Cannabis Industry Insurance

As a cannabis business owner, you share the same risks as agricultural and manufacturing businesses. In addition, you also have higher state and federal regulations to meet. That is why you need more than just typical policies to mitigate the risk on your business.

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How to Apply:
Call 281-622-8057

Of Note:
  • If currently insured, transition guidance available to simplify this process
  • An inspection of property will occur within 30 days after policy issuance
  • Responsive and reliable claims handling if and when needed

Custom Packages

We offer customized options to fit your needs. A monoline policy covers only one type of insurance, for example commercial auto or workers comp. A package policy include two or more policies worked together to save you on costs. Commercial packages usually bundle general liability, workers compensation, auto, or property to name a few options. Our licensed agents can create packages for your unique needs.

Cultivation

Commercial cannabis cultivation activities include planning, planting, growing, harvesting, trimming, drying and curing. Since the bud is considered a product, cultivators have a product liability exposure from potential claims such as injury or illness from a product originating from a grower using non-approved pesticides.

Manufacturing

As the next step in the supply chain, these business models have their own set of challenges and risks. The process of drying, curing, packaging and labeling all contain unique opportunities such as, contamination, theft, spoilage, chemical exposure, or improper labeling to name a few. A specialized package policy can combine workers compensation, product liability or general liability to cover your exposure.

Distribution

Transportation in the cannabis industry is a specialized process. States frequently impose strict regulations other industries to no have to follow. The commercial auto insurance needs to be tailored to the high risk of the cannabis industry due to the large volumes of high value products and cash. You need protection beyond standard auto policies that may not cover employees driving personal vehicles for your business especially if they are transporting cannabis.

Retail/Wholesale

As the final step in the supply chain, they face risks from property exposure to fire, vandalism and theft. In addition, general liability from slips and falls, security failures and crime. The also have the exposure to product liability. For example, a customer may sue for personal injury after ingesting an edible purchased at the store.

This means package insurance is the best option for a retail or wholesale shop. Our licensed agents can combine the policies your business needs to stay covered in each category.


Protect your team members

Workers’ compensation insurance, commonly known as workers’ comp, is insurance that covers medical expenses and a portion of lost wages for employees who become injured or ill on the job. Coverage also includes employee rehabilitation and death benefits.

Workers’ compensation insurance is required by law in almost every state. Some worker exemptions exist, so you’ll want to check with your state to find out if coverage is mandatory for your business.

Choosing to forgo workers’ comp coverage puts your business at high financial risk. Not only can you face a lawsuit for workplace injuries, but you’ll likely be fined for breaking the law.

Each state has its own unique set of workers’ compensation laws that employers must follow. These regulations help ensure that employers provide coverage for the cost of work-related injuries or occupational diseases, regardless of employee negligence.

An employee can only receive benefits if their injury or illness relates to their job duties or employment. Workers’ comp insurance could cover injuries caused by lifting heavy equipment, slipping on a wet or oily surface, or sustaining injury due to fires or explosions.

If an employee isn’t acting within the scope of their employment and becomes injured, such as playing football with friends on a day off, workers’ compensation insurance won’t cover them.

Our licensed agents are experience in the industry. They can help you with your risk management strategy to protect your business and safeguard your financial investment.

Get fast, free, no obligation quotes for your business.