Medical Marijuana Malpractice Insurance
Medical Marijuana Malpractice Insurance | Medical Marijuana Physicians
By: Allen Financial Cannabis Insurance
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Medical Marijuana Physicians
As a physician, are you currently covered for recommending medical marijuana?
The vast majority of insurers will not cover physicians for non-FDA approved procedures, therapies or even medications. If you are covered under a standard insurance contract and recommending medical marijuana to patients, you will most likely not be covered and will have to deal with a medical malpractice suit all on your own if something goes wrong.
Obtaining medical marijuana malpractice insurance is crucial for physicians to protect your practice. Traditional malpractice insurance will list any cannabis related prescriptions or treatments as an exclusion to your policy. For years it has been difficult, if not impossible to get insurance for doctors prescribing medical marijuana to their patients. Times have changed and AFIG Cannabis is here to provide you with the most comprehensive coverage in the industry.
Why Do I Need Medical Marijuana Malpractice Insurance?
The potential legal costs of an uninsured malpractice suit are astronomical and could have disastrous consequences for your practice. Medical marijuana liability insurance is not just another business expense–it has become a necessity. In the event of a patient filing a suit, you’ll be extremely glad that you have medical marijuana malpractice insurance.
Who Is Medical Marijuana Malpractice Insurance Suitable For?
Any company, medical practice or business that is involved in any way in the prescription or supply of medical marijuana should ensure that they are adequately covered. As such, we will assist you with all of your medical marijuana-related inquiries.
More specifically, we can assist with insurance for medical marijuana doctors. We are specialists in the insurance needs of the medical marijuana industry and can provide expert recommendations.
Where Can I Get Medical Marijuana Physicians Insurance?
AFIG Cannabis can give you a tailor-made marijuana physician’s insurance solution which will cover all of your medical marijuana liability needs. Any costs associated with claim defense as well as any judgments against you and your business will be covered.
We have established partnerships with a number of AM best rated A or better insurance providers with the purpose of providing the best protection available for you and your business. This means that you will get the best medical marijuana physician’s insurance possible and can rest easy that we have you covered.
How Much Does It Cost?
Each policy is prepared individually based upon your specific needs and the requirements of your business. When you submit an application, we will give you a quote which is tailored to your exact circumstances, risk profile and business needs. It doesn’t cost anything to inquire.
Important Things to Remember
When purchasing medical marijuana malpractice insurance for your practice it’s important to obtain the right amount of coverage. Be sure that your company is neither overinsured nor underinsured. To help you decide the amount of property insurance you need, list all your company’s assets—including property, equipment, and inventory. Insurance for businesses in the marijuana industry is not something you can buy from anyone. Because of its unique standing, only a few companies are able to evaluate the true risks of your business. There are other important considerations you need to keep in mind such as the need to maintain higher levels of security than a traditional business.
At AFIG Cannabis we take all factors into consideration when determining your insurance needs and eligibility including:
- Individual history of claims versus losses
- History of losses and claims in your industry
- Company financials and credit rating
- Collective Risk models and mitigation planning
- Legal defense plans and coverages