Bend, Ore--Dutchie — the technology platform powering cannabis commerce — announced in a press release the launch of Dutchie Insurance, a new full-service insurance offering designed to meet the needs of the cannabis industry by offering all-encompassing protection at the lowest prices.
[Image via Dutchie]
"Cannabis businesses need appropriate insurance coverage that gives them peace of mind and confidence that their businesses will be protected no matter what," said Mauricio Comi, head of insurance at Dutchie, in the news release. "Dutchie Insurance builds on our mission to help create safe and easy access to cannabis by ensuring the industry is supported and in a position to reach its full potential."
As of 2020, only six insurance carriers offered cannabis coverage. With a limited supply of coverage options, prices are often higher, and coverage can be inferior. Further, a patchwork of regulations creates confusion and barriers to justly insuring dispensaries, leaving businesses frustrated at the amount of time and resources needed to find a good insurance plan. Dutchie Insurance is a response to fragmented insurance providers who are unfamiliar with the intricacies of the cannabis industry and unable to offer dispensaries reliable, affordable coverage and rates. Existing cannabis insurance offerings are limited, and getting insurance can be long and convoluted.
Tackling this issue head-on, Dutchie's team uses data to identify gaps in insurance and ensure any cannabis business has the right coverage at all times, even as businesses change and grow. Dutchie partners with leading insurance carriers to provide a dedicated account manager who negotiates and secures the best coverage plan for the best price. The service offers programs that cover and protect everything for a cannabis business, including property, physical products, lawsuits, and more.
The launch of Dutchie Insurance follows on the heels of both Dutchie POS and Dutchie Pay. Dutchie Insurance signals the company's evolution to serve customers throughout the cannabis supply chain from seed to sale. To learn more about Dutchie, visit https://business.dutchie.com/.