Coverage that protects your assets.
Commercial property insurance for cannabis businesses.
At Reliant Agency, we have helped insure hundreds of cannabusinesses. We know the ins and outs of property insurance policies and can advise you as to the best fit for your company.
While commercial property insurance is not required by Illinois state law, it is an extremely beneficial form of coverage. Without it, businesses could lose hundreds of thousands of dollars due to property damage.
While no one anticipates damage to their commercial property, these things happen. If you aren’t prepared, you could be forced to pay out of pocket- or worse, you could go into debt trying to repair your property. That’s why finding the right commercial property insurance policy for your cannabusiness is so important!
What types of buildings are insured with cannabusiness property insurance?
The right property insurance policy can cover buildings including:
- Industrial properties
- Property outbuildings
What does property insurance cover?
The details of cannabis property insurance policies vary greatly- that’s why it’s important to hire an Illinois insurance agency that specializes in cannabis coverage. Some things that property insurance should cover include:
- Damage caused by fire, theft and vandalism
- Weather-related damage caused by wind, rain, hail and lightning
- Damage to or loss of inventory
- Loss of income due to property damage
- Limited liability coverage in the case of injury
What your property insurance covers will depend on the type of coverage you have. The three main types of coverage are replacement cost, actual cash value and extended replacement costs. Some policies will bundle several or all of these types of coverage.
Because the details of a commercial property insurance policy can vary greatly based on the type of cannabusiness you own, it’s important to work with an experienced cannabis insurance agency. At Reliant Agency, we have helped insure hundreds of cannabusinesses. We know the ins and outs of property insurance policies and can advise you as to the best fit for your company.
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As an independent agency, we are here to help you find the right Cannabis Commercial Property Insurance coverage.
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As an independent agency, we are here to help you find the right coverage.
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