Comprehensive Cannabis – Novita Insurance Solutions https://novitains.com Innovative, Specialty Niche Insurance Sat, 07 Aug 2021 03:02:51 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.3 https://novitains.com/wp-content/uploads/2021/11/cropped-mediumsmall-res-32x32.png Comprehensive Cannabis – Novita Insurance Solutions https://novitains.com 32 32 SPECIALIZED INSURANCE PRODUCTS FOR CANNABIS, HEMP, AND CBD EXPOSURES https://novitains.com/specialized-insurance-products-for-cannabis-hemp-and-cbd-exposures/ Thu, 06 Aug 2020 20:41:00 +0000 https://novitains.com/?p=8677

Comprehensive Cannabis Coverage from Novita Insurance Solutions. Targeted classes from seed-to-smoke shop and everything in between. Available coverages include P/C; Product Liability; Outdoor Crop; Excess Liability; Hired and Non-Owned Auto; Cyber Liability; Work Comp; Equipment Breakdown; LRO; Plant Material; Valuable Papers; Hemp/CBD.

With more states legalizing both medical and/or recreational cannabis, regulations from state and local/regional governments are ramping up, along with requirements for certified laboratory testing, increased manufacturing and product derivative guidelines, controls and labeling, to quality assurance, product liability, and zoning for cultivation/grow operations and dispensaries.

Regulatory changes – combined with fast industry growth, mega investment money, and untold billions of profit at stake with this other “green new deal” – underscore Cannabis is not for the faint of heart. Once the purview of outlier growers, a risky distribution system, and a simmering, largely hidden underground economy, it is no longer safe nor advisable for a shoot from the hip, seat of your pants “wild west” approach to an industry that continues to go mainstream. Everyone involved at each and every point up and down the supply chain has increased exposure and the insurance industry is responding with new coverages to help protect the assets, investment, and futures of those involved.

Novita Insurance Solutions and Comprehensive Cannabis Coverage; we craft custom programs to meet the unique needs of today’s professional cannabis businesses. Contact us today.

Are you operating in a state where Cannabis and Hemp are legal? We offer custom-crafted Cannabis Programs, designed to help protect your clients from Cannabis, Hemp, and CBD exposures.

]]>