Working within the CBD industry can be highly profitable, but businesses in this sector are exposed to a certain level of risk. CBD insurance helps protect Vermont businesses in this industry protect themselves from many of the risks that they face.
CBD insurance is still a relatively new form of business insurance, and not everyone in the insurance industry offers or is familiar with it. When shopping for a policy, businesses that need this coverage should seek out an agent who specializes in the protection. A specialized agent will be familiar with the risks that businesses in the industry face and what protections these policies make available. They’ll also be current with any developments in what insurance companies are offering.
Most Vermont businesses involved in the processing, manufacturing and/or distributing of CBD products should carry CBD product insurance. Recovering from a major disaster or liability suit could leave a business financially devastated if no protection is in place, and this is generally the most appropriate form of insurance for these businesses.
Businesses that are involved in the growing of help also usually need insurance, but their insurance needs differ from those of processors, manufacturers and distributors. A form of hemp crop insurance is normally more appropriate for these businesses.
Like many other types of insurance policies, premiums set for CBD policies are based on many factors and often vary. A few of the items that can influence how much a policy costs include a business’:
Even with the variance in cost, policies are typically affordable. Having coverage is almost certainly more affordable than having to pay for an expensive claim with no insurance in place.
Businesses can find out how much a policy that meets their needs costs by comparing different options with an independent insurance agent. Unlike a captive insurance agent who’s connected with a single insurer, independent agents are generally free to show businesses policies from multiple different companies. This makes comparing options and selecting the best available one quick and easy.
For help finding CBD insurance, talk with one of the independent insurance agents at Paige & Campbell Insurance. Our agents are familiar with the policies currently available from insurers, and they can help you find the best solution for your Vermont Business.
Barre
P.O. Box 469
297 North Main Street
Barre, VT 05641
(802) 476-6631
Bradford
P.O. Box 392
25 North Main Street
Bradford, VT
(802) 222-5222
Waitsfield
5197 Main Street, Suite 3
Waitsfield, VT 05673
(802) 496-3118
Mike Bancroft is simply an amazing agent. When my business got burglarized, I was so upset and didn't know what to do. I contacted Mike and he was very prompt in calling me back and he put my mind at ease. He made me feel so much better and handled all of the paperwork immediately. His customer service is top notch and I highly recommend him to be your insurance agent!