• Commercial Property Coverage
• Premises Liability Coverage
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.
CBD product policies make several coverages available to businesses that need these protections. Depending on a policy’s terms and conditions, it might offer:
CBD product insurance is available for a variety of CBD products. Policies are readily available for both edibles and tinctures, and some policies may also extend protections to other products. Some specific products that policies frequently provide protection for include CBD- or hemp-based:
A knowledgeable agent can help businesses determine what sort of coverage for their particular products is available.
Our business was with the same trusted agent for over 20 years. Mike Bancroft offered to evaluate our policies and see if he could save us some money on both Workmen's Comp and general liability. He did, and in the process even moved us to better coverage. Mike also offers a superb quality of service. Cannot recommend highly enough.
Mike Bancroft has been great to work with. He has assisted with my Business Auto, Tool Coverage, Homeowners and all other types of insurance needs. I wouldn't be surprised if they change their name to Paige, Campbell & Bancroft soon!
Extremely prompt, personable, and professional service! Despite only needing a workers' comp policy for one employee, Paige & Campbell was very receptive and ensured to shop my policy around to ensure I received a great price that was almost half of what another broker quoted me.
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
This material is for informational purposes only. All statements herein are subject to the provisions, exclusions and conditions of the applicable policy, state and federal laws. For an actual description of coverage, terms and conditions, please refer to the applicable insurance policy or check with your insurance professional. The illustrations, instructions and principles contained in the material are general in scope and, to the best of our knowledge, current at the time of publication.
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!