MMJ INSURANCE PROGRAM SPECIFICS

General Liability and Property:

Program Warranties and Conditions:

• During non-business hours, all stock must be kept in a locked, 1/2 ton or greater safe which is bolted to the floor or a safe with a TL-15 rating or greater, bolted to the floor. This includes perishable items such as kif, butane hash, cookies, and any preparation of medical marijuana.
  
• During business hours, all stock not on display will be kept in a locked safe with the same requirements as during non-business hours.
  
• An operating central station burglar alarm must be in place which has contacts on all windows and doors leading to the outside, stairwells and hallways. Motion detectors must be present in the room in which the safe is kept. The burglar alarm must be turned on and fully operational during non-business hours.
• The insured must keep written records of all purchases of stock, including receipts when available, which includes the date of purchase, type(s) of stock purchased and purchase price. In event of a stock claim, adjustment will be based on the documented purchase price.
• Stock/inventory coverage should not be more than would be carried in premises at any one time.
  
• Stock/inventory value will be cost price and not retail price.
  

Commercial Auto:

Standard Insurance placement.
No specific limitations to MMJ Insurance Program

Workers’ Compensation:

Statutory Insurance placement.
No specific limitations to MMJ Insurance Program

Professional Liability:

Standard Insurance placement.
No specific limitations to MMJ Insurance Program