Hub International Ltd. on Monday launched Hub cannabis dispensary insurance, accessible through the broker’s Insureon small business digital commercial insurance platform.
The system is designed to allow business owners to get quotes and buy online insurance coverage, a Hub statement said.
HUB cannabis dispensary insurance offers general liability coverage on an occurrence form with limits of $1 million per occurrence and $2 million aggregate, with limits up to $5 million available; and product liability coverage with primary limits of $1 million/$2 million and limits up to $5 million available.
Commercial property coverage can be written on a primary or excess basis, using an ISO special form, at limits of $10 million per location with limits up to $20 million available.
Crop coverage for indoor and greenhouse operations is available with $10 million in limits and cargo coverage limits are $1 million, higher upon approval, all according to information from Hub.
Coverage is underwritten by managing general agent SafeHerb, which provides “seed to sale” cover for the cannabis and hemp industries.
Chicago-based Hub is the seventh-largest broker of U.S business in the most recent Business Insurance rankings.