Protect your senior leadership.
Directors and officers liability coverage for cannabis businesses.
Directors and officers liability coverage is the only type of insurance that will protect you if a customer sues you personally as a director, officer or owner of a cannabusiness.
Did you know that disgruntled customers can sue you personally as the owner of a cannabis business? While there are other forms of Chicago cannabis insurance that can cover legal fees if you are sued, directors and officers liability coverage is the only type of insurance that will protect you if a customer sues you personally as a director, officer or owner of a cannabusiness.
Why do you need directors and officers liability cannabis insurance?
Unfortunately, cannabusinesses are more likely to face a D&O claim than other types of businesses. Not only are you at a higher risk of a D&O claim, but these claims can come from anyone involved in your business including employees, customers, shareholders and competitors. If your personal assets are not protected by adequate directors and officers liability insurance, you may need to handle expensive lawsuits on your own, which could result in significant financial loss or even bankruptcy.
Who can benefit from cannabis directors and officers liability insurance?
Directors and officers liability coverage can protect your assets regardless of the type of cannabusiness you own. We have helped to insure:
- Cannabis wholesalers and distributors
- Dispensary owners
- Cannabis transportation companies
- Cannabis landlords
- Marijuana cultivators
- Cannabis laboratories
- Cannabis equipment manufacturers
- Cannabis product manufacturers
Think of directors and officers liability coverage as errors and omissions insurance for your managerial team. While it’s important to have coverage for your business, you also need professional coverage as the owner or director of a cannabusiness. The best way to protect yourself from losing personal assets through civil litigation is to purchase directors and officers insurance.
Contact us today or request a quote below to get the cannabis insurance coverage you need- and deserve.
Cannabis Directors and Officers Liability Coverage Quote Request
As an independent agency, we are here to help you find the right coverage.
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- Review options with an agent.
- Get the coverage you need.