What Is Hemp Insurance?
Industrial hemp growers face uncertain times as the federal government waffles on its commitment to supporting legal hemp by continuing its over-surveillance of these operations while neglecting to prevent interference with growers and transporters by state governments and law enforcement agencies. While industrial hemp does not contain any chemicals on the controlled substances list, it is also indistinguishable from immature cannabis, and that makes it a target for ill-informed enforcement in areas that are still under prohibition.
Protect Every Aspect of Your Business
Hemp insurance offers you an opportunity to get the liability and business risk coverage you need, with both boilerplate protections for all businesses and hemp industry-specific provisions that are based on the risks you face when growing, processing, or transporting hemp to marketplaces. That lets you focus on developing more wholesale contacts, building your client base, and producing the best product possible. Coverage for hemp businesses can even provide unique and comprehensive coverage for businesses that make consumer goods from bulk hemp fiber. That’s because the insurers serving this niche understand its complexity. Often, they also tackle the challenge of providing insurance for cannabis businesses in states that have legalized it for recreational or medicinal use, so they’ve seen the industry from every possible angle. That’s a good thing when you have questions about insurance for your business.