Protect Your Scottsdale Cannabis Company Against Risk
Cannabis sales and production present opportunities for entrepreneurs and new companies in the Scottsdale area. Just like any other business endeavor, though, a new cannabis company faces an assortment of risks, making Scottsdale cannabis insurance a necessity. In addition to the need for commercial property insurance that protects against fire, floods, vandals, and other perils, you also must navigate a legal and regulatory landscape that is unsettled and likely to shift from time to time. HUB International’s Scottsdale office located on East Raintree Drive can help you manage compliance issues and other risks.
The passage of Proposition 207 in 2020 added the possibility of recreational cannabis sales to the medicinal market in Arizona. This has resulted in a boom in new dispensaries and other outlets devoted to cannabis sales. While competition will be stiff, you can strongly position your company by making smart decisions on insurance products. A HUB international insurance broker can make it more likely your company survives an unexpected event.
Consider Scottsdale Cannabis Insurance for Various Business Models
Many opportunities exist for different types of businesses in the cannabis field. Our Scottsdale office can help you with insurance products no matter what your niche is. Our agents understand the pros and cons of Scottsdale cannabis insurance and can make recommendations that will allow you to take advantage of the passage of Proposition 207. As a trusted name in Scottsdale, HUB has helped companies get the right insurance coverages for many years.
Whether you reach us by phone or come into our office, we will put together a strong, customized insurance package that helps your company succeed. We provide Scottsdale cannabis insurance solutions for all aspects of this developing industry:
Production facilities that grow, test, destroy and store product
Retail outlets that sell, market, or display approved items
Dispensaries that meet the high demand for cannabis products
Licensed laboratories that test, breed, and record cannabis genetics
Wholesalers and distributors that transport across borders
Each type of business model has a unique set of insurance needs. Our team at HUB International looks to provide you with the highest level of protection at the most reasonable price. Your Scottsdale cannabis insurance policy protects against property damage, product liability concerns, lawsuits, business disruptions and more.
Manage the Unexpected with Effective Cannabis Insurance
Depending upon the focus of your business, your company will face an assortment of risks. Your insurance needs will change over time, too, as your company expands or takes on new challenges. Your Scottsdale cannabis insurance package should change with your business and make sure there are no gaps in coverage that create a dangerous level of risk exposure.
A HUB broker will continually monitor your policy to make sure it meets your needs. Your agent will focus on the following core areas of protection that are essential to reducing your exposure to major expenses:
Equipment malfunction that disrupts business operations
Property damage that results in major repairs or restorations
Product liability in the case of a product causing serious injury
Product recall to absorb losses due to an unsellable product
Management liability to protect key personnel from lawsuits
An experienced broker looks at all aspects of your business when putting together a Scottsdale cannabis insurance policy. HUB International considers traditional needs as well increasing risks such as cybercrime, civil unrest, and employee lawsuits.
Take the Next Step
Contact a professional HUB broker today to learn how to manage risks in the Scottsdale cannabis industry.