Cover Your Buds: Insurance Considerations for Marijuana-Based Events


Marijuana Insurance Shield

As marijuana legalization continues to spread across the United States, more and more businesses are considering hosting marijuana-based special events.

While these events can be exciting and profitable, they also come with unique risks that need to be properly managed. Here are some insurance considerations to keep in mind when planning a marijuana-based special event.

Liability Insurance

Liability insurance is a must-have for any special event, including those that involve marijuana. Liability insurance protects the event organizer from lawsuits in case someone is injured or their property is damaged during the event. Marijuana-based events have unique risks, such as guests consuming too much marijuana and getting sick or injured, so it's important to have sufficient liability coverage to protect against these risks.

Product Liability Insurance

If the event involves selling or distributing marijuana products, such as edibles or pre-rolls, product liability insurance is also necessary. Product liability insurance protects against lawsuits in case a product sold or distributed at the event causes harm or injury to someone. It's important to work with an insurance provider who understands the unique risks associated with marijuana products and can provide adequate coverage.

Property Insurance

Property insurance is also important for marijuana-based special events. This coverage protects against damage or loss of property used at the event, such as tents, tables, and equipment. It's important to make sure that the insurance policy covers the entire value of the property, as well as any potential loss of income that may result from damage or loss.

Workers' Compensation Insurance

If the event involves hiring staff, such as security guards or servers, workers' compensation insurance is necessary. Workers' compensation insurance provides medical and disability benefits to employees who are injured or become ill as a result of their work. It's important to work with an insurance provider who understands the unique risks associated with marijuana-based events and can provide adequate coverage for the event staff.

Event Cancellation Insurance

Finally, event cancellation insurance may be necessary in case the event needs to be canceled due to unforeseen circumstances, such as severe weather or a natural disaster. This coverage protects against financial losses that may result from the cancellation of the event, such as lost revenue or non-refundable deposits.

Metro Keeps your Cannabis-Based Events Lit

Hosting a marijuana-based special event comes with unique risks that need to be properly managed with the right insurance coverage. Liability insurance, product liability insurance, property insurance, workers' compensation insurance, and event cancellation insurance are all important considerations when planning a successful and safe event. Working with an experienced insurance provider who understands the risks associated with marijuana-based events can help ensure that the event is properly protected. 

Call us today at 800-64-4430 to get a fast, free, no-hassle quote for your next event.