Chicago, Illinois-based Hub International Limited is launching Hub Cannabis Dispensary Insurance, accessible through HUB’s digital commercial insurance platform.
The announcement marks HUB’s ongoing effort to expand its digital product portfolio for small businesses, as well as Hubs’s ongoing collaboration with MGAs, wholesalers and carriers who want to bring their products to market in a digital environment.
“Through HUB Cannabis Dispensary Insurance, dispensaries can now easily and quickly get quotes and buy online insurance coverage to protect them, stay ahead of the rapidly changing industry’s risks and give them confidence in the coverage to ensure their property and products are well protected,” said Jay Virdi, Chief Sales Officer of HUB Cannabis Practice. ”
HUB Cannabis Dispensary Insurance offers the following coverages:
- General liability: Coverage for bodily injuries and property damage claims.
- Product liability: Coverage for legal expenses associated with claims that a product sold, made or distributed caused an injury or property damage.
- Commercial property: Coverage for the building and its contents, including owned or leased equipment, and outdoor fixtures, such as fences and signs — are damaged or destroyed, theft of merchandise or vandalism.
HUB Cannabis Dispensary Insurance is powered by Insureon, HUB’s marketplace for online delivery of small business insurance, and is underwritten by SafeHerb, an MGA, that provides comprehensive property/casualty protection for those involved from seed-to-sale in the cannabis and hemp industries. Insureon was acquired by HUB International in early 2022.
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