Protect Your Business With Insurance for Dispensaries in San Diego
As an early adopter of the legal cannabis movement, California is a market ripe for expansion, and there continues to be a strong need for insurance for dispensaries in San Diego as well as other cities in the Golden State.
San Diego has been loosening zoning laws and waiving permit fees to encourage more businesses to open in more appealing areas than the light-industrial neighborhoods that currently house the city's cannabis businesses.
With a population of nearly 1.4 million and a tourism industry that brings more than 28 million visitors to the area each year, San Diego is primed to collect more than $31 million in taxes from cannabis by the year 2025. The industry will continue to grow, increasing the need for insurance protection for its dispensaries.
Operating a cannabis dispensary in San Diego comes with certain risks. To protect these businesses from a number of losses, HUB International offers cannabis dispensary insurance to help them deal with the myriad challenges they face each day, including:
Product Liability
Cannabis consumables can expose dispensaries to product liability claims. Coverage for claims regarding mislabeled, misrepresented or harmful products or safety recalls can reduce significant exposure to risk.
Commercial Property Insurance
Business insurance covers damage or loss of physical assets, such as a building, contents, equipment and outdoor fixtures. This coverage can apply in the event of storm damage, theft or vandalism.
General Liability Policies
Liability policies shield dispensaries from legal and financial risks associated with claims for bodily injuries or property damage that occur on-site. Other relevant types of coverage include product, professional, cyber, employment practices and excess liability.
Ensure the Financial Health of Your Business With Insurance For Dispensaries in San Diego
Your business is poised to reap great financial benefits, but you can't discount the risks that can cause big hurdles if you are not protected. From criminal acts to natural disasters and regulatory challenges, your dispensary is vulnerable. Get started today with an online quote from HUB for general liability, product liability and commercial property insurance for your cannabis dispensary in San Diego.