Cannabis Product Liability Policy Comparison Includes and Excludes Significant Coverage Issues
A tweet posted by a California insurance broker (Stephen Jones@CannabisBroker1) caught our attention due the level of detail being advertised from a Product Liability Policy Comparison. The graphic provides specific contrast of possible product liability coverage due to a specific cause from six different cannabis insurance companies.
The product liability policy comparison included insurance companies Continental Heritage, CannGen, Golden Bear, James River, Kinsale, and Conifer. With the exception of Continental Heritage, we are aware of the remaining insurance companies offering product liability insurance to the cannabis industry.
One Insurance Carrier Breaks Away from the Pack
Continental Heritage appears from the graphic to include coverage for claims related to Racketeer Influenced and Corrupt Organizations Act (“RICO”), Mold, Fungi, Bacteria, Asbestos, Silica, and Lead. Furthermore, Continental Heritage includes coverage for Mental Illness, Cancer, Birth Defects, Heart Disease, Communicable Disease, Respiratory Disease, and Cannabis Intoxication.
Admitted monoline Products Liability Insurance specifically for the cannabis industries in CA & NV.
– Scheduled Cannabis, Hemp and CBD Products
– Defense outside of limits
– Covers injuries stemming from intoxication, impairment
– Includes vapor cartridges pic.twitter.com/08ywZA7qBt
— Stephen Jones (@CannabisBroker1) August 30, 2019