Is there Cannabis Insurance for my dispensary or cultivation?

Cannabis and marijuana insurance for dispensaries and cultivation - photo of purple diesel

Did you know that you can buy insurance for your cannabis business? You sure can! Introducing coverage for all phases of cannabis production from "Seed to Sale". Product Liability Insurance, crop insurance, lost revenue, transportation and even recall insurance. That's right. Transfer the risk of catastrophic loss to an insurance company to offset the loss.

The Cannabis insurance segment is new and changing every day. Lloyds of London was writing coverage in Colorado and as of the fall of 2015, they decided to withdraw their insurance coverage's as they were un sure of their increasing market risk as well as the overall state of the industry. Hanover Re has an outstanding product offering Liability insurance, crop insurance and more. Their products are flexible and have some of the best coverage forms in the industry. Hudson Insurance recently entered into the market and many more will follow.

What types of Cannabis Insurance can you buy? Lets list a few.

1. Product Liability Insurance: Coverage for when your product leaves your facility up to $2mill

2. Crop Insurance: Coverage for the 6 phases of identified phases from seed to finished product

3. Business Income: When you purchase Cannabis Crop Insurance, you can buy Business Income which will replace your lost revenue that results from a covered peril

4. Equipment Breakdown: If your electricity, HVAC, CO2 etc malfunctions, we cover your marijuana plants from seed to finished product

5. Professional Liability: Is someone spraying your plants with a fertilizer or solution? What happens if they spray the wrong product and cannabis crop is lost?

6. Transportation of finished product and cash: This is called stock throughput insurance and available up to $10,000,0000 in coverage.

7. Much, Much More

It is believed that over 80% of current dispensaries, cultivators, laboratories and extraction facilities are under insured or not insured at all. Why is that? First off, many marijuana business don't know that insurance coverage is available. Another reason might be that the MED does not require product liability insurance. Another leading factor is that many cannabis business owners are investing their funds into the growing and systems necessary to produce. In essence short on cash.

As the marijuana insurance industry and the overall industry expands and evolves, there will be other opportunities for insurance. More companies will enter the space and www.cannabisinsurancesolutions.com will be ready to field the inquiries.

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The mission of Cannabis Insurance Company LLC is to provide security and protection for qualified marijuana businesses. We will accomplish this in an expanding, diversified market throughout the US. Quality products, superior service, quality control, education and accountability is our primary goal. We will maintain high standards of excellence by continuing to educate and train our personnel in an expanding Cannabis Industry.

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The mission of Cannabis Insurance Company LLC is to provide security and protection for qualified marijuana businesses. We will accomplish this in an expanding, diversified market throughout the US. Quality products, superior service, quality control, education and accountability is our primary goal. We will maintain high standards of excellence by continuing to educate and train our personnel in an expanding Cannabis Industry.

9200 West Cross Drive, Suite 515
Littleton, CO 80123

quote@cannabisinsurancesolutions.com

844-467-8765


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