Cannabis Insurance Winter Park
Big Changes to the Florida Cannabis Market
The cannabis industry is finally taking off in the Sunshine State. Since using medical marijuana became legal in 2019, more and more businesses have begun to supply products to keep up with growing customer demands. There are already close to a dozen licensed cannabis providers in the Orlando metropolitan area alone, and more are springing up. Because it is still illegal to grow marijuana for personal use, these retail stores are a needed part of the local business community.
It can be challenging to keep up with all the new legislation and to know what type of cannabis insurance Winter Park dispensaries need. For example, not many people realize that Orange County has stopped prosecuting misdemeanor cannabis offences, or that the state has appointed its first ever Director of Cannabis for its new hemp program. Our brokers and risk control specialists make it their job to keep up with these changes and can help you stay current in this unique industry.
For top-notch cannabis insurance, Winter Park is a great place to be. We are located on Orange Avenue, near Mead Botanical Garden and convenient to Advent Health and Rollins College. Whatever your niche is, we have policy options to protect you. Here are a few examples of cannabis businesses that benefit from our coverage:
- Retail outlets
- Dispensaries
- Greenhouses and farms
- Wholesalers
- Distributors
- Laboratories
- Equipment and technology providers
Some types of insurance policies are the same as what you would need for a business dealing in any other type of product. Others are specific to the unique challenges that go along with this fledgling industry that has historically been fraught with controversy and misunderstanding. Examples of what we offer include the following types of cannabis insurance in Winter Park:
- General liability – Liability insurance protects you from the responsibility of medical bills in the case that a customer is injured on the premises or after using your product. It also covers potential legal fees.
- Management liability - This little-known type of added liability insurance further protects you and the other people in charge of managing your business.
- Recall – Many people do not realize the risk associated with product recalls. Insurance covers the expense of notifying customers, shipping packages, and disposing of faulty products.
- Equipment – Power failures can result in a huge loss of inventory that depends on climate-controlled conditions.
- Care, custody, and control – Unless you personally oversee your product every step of the way from seed to customer's hand, you should consider this type of coverage.
- Crop – Cannabis crop insurance has important differences from more general agricultural coverage and is a must for growers.
As you can see, a wide range of cannabis insurance in Winter Park is available to protect your business against a variety of potential financial losses. Our agents understand that every company is unique, and will spend time listening to your concerns, discussing options, and getting to know you. We then will customize your Winter Park cannabis insurance policy based on what you need to best manage the risks you face.
