The cannabis, CBD and hemp industries are new, controversial and face ongoing scrutiny in addition to normal business risks. As a result, smart business owners must pay close attention to their insurance coverages and exposures in order to protect their assets and investors to the best of their fiduciary ability. There is still a lot of unknown exposure in the industry, but the proper coverage and expertise advice and guidance can help mitigate that risk. We highly recommend you speak with us, along side with your attorney, about your cannabis and hemp insurance, to make sure you have the proper coverage on an annual basis. Working with a company and its licensed advisors who have been insuring business in the cannabis space since legislation in one of the best ways to protect your business, your employees, your clients and the industry we all advocate for.
What’s your business?
We provide custom insurance coverage based on the exact needs of our clients.
Cultivators
Planting, nurturing, harvesting and preparing the product for manufacturing. Cultivators are where it all starts. We can help protect all aspects of your business, including from the unique challenges you face with product liability and damage exposure.
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Manufacturers
While manufacturers are processing, drying, curing, packaging, labeling and more, we make sure they have the right protection. This includes your exposure to product liability for your wide variety of products.
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Retailers/Wholesalers
Where the product meets the consumer ... medical or recreational, retail or wholesale, we understand the unique coverages that are required. This includes product liability for cannabis and CBD products plus theft and more.
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Distributors
Transporting cannabis and related products requires specific insurance, including commercial auto tailored for the industry. And because federal laws make this a mostly cash business, we face even greater exposure to theft.
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Laboratories
Labs do all that behind the scenes work to keep our products safe and consistent. This includes not only buds, but extracts, concentrates and edibles. Which leads to a lot of potential product liability exposure. We understand the unique needs of labs - a member of our team is a scientist - and can provide the proper protection.
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Landlords
Leasing space to a company in the cannabis or related business requires special attention be paid to insurance coverages. Many CGL policies exclude our industry, and due to the nature of our tenants we have unique exposures to pay attention to.
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What’s our business?
We help cannabis and hemp companies understand and mitigate risk.
Aspen Cannabis Insurance provides high quality, competitively-priced, customized insurance coverages from industry reputable companies that actually cover cannabis operations to make sure all of our clients are properly protected. We have an extensive knowledge of the cannabis and hemp business insurance sector, participating in numerous industry organizations, statewide association events and other industry workshops so we remain informed of any regulatory changes, challenges and opportunities to continue to help our clients. Advisors at Aspen work with a large number of insurance underwriters that are able to creatively help our clients protect their businesses, oftentimes when other insurers said it wasn’t possible. Our job is to protect our clients, protect consumers and protect the industry we all love and support.
We currently offer cannabis and hemp insurance in the following states. Please contact us if you are in a location not listed as we’re adding new states on a regular basis.