Product Liability Insurance CBD Businesses
Protection for how you want to grow.
CBD Insurance for Manufacturers, Wholesalers, & E-Commerce
The CBD (cannabidiol) market has exploded over the last several years and is expected to continue to grow. In 2021, the global market was valued at $5.18 billion and is projected to expand at a compound annual growth rate of 16.8% from 2022 to 2030. The demand for CBD for health and wellness purposes combined with the rising acceptance and use of products due to government approvals are driving factors behind the production of CBD-infused products.
Products include everything from foods infused with CBD to CBD oil pills, bath bombs, skin creams, sprays, vapes, lip balm, and even clothing. A OnePoll survey found that 60% of respondents have tried a CBD product and believe it has health and wellness benefits, including the potential to improve sleep, reduce anxiety, and/or relieve pain.
Amid this growth and increasing demand, getting product liability insurance protection along with other coverage lines continue to be a challenge for CBD businesses. Insurance agents and brokers who don’t specialize in this area have a difficult time placing coverage.
Kapatoes Insurance Services offers the solution.
Product Liability Insurance for CBD Businesses
Kapatoes provides manufacturers, wholesalers, and 100% e-commerce businesses with product liability insurance for their CBD products at the most competitive cost in the insurance market.
Known for staying ahead of the industry curve, we provide CBD manufacturers and sellers of ingestible or topical products with protection against claims that a product was a substantial contributing factor to a plaintiff’s injury or illness. Claims may arise due to a defective product or
product mislabeling.
We can also provide CBD businesses a full line of insurance protection including property and general liability coverage.
Work with a leader in the industry and
let us find you the best option for your CBD line.
What Our Clients Are Saying
I’ve worked with insurance companies all over the country and nobody understands co-ops better. We’re so glad to have Dane and the team’s expertise and top-notch service.
Chris
GM, Sugar Beat Food Co-Op
Our relationship with Kapatoes Insurance has now spanned almost two decades. Their dedication, diligence, follow-through, and customer service are unmatched in the industry. We ONLY recommend Kapatoes for everyone’s insurance needs.
Kevin
CEO of Roots Market
When it comes to working with insurance issues and claims it can be a bit overwhelming, but working with the wonderful Kapatoes team of Great American Insurance Company has been a tremendous help. We recently went through a claims process that was initially denied. Because of Dane’s experienced advice we kept pursuing other avenues until we got the specific information needed from the refrigeration company we were dealing with. Dane and Nicole knew just how to advise us and to follow through as needed to get the claim approved and processed. They knew it would take time but that it was not worth giving up on. Thanks to them the check is going to the bank tomorrow!
Vera Foronda, Finance Manager
Mariposa Food Co-op
Our agency contacted Kapatoes Insurance Services to quote a fruit and vegetable wholesaler. Dane Meisler contacted me immediately to respond to my inquiry. I found Dane to be very responsive and knowledgeable of his product. Our insured was a little bit outside of the normal box and Dane worked with us to make a good fit in both product and pricing. It was a real pleasure to work with someone who truly knows his market. I would highly recommend Kapatoes Insurance Services for your distributor needs.
Joanie
Soucy Insurance Agency, Inc.