You’ve decided to apply for your retail cannabis license – now what?
You are most likely on the hunt to secure the right location for your business. This is also the time when you will want to start looking at your insurance options. At a minimum, this would include commercial liability (CGL), but depending on your location, you may also need commercial property and course of construction (COC) policies.
As it nears time for your opening day, talk to your insurance broker about some of the other policies you should consider in order to protect your business and your inventory. These could include product liability, business interruption and cannabis stock. Your broker will also go over how best to prevent and manage potential risks to your new retail cannabis business.
We understand this process doesn’t come without challenges. This is why it is important to work with an insurance broker who understands the nuances of retail cannabis and can answer your questions at every step along the way.
Fuse Insurance was one of the first brokerages in Canada to offer insurance quotes for licensed cannabis retailers online. Now, Fuse provides customized insurance solutions to cannabis businesses across Canada including in Alberta, British Columbia, Saskatchewan, Manitoba, and Ontario.
With any business in an up-and-coming industry, there are risks involved. The brokers at Fuse insurance understand the Canadian cannabis marketplace and can help you to obtain the right coverage for your business, from start-up to full retail operations. If you’re interested in learning more about the insurance process for your retail cannabis business, contact us at 1-866-387-FUSE (3873). If you’re ready to get started on your online quote today, fill out our quick and easy form.
