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502 Retail Insurance

I-502 Retail Store Insurance Plans

WAC-314-55-092 Insurance requirements  314-55-082

Licensees must obtain insurance coverage as set out in this section. The intent of the required insurance is to protect the consumer should there be any claims, suits, actions, costs, damages or expenses arising from any negligent or intentional act or omission of the cannabis licensees. Licensees shall furnish evidence in the form of a certificate of insurance satisfactory to the WSLCB that insurance, in the following kinds and minimum amounts, has been secured. Failure to provide proof of insurance, as required, may result in license cancellation.
(1) Commercial general liability insurance: The licensee shall at all times carry and maintain commercial general liability insurance or commercial umbrella insurance for bodily injury and property damage arising out of licensed activities. The limits of liability insurance shall not be less than one million dollars.
(a) This insurance shall cover such claims as may be caused by any act, omission, or negligence of the licensee or its officers, agents, representatives, assigns, or servants.
(b) The insurance shall also cover bodily injury, including disease, illness and death, and property damage arising out of the licensee’s premises/operations, products, and personal injury.
(2) Insurance carrier rating: The insurance required in subsection (1) of this section shall be issued by an insurance company authorized to do business within the state of Washington. Insurance is to be placed with a carrier that has a rating of A – Class VII or better in the most recently published edition of Best’s Reports. If an insurer is not admitted, all insurance policies and procedures for issuing the insurance policies must comply with chapters 48.15 RCW and 284-15 WAC.
(3) Additional insured. The state and its employees, agents, and volunteers shall be named as an additional insured on insurance policies required under this section. All policies shall be primary over any other valid and collectable insurance.
Contact one of our licensed insurance agents today to assist you navigate the complex commercial application process.

Long-Term Care Insurance Requirements – How it works:


Washington workers will pay up to $0.58 per $100 of earnings. Every employee contributes – employers do not.

  • Contributions will begin July 1, 2023 and benefits will become available July 1, 2026. Employers who have already collected premiums are responsible for reimbursing employees within 120 days of collecting them.
  • People who are near retirement earn partial benefits for each year they work. Anyone born before January 1968 can earn 10% of the full benefit amount for each year they work at least 500 hours.
  • Workers who live out of state, workers on non-immigrant visas and military spouses can opt out. These groups will be able to apply for a voluntary exemption starting January 1, 2023. Workers with these exemptions will begin contributing if their situation changes and they no longer qualify for an exemption.
  • Veterans with a 70% or higher service-connected disability can opt out. These workers have access to some long-term care benefits through the VA and may choose to apply for a permanent exemption from WA Cares Fund starting January 1, 2023.
  • For more information contact us today.


Premera plans include access to high quality, affordable, and convenient medical care 24/7. Your employees can avoid the hassle, wait, and cost of an urgent care or emergency room by connecting with a virtual care provider 365 days a year—even weekends and holidays. Our licensed agents have I-502 Employee Group Plans specifically tailored to the industry.