Hemp & CBD Coverage

Breckenridge Leadership Shares Key to Program Business Success

November 30, 2018

CHICAGO, Il., November 30, 2018 – The US program administration business generates annual premium revenue in excess of $36.1 billion…

programs smokevapeshop - Hemp & CBD Coverage

Clearing the haze around smoke and vape store coverage

June 13, 2018

Insurance Business America published an article on the E-cigarettes and vaporizers industry and discussed the complex risk management and insurance…

Opportunities in hemp and cannabidiol abound … as do risks.

With the rapid emergence of new uses for hemp and cannabidiol (CBD) in everything from lotions, to supplements to pet care, the industry is facing significant interest and regulation. This uncertainty can lead to added risks when it comes to protecting your insureds’ business interests. At Blue River Underwriters, we work closely with our agents to outline these unique exposures and the coverage options available from an AM Best A+ Rated carrier to serve the needs of insureds at the forefront of the hemp and CBD marketplace.

Some of the classes in this industry include:

Pet care products
Hemp farms
Oils or lotions
Hemp-infused beverages
Protein supplements
Extracts or isolates
Food with additives
Manufacturers/distributors
Retailers/wholesalers
Extractors/processors/growers

Excluded Classes:

Prescription Products
Nicotine Products
Liquor Liability
CBD or hemp products from an unlicensed grower
Products with more than 0.3% THC/cannabis products*

* Subject to cannabis underwriting guidelines

Maximum limits of $5M/$5M/$5M primary limits or $1M/$2M/$2M primary limits with excess up to $10M
True worldwide coverage
Products bodily injury coverage arising out of mold & silica
Very limited ingredient restriction list
Claims-made
Additional insured coverage for vendors and tradeshow sponsors
Commercial General Liability endorsement for additional coverages:
- Prop 65 coverage
- Cyber/data breach coverage
Property