Ala. Admin. Code r. 80-14-1-.05 - Insurance Requirements For Cultivators
Cultivators and Integrated Facilities are required to maintain a minimum of two million dollars ($2,000,000) of liability and casualty insurance and shall establish and at all times maintain the minimum level of other financial guarantees, if appropriate and required by the Commission for all licensees. Liability insurance shall include, at a minimum, workers' compensation insurance as well as insurance against loss, damage or injury to any non-employee while on the premises; loss, damage or injury to the body or personal property of any third party as a proximate result of the acts of the Cultivator or Integrated Facility or its personnel; and loss, damage or injury to any foreseeable person as the result of any products derived from cannabis that had once been in the custody or control of the Cultivator or Integrated Facility. At a minimum the cultivator or integrated facility must be insured against, fire, flood, wind, or other acts of God.
Notes
Author: Patrick B. Moody
Statutory Authority: Code of Ala. 1975, ยงยง 20-2A-50, 20-2A-52, 20-2A-53, 20-2A-62.
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