As various states change their laws concerning the growth and sale of marijuana, farming cannabis is becoming a lucrative business. Whether you are growing your crop to supply medical dispensaries or are selling in a state that has legalized recreational use, it’s crucial that you have the right grow op crop protection.
You need an insurance package that protects your business at every stage of your growing operation:
- Planting material
- Fresh harvest
- Packaged stock
A loss at any point can cost you a significant amount of money. Your grow op crop policy can help offset any losses that occur.
There is a lot that can happen to any crop you choose to grow. Storms and lightning can wipe out outdoor crops, and irrigation leaks can drown greenhouse plants. You may be a victim of theft or vandalism. A fire can make your business go up in smoke. Identifying risks helps you prepare for them.
It’s also advisable to purchase other policies to protect your business. Liability coverage protects you in the event of clients who have adverse effects or are otherwise dissatisfied, and business continuity insurance can help if the loss is catastrophic.
It may seem unnecessary to pay a monthly premium to protect your crop. If something bad happens, however, you’ll be glad you have it.