That trendy CBD cocktail bar your client wants? It might be legal, but it’s a coverage nightmare waiting to happen.
The Insurance Reality Check
Table of Contents
Here’s what carriers really think about CBD and cannabis products:
- Most explicitly exclude coverage
- Others charge astronomical premiums
- Many won’t touch it at all
- None want the liability
- All see it as high risk
“But It’s Legal!”
So is skydiving. Doesn’t mean your insurance covers it. When it comes to CBD:
- Legal status doesn’t equal coverage
- Event insurance excludes it
- Venue policies don’t want it
- Liability remains huge
- Risk isn’t worth reward
Real World Problems
Picture this: A guest has a bad reaction after a CBD cocktail and drives home. Guess who’s getting named in the lawsuit? Hint: Everyone, but especially the venue with the deep pockets.
Protect Your Venue
Smart venues:
- Ban all CBD/cannabis products
- Put it in writing
- Check for violations
- Document any discoveries
- Remove products immediately
If You Find It
- Document everything
- Take photos
- Note time and location
- Record who was involved
- Save security footage
- Keep incident reports
The Bottom Line
CBD might be trendy, but trends don’t pay lawsuits. Keep it out of your venue entirely.
Your Action Plan
- Update your contracts
- Train your staff
- Post clear policies
- Maintain documentation
- Stay consistent
Need help crafting a solid CBD policy? Let’s talk before that trendy request becomes a costly problem.
