Cannabis Insurance Products

Insuring Cannabis Jars

We offer a variety of marijuana insurance products, coverages, and limits from several approved insurance companies to the cannabis industry.  All of our insurance carriers are A rated by A.M. Best that will insure retailers, cultivators, manufacturers, and testing facilities. 

Below is a current product menu with a list of products or coverages. The primary insurance products include commercial liability, business personal property, workers compensation, product liability, and commercial automobile.  Examples of insurance coverages may be specific limits of liability, additional insured endorsements, or terms within a policy such as a duty to defend.

Buying cannabis insurance is based on risk and budget

The choice of what product will meet a specific need is based on a variety of factors including the likelihood of a risk occurring, your budget, and concern by the company to insure such a risk. 

One of the most difficult questions to answer is the likelihood of an event occurring to determine if it should be insured or not.  No on has a crystal ball, but claims for theft of product and employee injuries are somewhat predictable.

Most companies are concerned about their commercial general liability and possibly property coverage meeting the needs of their landlord of they’re leasing space for their operation.  Lease agreements may specify certain requirements such as limits of liability, additional insureds, and other important provisions that must be met.

The cost of insurance is always an important consideration.  Depending on the product, the insurance carrier will base the premium on either revenue of the company or square footage of the business location. 

We’re here to help you simply that process and provide the protection you need.

Marijuana Insurance Product Availability Menu

We do our best to keep our current menu selection of insurance products up to date.  Below is a list of a variety if insurance products specifically for the cannabis industry. Please note, we are not licensed in all states and certain products are subject to approval by the insurance carrier.  If you have any questions, please feel free to contact us.

Type of Insurance Product or CoverageLiability, Property, or OtherLimits of InsurancePurpose of Insurance CoverageCurrent Status

Last Update 02-24-2018
Commercial General Liability InsuranceLiability $1,000,000 per occurrence and $2,000,000 per aggregateProvides coverage for the business location. This insurance is the most frequently type of insurance purchased.

Learn more about commercial general liability insurance.
Available
Personal and Advertising Injury InsuranceLiability$1,000,000 per occurrenceProvides coverage for personal and advertising injury. Included in most Commercial General Liability policies.Available
Duty to DefendLiabilityIncluded with limitsIncluded in most Commercial General Liability policies provides the legal protection or hiring of lawyers for a covered type of claim.Available
Fire Damage LiabilityLiability$1,000,000 subject to approvalLiability protection to damage at the premise location. Included in the Commercial General Liability Policy.Available
Products Liability InsuranceLiability$1,000,000 per occurrence. Higher limits may be available.Separate and distinct insurance policy to cover the unique risks with your product entering the stream of commerce and liability associated with this type of risk.

Learn More about Product Liability Insurance
Important to know Product Liability is excluded in most Commercial General Liability insurance policies.

Learn more about product liability insurance
Available
Excess LiabilityLiabilityUp to $10,000,000Separate policy providing additional liability protection above the existing Commercial General Liability Insurance.Available
Directors & Officers InsuranceLiability$1,000,000 Higher Limits Subject to ApprovalSeparate insurance policy to provide protection for the Directors and Officers covering third party negligence, bad faith, and breach of fiduciary duty associated with corporate governance.

Learn More About Directors and Officers Insurance

Learn more about directors and officers insurance
Available--Limited Number of Insurance Carriers
Professional LiabilityLiability$1,000,000 Higher Limits Might Be AvilalbeSeparate insurance policy for advice and errors & omissions.Available
Hired and Non-Owned AutoLiability$1,000,000Becomes part of your commercial general liability insurance. Coverage for the liability associated with your employees driving their own vehicles.

This type of insurance is often overlooked until a vehicle accident occurs with one of your employees.
Available
Building CoveragePropertyHigh LimitsCoverage for the building with a cannabis operation. The insurance can be purchased by a landlord or cannabis tenant..Available
Business Personal PropertyPropertyHigh LimitsCoverage for computers, furniture, grow equipment, display cases, manufacturing equipment, etc...

Learn More About Business Personal Property
Available
Tenant ImprovementsPropertyHigh LimitsCoverage for the improvements made at a business locationAvailable
Business Income/Extra Expense and Loss of RentsPropertyHigh LimitsCoverage for the loss of income/rents due to a business property loss. Similar to a disability insurance policy for a business.Available.
Cannabis StockPropertyHigh LimitsCoverage for the finished stock considered saleable form.

Learn More About Cannabis Stock Coverage
Available
Ordinance or LawPropertyHigh LimitsCoverage for the building when changes occur due to local building ordinance. Addresses certain gaps in the insurance policy.Available
Cash CoveragePropertyLimits subject to approvalCoverage for the cash being transported in company vehicles.NEW! Available
Transportation of CannabisPropertyLimits subject to approvalCoverage for the cannabis being transported in a company vehicleAvailable
Equipment BreakdownPropertyHigh LimitsCoverage for your business equipment as a result of an accident.Available
Coverage ExtensionPropertyUp to $25,000Additional coverage for Accounts Receivable, Employee Dishonesty, Money and Security, Outdoor Property (Trees, Shrubs, and Plants), Property in Transit, Personal Effects and Property of Others, Property Off Premises, Spoilage, and Valuable Papers and RecordsAvailable
Crop InsurancePropertyHigh LimitsLive plant coverage for the various stages including seedling, vegetative, and flowering.

Learn More About Crop Insurance

NEW! Available
Builders Risk InsurancePropertyHigh LimitsDuring the construction, a specific policy to cover the unique risks during construction of a cannabis operation. The construction may be for tenant improvements or new facility.

Ability to quote in-house
Nationally Approved Insurance Carrier
Coverage for New Buildings, Existing Building, Tenant Improvements, Retail, Manufacturing Facilities, Cultivaion Warehouse, Greenhouses, Etc
Capacity for projects of any size or value
Excellent rates and coverage value
Coverage can easily include project owner, general contractor, and subcontractors of all tiers.
Coverage options include earth movement, flood, ordinance and law, soft costs, business income and extra expense, and testing of building systems
Ability to increase additional coverage limits
Pro-rata cancellations
No co-insurance
Direct Billing

Learn More About Builders Risk Insurance
Available
Workers CompensationLiability$1,000,000 Subject to the insurance carrier and state.Insurance for employees injured on the job covering loss of wages, medical expenses, and liability to the employer. Limits up to $1,000,000, includes medical and loss of Income.

Designed to meet statutory state requirements, access to several approved insurance carriers, knowledge of specific job classifications for retail, grow, bakery, and manufacturers. variety of deductibles to save premium.

Reduce premium through cost containment and dividend plans. Access to safety consultants to reduce claims and Certificates of Insurance depending on the insurance company.

Learn more about workers compensation and common job classification risks
Available: Limited Number of Insurance Carriers
Commercial AutomobileLiability and PropertyVarious LimitsInsurance protection for your corporate owned vehicles providing liability, collision, comprehensive, and other coverages. Other coverages:

Insurance available and approved through a national insurance company
Ability to quote in-house
Meet Statutory State Requirements
Limits up to $2,000,000
Combined or Split Liability Coverage
Bodily Injury/Property Damage Liability
Variety of deductibles to reduce premium
Collision and Comprehensive Coverage
Variety of vehicles may be insured
Additional Insureds may be included
Rental Car and Towing Coverage
Hired and Non-Owned Auto Liability
Dedicated Claims Specialists
24 Hour Customers Service

Learn more about commercial automobile insurance
Available: Limited Number of Insurance Carriers