Running a business always comes with a certain amount of risk. This is especially true for businesses that deal with the processing, manufacturing, and selling of CBD products. Running this type of business comes with unique liability risks and complicated legal guidelines. Luckily, having a reliable CBD business insurance plan can help things run more smoothly.
What Kinds of CBD Insurance Coverage Do You Need?
When tackling the unique risks associated with a business that deals with CBD products, you want to make sure you have all your bases covered. There are two main types of CBD insurance that are recommended across the board.
The first type of insurance that is a must-have is product liability coverage. Product liability coverage applies to the CBD products that you sell and covers any product claims that are filed against you. It can be easy to think that your products are completely safe and will not result in any claims but unfortunately, this is often not the case. From accidentally making false health claims to mistakenly selling defective products, there are many things that can fly under the radar and result in a claim being filed against you.
The other type of insurance is general liability coverage. This type of insurance will protect you against advertising damages, third-party injury, and property damage.
Running a business that deals with CBD products is not always easy. Having the right type of CBD insurance can make a huge difference!