The Indie Business Network now offers, through Veracity Insurance Services, IBN members product liability insurance for topical, full-spectrum products containing hemp CBD. This new offering enhances our robust yet affordable non-hemp CBD product product liability insurance program. Both programs are described here. We are hosting a member Success Call today to share more details and to answer your questions.
For over a decade, IBN members have purchased insurance through our program, making it possible for them to sell their products with increased confidence online, and also to spas and retail stores, and at craft fairs, trade shows, and pop-up shops.
What is CBD?
Cannabidiol, also known as CBD, is a naturally occurring derivative of hemp, a form of cannabis with lower tetrahydrocannabinol (THC) levels than marijuana.
Late last year, Congress passed what has become known as the Farm Bill, which legalizes the production of hemp. With the passage of the Farm bill, hemp and hemp derivatives, such as CBD, are no longer classified as prohibited substances under the Controlled Substances Act.
The Farm Bill has removed CBD, at levels 0.3% or less, from substances that are regulated by the Drug Enforcement Administration.
Now that CBD can be legally incorporated into consumer products, the Indie Business Network is pleased to announce the offering of product liability insurance coverage to our members who make products containing hemp CBD.
Join us for today's Success Call to get all of the juicy details.
What is a Success Call?
One of the benefits of IBN membership is live Success Calls with someone with the expertise to help YOU set and achieve your business goals. These are great opportunities to learn and grow in a supportive community, and to meet some of the people who can make your business more profitable and more fun. The guest for today's Success Call is Larry Allred of Veracity Insurance Services.
About Larry Allred
Larry Allred entered the insurance industry over a decade ago. Today, he focuses exclusively on the commercial insurance sector, and he loves serving small and independent companies through Veracity Insurance Services.
Since 2014, Larry's attention has been focused fully on startup businesses trying to bring new products to market. He loves seeing the energy that these entrepreneurs have, and is passionate about helping them get the insurance they need to protect their products and business.
Ask Questions in Advance
How to Join Today's Success Call
If you are already a member of the Indie Business Network, the call information will be emailed to you, and it has been posted in our exclusive private member entrepreneurial community.
If you are not a member of the Indie Business Network, join now so you don't miss this and other events to help you be successful in your life and in your business.
See you on today's Success Call!
Do you have insurance coverage for your Maker business? Does it cover CBD products? How much do you pay? Do you know exactly what you are paying for? I'd love to hear how you manage this issue! Feel free to share thoughts, experiences, and feedback in the comments below, or share on Facebook, Twitter and LinkedIn.