CANNABIS INSURANCE
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Get Tailored Coverage for Your Cannabis Business
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At Allegiance Insurance, we understand the unique risks and needs of cannabis businesses. We have established relationships with multiple leading insurance carriers, allowing us to find the perfect fit for your specific situation.
Here's how we can help you secure comprehensive coverage:
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Cannabis Grower Bond: This specialized bond protects the state in case of license violations or non-compliance.
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General Liability: Protects your business from lawsuits arising from property damage, bodily injury, or other covered incidents.
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Product Liability: Provides financial protection if your product causes harm to a consumer.
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Business Personal Property: Covers essential equipment, furniture, and other business-owned items in case of damage or theft.
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Finished Stock: Safeguards your valuable inventory of cannabis products from covered perils.
Cannabis Grower Bond
Cannabis Grower Bond: This state-mandated bond acts as a financial guarantee. In the event of license violations or non-compliance with regulations, the bond protects the state from financial losses.
Fast & Easy Oklahoma Grower Bonds
Skip the wait! Get your bond instantly (in most cases) through our Propeller Bond partnership. Apply online, get a quote right away, and our agents are here to help every step of the way. Visit our Propeller Bond page to get started!
GENERAL LIABILITY
General Liability: This cornerstone coverage shields your cannabis business from lawsuits arising from various incidents. Imagine a customer slipping and falling on your property or a delivery driver injuring someone in a traffic accident. General liability insurance can help cover legal costs, medical expenses, and settlements in such situations.
PRODUCT LIABILITY
Product Liability: Peace of mind knowing your business is protected if your product causes harm to a consumer. If a product defect or contamination leads to illness or injury, product liability insurance can help cover legal fees, settlements, and potential product recalls.
BUSINESS PERSONAL PROPERTY (BPP)
Business Personal Property: This coverage protects your essential equipment, furniture, and other business-owned items. Cultivation equipment, lab testing apparatus, inventory storage systems, and office furniture are all valuable assets. Business personal property insurance safeguards these items in case of damage caused by fire, theft, vandalism, or other covered perils.
FINISHED STOCK
Finished Stock: Don't let your valuable inventory become a financial burden. Finished stock coverage protects your cannabis products (flower, concentrates, edibles, etc.) from covered perils like fire, theft, or accidental spoilage.
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