Emerging industries—from cannabis and hemp to nutraceuticals and alternative wellness products—are evolving rapidly. New products are entering the market faster than regulations can keep up, and consumer demand continues to grow.
But insurance? It hasn’t evolved at the same pace.
Most standard insurance policies are built for traditional industries. They’re designed around predictable operations, stable regulations, and clearly defined risk profiles. That’s not the reality for emerging businesses.
This disconnect creates serious exposure.
For example, a manufacturer producing ingestible products may assume their general liability policy covers bodily injury claims. But buried in the policy language could be exclusions related to certain ingredients, unapproved supplements, or even “novel” compounds. In the event of a claim, coverage may not respond the way the business expects.
Similarly, a distributor might believe their goods are fully protected in transit—only to discover gaps between property, inland marine, and third-party logistics coverage.
These aren’t edge cases. They happen every day.
The core issue is that risk in these industries is:
- Multi-layered
- Constantly changing
- Highly dependent on how the business actually operates
That’s why a one-size-fits-all insurance approach doesn’t work.
At Bozzuto Group, we take a supply chain-driven view of risk. We look at every touchpoint:
- Sourcing and cultivation
- Manufacturing and formulation
- Packaging and labeling
- Distribution and logistics
- Retail and end-use
Because exposure doesn’t live in one place—it moves with your product.
If your insurance program hasn’t evolved with your business, there’s a good chance you have gaps.
Contact Bozzuto Group for a tailored quote and risk review built specifically for your operation.