Hemp Crop Insurance
Hemp is fast becoming big business. With it rises the increasing need for hemp crop insurance. With the legalization of marijuana in 11 states and the growing demand for medical marijuana and cannabis-based products, this humble weed is now an attractive and lucrative option for farmers. The medicinal benefits of cannabinoid products are now widely recognized, whether that means smoking marijuana, using CBD oil, or purchasing products containing cannabinoids. Public demand for these substances is growing rapidly.
The demand is so significant that the hemp industry is projected to be worth $20 billion by 2022. Furthermore, the industry is expected to employ 340,000 full-time workers by 2022. Many of those individuals will work on the 128,320 hectares currently devoted to growing hemp.
It’s Time to Think About Protection with Hemp Crop Insurance
If you’re a hemp farmer or are thinking of growing hemp soon, now is the time to start thinking about hemp crop insurance. Hemp is set to increase in value as the demand for the product grows. Hemp farms will be increasingly vulnerable to liability and claims made against them in the event of an accident or injury.
Hemp crop insurance is new to the insurance market. It offers producers the coverage they need to carry out their farming operations with more peace of mind. Because it is a new insurance, however, many insurers do not offer the coverage and, worse still, don’t plan to provide it in the future.
That means that many farmers are left exposed to liability claims. Such a claim can financially ruin a business if faced with a lawsuit.
XINSURANCE: Hemp Crop Insurance
XINSURANCE has recognized that it’s time to give hemp farmers and producers the protection they so desperately need. If you’re a hemp farmer, you will be pleasantly surprised to find that we will customize our hemp crop insurance to meet your requirements.
We use an all-in-one approach where we review your experience levels and operations and use the information to find a fully customized coverage that leaves no area without the protection it needs.
XINSURANCE is powered by Evolution Insurance Brokers, LC (“EIB”), an excess and surplus lines insurance brokerage. Our hemp crop insurance solutions can offer coverage for the following:
- Commercial general liability
- Property
- Products liability
- Special events
- Directors and officers
- Errors and omissions
- Business interruption
- Firearms and concealed carry liability
- Security personnel liability
- Transportation of goods
- Commercial auto (not available in every state)
- And more
Please note: we do not cover workers’ liability claims.
It doesn’t matter if you are starting in the hemp-growing business or if you are a seasoned professional, we can design coverage to suit you.
Don’t Leave Your Business’s Safety to Chance
Get a no-obligation quote today with XINSURANCE. We have over four decades of expertise at our fingertips. We’re the professionals you need when it comes to providing liability coverage solutions for high-risk or hard to insure activities and occupations.
Receiving a quote for hemp crop insurance is easy. Receive a quote here or feel free to call us at 877-585-2853. Our knowledgeable staff is on standby to answer your questions and discuss your hemp crop insurance needs. You can also reach us by email at info@xinsurance.com to request a quote or ask questions.
Finding Out More About XINSURANCE
If you are keen to find out a bit more about XINSURANCE and our products and services, our website has comprehensive information and details our unique all-in-one method as well as our company history and ethos. Additionally, you can view more about the rest of our huge product line.
Our events calendar will let you know exactly where we’re going to be in the coming months, so if you’d like to chat to us face to face, you are welcome to head along and meet us.
Finally, we’re available on all your favorite social media platforms, Facebook, Twitter, YouTube, LinkedIn, and Instagram. Follow us to stay updated with news from XINSURANCE.
Finally, hemp growers and producers can get the hemp crop insurance they so badly need. If you need hemp crop insurance, get in touch with XINSURANCE today so you can relax with comprehensive coverage.
Authored by Rick J. Lindsey, President, Chairman, and CEO of XINSURANCE
Rick J. Lindsey hails from Salt Lake City, Utah. He began working in the mailroom of his father’s Salt Lake City insurance firm, getting his introduction to the business that became his lifelong career. Rick J. Lindsey quickly rose through the ranks while working in nearly every imaginable insurance industry job. As an entrepreneur, specialty lines underwriter, claims specialist, risk manager, and a licensed surplus lines broker, Rick J. Lindsey is highly skilled in all levels of leadership and execution. As he progressed on his career path, Rick J. Lindsey discovered an urgent need for insurers willing to write policies for high-risk individuals and businesses. He was frequently frustrated that he could not provide the liability protection these entities desperately needed to safeguard their assets. He also formed the belief that insurance companies acted too quickly to settle frivolous claims. Rick J. Lindsey decided to try a different approach. He started an insurance company and became the newly formed entity’s CEO. This opportunity has enabled Rick J. Lindsey to fill a void in the market and provide a valuable service to businesses, individuals, and insurance agents who write high-risk business. XINSURANCE also specializes in helping individuals and businesses who live a lifestyle or participate in activities that make them difficult for traditional carriers to insure. If you’ve been denied, non-renewed, or canceled coverage, don’t give up quite yet. Chances are XINSURANCE can help.
