Why Tulsa Cannabis Insurance Is Essential for Your Company
Since the passage of medicinal marijuana in 2018, Oklahoma has become one of the fastest-growing states for cannabis sales, racking up over $345 million in receipts by the end of 2019. Entrepreneurs have taken advantage of this by opening dispensaries and related facilities across the state, with Tulsa being an important center of activity. If you have a cannabis company in Tulsa or are thinking about starting one, getting the right insurance is essential to your success.
Tulsa cannabis insurance strengthens your company in a variety of ways. A well-crafted policy protects you against large losses and unexpected events. It starts with comprehensive property insurance and moves on to growing concerns such as cybercrime, civil unrest, business disruptions and employee lawsuits. As part of a new industry, cannabis companies often face an unsettled legal and regulatory landscape. Strategic insurance solutions help you cope with matters of compliance.
How a HUB International Broker Can Help
Our local office on 6100 South Yale Ave is the ideal place to get Tulsa cannabis insurance. Our experienced HUB broker will work with you to put together comprehensive coverage at an affordable price. We work with many insurance carriers and providers, allowing us to secure great value for our clients. Our team will provide you with many advantages not always found in other insurance firms:
- An advanced level of professionalism
- Knowledge of the local business scene
- A customized approach for every client
- A strong commitment to your success
- An understanding of vital insurance products
Our goal is to help you manage risks and reduce your potential exposure to losses. We know that there are many types of cannabis operations and that each business model faces a unique set of risks and exposures. Toward this end, we tailor policies for dispensaries and retail outlets, grow facilities, laboratories, ancillary services and wholesalers and distributors. A HUB broker will continually monitor your Tulsa cannabis insurance policy to make sure your needs are met as you expand or move into new areas of the business.
How To Choose the Right Insurance Products for Your Cannabis Company
Depending upon your niche in the Tulsa cannabis scene, it is crucial to match the insurance products with your operations. For most companies, comprehensive property insurance is necessary to protect assets from fire, water damage and vandalism. Other companies that deal with transport might need fleet insurance as well as protection when crossing international borders. Your HUB broker will look at all aspects of your business to make sure you have the strongest Tulsa cannabis insurance possible. We seek to protect your interests with the following valuable products:
- Product liability - protects a company in the case of injury, death, or damage as the result of a defective product
- Product recall - safeguards a company's reputation and operational costs in recall situations
- Property and crop - protects grow facilities against a range of location risks
- Equipment breakdown - offers protection for various types of equipment necessary for operations
- Management liability - offers a safety net for liability lawsuits brought against key personnel
Our brokers excel at identifying dangerous gaps in coverage that have the potential to derail your momentum. An agent will guide you through the nuances of coverage, making sure you understand all aspects of your policy. The ideal Tulsa cannabis insurance policy gives you peace of mind and allows you to concentrate on your core business.