LBW Insurance & Financial Services for the

Cannabis Industry

• Growers
• Retailers
• Distribution

Since 1922, leading companies have relied on LBW Insurance and Financial Services to provide cost-effective risk management solutions.

We pride ourselves on the value we bring to our clients. As a team of experienced professionals, we don’t just write policies. We craft individual insurance and financial planning strategies to match the unique needs and goals of each company and individual we serve.

As a partner in your continued success, we promise to work with you and for you, providing innovative solutions backed by exceptional service. It’s the same promise we’ve made – and kept – for 100 years.

Sample Package of Coverages for Cannabis Clients

Employee Benefits Programs · Workers Compensation · Employment Practices Liability · Directors & Officers Liability · Errors and Omissions · Product Recall and Product Liability · Business Interruption & Equipment Breakdown · Property Crime Coverage & Employee Theft · Cyber · General and Excess Liability

What we can provide for your business:

• Business Insurance
• All Lines of Coverage
• Customized Total Risk Assessment & Management Plans
• Workers’ Compensation Insurance
• HR & Loss Control
• Payroll resources and integration
• What we can provide for your employees:
• Group Health, Medical, Dental, and Supplemental
• Group Life, Disability, and Long Term Care

Insuring the Cannabis Industry

Here are the coverages we recommend to our Cannabis industry clients and what those policies cover.

Employee Benefits Programs

• Health Insurance, Dental, Vision, Life Insurance & Disability
  • Complimentary customized total risk assessment & management plans, human resource (HR) benefits software, HR consulting, employee handbooks, Harassment Prevention training
• COBRA coverage administration.

Workers Compensation

• Employee injuries, medical expenses, rehabilitation, disability, death benefits
• Safety and loss control programs offered to increase compliance and worker safety in addition to controlling Workers Compensation insurance costs

Employment Practices Liability

• Defense and settlement costs against wrongful termination, harassment, and discrimination
• Legal fees for wage and hour claims

Directors & Officers Liability, and Errors and Omission Insurance

• Protection from investors, outside shareholders, and individual shareholders
• Protection for board members and founders against investor claims and limited regulatory compliance claims
• Protection for consulting, lab testing, and software errors

Product Recall and Product Liability

• Cost to run a product recall and to remanufacture/replace the product
• Protects you from product bodily injury or property damage, including settlement and defense fees

Business Interruption & Equipment Breakdown

• Lost income due to fire, theft, water damage
• Funds to repair or replace equipment
• Costs for temporary relocation
• Loss of rents
• Covers essential payroll and continuing expenses
• Net profit loss
• Refrigeration and air conditioning breakdown
• Extraction equipment, packaging equipment

Property Crime Coverage & Employee Theft

• Cash theft and security event
• Computer funds fraud
• Forgery and alteration
• Embezzlement and theft
• Computer funds transfer fraud
• Product theft
• Equipment, furniture, inventory, fixtures, tenant improvements

Cyber Security

• Identification theft
• Privacy violation
• Social engineering
• Information theft
• Costs related to intrusion

General and Excess Liability

• Trip and fall for customers, including medical coverage
• Personal injury – non-employees
• Advertising liability
• Additional coverage of many errors, excess coverage to protect assets

For more Information Contact LBW’s Cannabis Specialist: