Are there any relevant insurance policies to assist a cannabis company if their seed-to-sale POS system fails them?
Sorry for the belated response, traveling last week.
If your policy has Business Income (aka Loss of Income or Business Interruption) you may have coverage. Please note that there is a waiting period (24-72 hours is typical) for which you would not be compensated. Depending upon the nature of the event, Equipment Breakdown coverage may also come into play.
On a related note, Cyber Liability policies can protect an insured from the costs associated with data breaches.
Hope this helps.
If your policy has Business Income (aka Loss of Income or Business Interruption) you may have coverage. Please note that there is a waiting period (24-72 hours is typical) for which you would not be compensated. Depending upon the nature of the event, Equipment Breakdown coverage may also come into play.
On a related note, Cyber Liability policies can protect an insured from the costs associated with data breaches.
Hope this helps.
Anonymous
asked
Doug Banfelder
Sorry for the belated response, traveling last week.
If your policy has Business Income (aka Loss of Income or Business Interruption) you may have coverage. Please note that there is a waiting period (24-72 hours is typical) for which you would not be compensated. Depending upon the nature of the event, Equipment Breakdown coverage may also come into play.
On a related note, Cyber Liability policies can protect an insured from the costs associated with data breaches.
Hope this helps.
If your policy has Business Income (aka Loss of Income or Business Interruption) you may have coverage. Please note that there is a waiting period (24-72 hours is typical) for which you would not be compensated. Depending upon the nature of the event, Equipment Breakdown coverage may also come into play.
On a related note, Cyber Liability policies can protect an insured from the costs associated with data breaches.
Hope this helps.