Do You Need Cannabis Insurance?

dispensary with green cross outside

Insurance for Colorado Dispensaries Cannabis is big business in Colorado. In 2020, the state’s 572 licensed dispensaries generated $1.2 billion in revenue. About one third of those sales occurred in Denver alone, accounting for nearly 6 percent of the city’s overall fund revenue.  Recreational marijuana sales are heavily taxed and strictly regulated. Dispensary owners are expected to be well versed in current cannabis laws, especially those related to security, public consumption, allowable amounts, and legal age.  Unfortunately, adhering to these strict regulations does not always protect marijuana retailers from legal recourse, especially from their customers. For example, if a customer purchased a product...

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Understanding Personal Liability Insurance

man with cane has fallen on steps

Most individuals understand that their homeowners insurance covers damages related to the home, personal property, and certain surrounding structures. They may be less aware that they are also covered, to an extent, in cases of personal liability.  What is Personal Liability Insurance? Personal liability insurance protects an individual in the event that someone is injured on his or her property. It also provides coverage when someone living within the home damages another person’s property. Generally speaking, most personal liability claims happen as a result of negligence. If someone slipped on your sidewalk as a result of an un-shoveled snow, for example, you may...

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