insurance
Building Insurance

Resources

Cannabis Articles
Cannabis Insurance Application
Cannabis Insurance Policy Review
Cannabis Security Audit Checklist
Cannabis Insurance By State
​Cannabis Business Resources

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Portland, OR  97206

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