CA DOI Approves Cannabis Products Liability

Posted May. 18

Continental Heritage is proud to announce that its Products Liability and Recall Insurance for the California Medicinal and Adult-Use Cannabis Markets has been approved by the California Department of Insurance. We’re excited to soon offer broad and true coverage to an industry underserved of real insurance products. PRESS RELEASE May 16, 2018 — Commissioner approves new product liability program for cannabis industry SACRAMENTO, Calif. — Insurance Commissioner Dave Jones announced…

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California Approves Continental Heritage Cannabis Surety Program

Posted May. 18

Continental Heritage Insurance Company is the first insurer in the State of California to be approved to offer surety bonds for the California cannabis industry. Purchase your California Cannabis Bond online today at www.continentalheritage.com or contact us through our website or at [email protected] PRESS RELEASE February 21, 2018 — First surety bond program for cannabis industry approved by insurance commissioner SACRAMENTO, Calif. — Insurance Commissioner Dave Jones announced today he…

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What is a Surety Bond?

Posted Mar. 18

A surety bond is a mutually binding contract between three parties known as the Obligee, the Principal, and the Surety. The Obligee is the entity that requires the guarantee of a surety bond from the Principal. The Obligee may be a government agency, a company, or an individual. The Principal is the person or entity applying for and purchasing the bond from the Surety. The Surety is the insurance carrier.…

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What is a surety company?

Posted Mar. 18

A surety company is an insurance carrier that provides surety bonds that are used as a guarantee that a business or individual will comply with obligations and requirement of an agreement. Many surety companies are divisions within an insurance group, but some may be a surety company providing only bonding services. Surety is most common in contracts in which one party questions whether the counter party in the contract will…

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