We understand cannabis and hemp insurance and will help you select the best coverages for your specific needs and find you the best prices.
Cannabis, hemp and related businesses have similar insurance needs as most commercial businesses, including general liability, product liability and property. Getting insurance, though, can be more difficult as our industry has added risks, a short actuarial history and in some cases, regulatory challenges.
We work closely with a large number of insurers to find the best policies for our clients. Not only that provide proper coverage but also stand behind their policies. And, of course, have a fair price.
Following are the most common types of insurance we provide to companies in our industry. If there is a coverage you are interested in and don’t see it below, please contact us.
To learn which coverages we recommend for your type of business,
click Customize Your Coverage at the top of the page.
General Liability
Protection against claims involving third-party injuries on the premises and property damage resulting from business operations.
Product Liability
Protection against claims of bodily injury and property damage caused by products or services supplied through the business.
Property Coverage
Coverage for losses and damages to real or personal property.
Stock and Inventory
Coverage for manufactured products ready for sale or packaged and sealed inventory.
Loss of Income
Provides coverage for lost income and expenses resulting from property damage or loss.
Worker's Comp
Coverage for the expenses, including wages and benefits, pertaining to work-related employee injury or illness. This is coverage is required if you have employees.
Business Auto
Coverage for physical damage and bodily injury involving a company-owned vehicle or vehicle driven for business-related purposes.
Equipment
Coverage applies to the cost to repair or replace the equipment and any other property damaged by the equipment breakdown.
Crop (Indoor) Coverage
Coverage for viable vegetation in a controlled, indoor environment still rooted in a growth medium.
Property in Transit/Cargo
This policy provides coverage for items transported by or for your business in the event a product is lost, damaged or stolen while being loaded, transported, and unloaded.
Product Withdrawal
Coverage for an instance in which your product is recalled or withdrawn from the market because of known or suspected defects or tampering which has caused or is reasonably expected to cause injury.
Goods in Process
Coverage for partially completed goods, such as cannabis buds and flowers that have been harvested and are in the curing phase of production that are not yet ready for sale.
Director and Officer
Coverage for losses arising as a result of wrongful act allegations and lawsuits brought against the directors and officers of a company.
Umbrella Coverage
Additional liability insurance for when claims exceed the coverage limits of an existing liability policy.
Employment Practices Liability
Protection against claims that an employee’s legal rights have been violated as a result of discrimination, wrongful termination, harassment, etc.
Cyber Liability
Cyber liability provides coverage for a variety of both liability and property losses that may result when a business collects personal information or sells products over the internet. The most common exposure addresses business’ liability for a data breach.
Errors and Omissions
Errors and omissions (E & O) insurance covers inadvertent mistakes or failures that cause injury to a third party. The act must actually be an inadvertent error, and not merely poor judgment or intentional acts.
Other Coverages
A wide variety of coverages are available in addition to those listed above.