CANNABIS BUSINESS INSURANCE COVERAGES
Marijuana businesses are new and present unique, unknown risks which can be managed with appropriate cannabis insurance policy covers. Underwriters must possess a clear understanding of the particular exposures that both medical and recreational operations present. Given the lack of claim experience, covering your business with policies that carry low or zero deductibles is wise. We are pleased to be able to offer “seed to sale” coverages for cannabis industry professionals.
What cannabis business classes do we cover?
Dispensaries (medical and recreational)
Manfactured marijuana product (cannabinoid) operations (including extraction)
Testing and quality laboratories
Landlord/renter properties used in cannabis operations
Grow/cultivation operations (indoor)
Cannabis smoking equipment
Policies are manuscripted to follow business owner policies (BOPs) or can be issued on a bespoke basis to include risks specific to a particular operation on broad and special forms. Coverages: crop, cargo, stock/inventory, property/building, business personal property, computers and POS devices, equipment failure and business income loss from cessation of operations, glass and certain scheduled property.
SuretyOne.com is the most agile underwriter of the surety bonds and insurance coverages needed by the marijuana industry. We firmly believe in supporting the availability of cannabis products to patients that benefit from them and for recreational use. We will consider applications for any operation in those states where current legislation favors legal marijuana businesses.
For further information contact us at (800) 373-2804 or email Underwriting@SuretyOne.com.
Cannabis business insurance application review and quoting are free of charge. There is no obligation to purchase.