Cannabis Pollution Liability Insurance, also known as Environmental Liability Insurance, is a very specialized area of cannabis insurance coverage that addresses specific environmental liabilities your business may be vulnerable to.
Providing Cannabis Pollution Liability Insurance for the cannabis supply chain:
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Cultivation – Indoor, Greenhouse & Outdoor
Third-Party Processors & Harvesters Infused Product Manufacturers Laboratories & Testing |
Wholesalers & Distributors
Manufacturers of Goods and Equipment Dispensaries & Retail Operations Transportation & Delivery Landlords |
Do you need Cannabis Pollution Liability Insurance?
Pollution Liability Insurance protects and covers your company in the event of bodily injury, property damage and cleanup costs as a result of the dispersal, release or escape of pollutants.
These accidents can happen suddenly or over time, but when they do, their clean-up and legal ramifications are costly.
These accidents can happen suddenly or over time, but when they do, their clean-up and legal ramifications are costly.
Cannabis Pollution Liability Insurance is divided into two main categories:
First Party Pollution & Environmental Liability
This coverage provides businesses with funding should they need to clean up after a spill or contamination. This kind of protection is necessary if your business uses any chemicals or hazardous waste that could potentially be leaked into the ground on your property. Essentially, first-party coverage funds required clean-up efforts. One of the main reasons that first party pollution and environmental liability coverage is so important is that when companies that cause environmental disasters go bankrupt, the victims can still be compensated.
Third Party Pollution & Environmental Liability
This coverage protects businesses from any allegations that a pollutant from your facility has been released and/or adversely affected others. If, for example, the pollution from your company were to contaminate the public water supply, your third party coverage would protect you from any resulting lawsuits and other costs such as evacuation and damages. Third-party pollution insurance coverage could also protect you if your product causes pollution while it’s being transported by a third party, such as a cargo ship.
This coverage provides businesses with funding should they need to clean up after a spill or contamination. This kind of protection is necessary if your business uses any chemicals or hazardous waste that could potentially be leaked into the ground on your property. Essentially, first-party coverage funds required clean-up efforts. One of the main reasons that first party pollution and environmental liability coverage is so important is that when companies that cause environmental disasters go bankrupt, the victims can still be compensated.
Third Party Pollution & Environmental Liability
This coverage protects businesses from any allegations that a pollutant from your facility has been released and/or adversely affected others. If, for example, the pollution from your company were to contaminate the public water supply, your third party coverage would protect you from any resulting lawsuits and other costs such as evacuation and damages. Third-party pollution insurance coverage could also protect you if your product causes pollution while it’s being transported by a third party, such as a cargo ship.
Cannabis Pollution Liability Insurance Costs
Cannabis Pollution Liability Insurance costs are based on a number of factors which include:
Reach out to me when you’re considering cannabis business insurance. I will discuss with you how Pollution Liability works and assess if it fits into your risk management needs. If you determine this coverage is needed I will then provide you with comparative Cannabis Pollution Liability 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.
- Business experience
- Type of business
- What are the formal controls or loss prevention procedures?
- Loss history
Reach out to me when you’re considering cannabis business insurance. I will discuss with you how Pollution Liability works and assess if it fits into your risk management needs. If you determine this coverage is needed I will then provide you with comparative Cannabis Pollution Liability 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.