Cannabis, hemp, and CBD insurance produced for the State of Alaska.
A straightforward approach to navigating the cannabis industry in Alaska.
Insurance policies, specifically regarding marijuana, cannabis, hemp, and CBD coverage, can be a challenge to plant. As a result, our agents work closely with clients in the state of Alaska to develop relevant protection.
Cannabis insurance designed for businesses in Alaska.
At Mosaic Insurance Alliance, LLC, we stay on top of developments in the Alaskan marijuana industry and strive to keep our northern neighbors safeguarded from loss. As an agency, we rolled into the cannabis insurance business in our home state of Washington, but have since expanded into surrounding states, including Alaska.
Tackle the wilderness ahead with comprehensive cannabis insurance protection.
Before a policy is planted, we work directly with clients to review specific operations. From smoke shops to cannabis manufacturers, contrasting processes introduce differing risks. Together, we take time to review these risks, as well as identify protective measures relevant to Alaskan businesses, including cannabis growers insurance, business income insurance, and cannabis processor insurance. Once requirements are thoroughly established, our agents can begin planting the seed of protection with our cannabis retail insurance program. Coverages accessible throughout the state of Alaska encompass:
- Marijuana Crops
- Finished Stock
- Governmental Action
- Equipment Breakdown
- Indoor Growing Equipment
- Outdoor Grow Equipment
- Business Income
- Transit / Cargo Coverage
- Tenant Improvements
- Commercial Auto / Delivery Vehicle
Is cannabis insurance available near me?
As the longstanding effects of Ballot Measure 2 continue to arise, agents at Mosaic Insurance Alliance, LLC remain committed to growing avenues for protection. As a business member of the Marijuana Business Association (MJBA), we stay up-to-date on trends impacting the cannabis industry, especially information specific to the state of Alaska.
Coverage specific to the cannabis industry may grow alongside traditional business insurance protection. To learn more about cannabis coverage available in Alaska, please contact our agency or request a quote today.
Cannabis Business Auto Insurance
Some of the most common auto insurance claims in Alaska are moose collisions, icy roads and other cold weather conditions, and stolen cars.
Moose are HUGE, as you probably already know. Deer have been known to completely total cars all across the US (and cause some serious car accidents between vehicles)—and they are way smaller. As we all know, ice and cars do not mix well. Ice is very unpredictable, and the results can be catastrophic. When it comes to theft, as a business owner you have to worry not only about your car, but about the product that you are transporting. Do you have the insurance that you need to protect yourself against damaged or stolen product? How about coverage that will help you if you have to replace your vehicle or make repairs if it gets damaged? Not to mention, your vehicle might never be recovered—we all know how smart crooks can be sometimes. Bottom line: you will want to have auto insurance that is stable in what it covers and how much it covers.
If you drive a vehicle for your cannabis business, there are a limited number of companies willing to insure cannabis transportation vehicles. A regular commercial auto insurance policy will likely fall short when it comes to getting proper marijuana delivery insurance. Fortunately, our fulltime Cannabis Team consists of independent insurance agents who are trained specifically in the cannabis industry. We are ready to help answer your questions and address any concerns that you may have. The cannabis community is important to us, and we are ready to help in any way that we can.
Please also keep in mind that Alaska is an “at fault” car accident state. What does this mean for you and your employee drivers?
When you are in a “no-fault” state and you get into an accident, each driver’s insurance pays for themselves and their passengers. But, when you are in an “at-fault” state like Alaska and you are in a car accident, the driver who is deemed at fault—the one who caused the accident—is the one who is liable. However, if you are in an accident with someone who is at-fault but does not have insurance, or very good insurance, that could be very bad for your expensive work vehicle as well as the health of your workers if they sustain injuries. This is because…
- Weather conditions, being in a remote location, and some other factors make it so that car insurance in Alaska tends to be way more expensive compared to other states. Higher insurance rates tend to lead to a higher chance of people cutting corners so that they can save some money on auto insurance premium. In other words, ample protection can easily be overlooked to save some money on the monthly bills. Do you want to get hit by someone who does not have stable coverage, or insurance at all? We didn’t think so.
- Personal injury protection (PIP) insurance is not required for the state of Alaska, and it is also not available currently for the state. This means that if your employees get into a serious car accident, you are going to want to have stable car insurance (as well as workers comp).
- Also, at-fault states only require drivers to have liability insurance, and liability coverage doesn’t protect the damages done to your car if you or one of your employees are deemed at-fault.
We can help you customize your insurance to fit your business needs and your financial needs. Being an insurance broker means that we have access to various top auto insurance carriers at competitive prices, we look for possible discounts automatically, and we are heavily involved with the ever-changing insurance industry. Give us a call today, or visit our marijuana insurance page to learn more about what we have to offer.
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