Cannabis Insurance
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Cannabis Crop and Cultivators Insurance
Medical marijuana crop insurance coverage for small, medium and enterprise-level cultivation operations, including greenhouses and nurseries:
- General Liability Coverage
- Workers Compensation
- Buildings/Equipment/Crops
- Transit/Delivery Coverage
- Theft/Fire/Vandalism
- Wind/Hail/Falling Objects
- Other Standard Perils
- Finished Stock/Marijuana
- Get A Quote Now »
Dispensary, Cooperative, Caregiver & Collective Insurance
MMD Insurance offers a range of insurance options for dispensaries, collectives, cooperatives and caregivers including:
- General Liability Coverage
- Property Insurance
- Commercial Vehicle Coverage
- Workers’ Compensation
- Payroll Services
- Financing Available.
- Get A Quote Now »
Medical Marijuana Professional Liability Coverage
Protects the insured against claims made by clients for potential negligence or failing to adequately perform contracted professional services.
Sometimes referred to as Professional Liability/Errors & Omissions or Professional Indemnity Insurance, this coverage is typically excluded from a general liability or business owners policy.
Provides protection for attorneys and legal professionals working specifically in the medical cannabis industry.
Product Manufacturers and Cannabis Vendors
Cannabis product developers and commercial kitchens face challenges unique to the cannabis industry. From product liability to stock coverages, MMD Insurance understands the intricacies and details of running and insuring a cannabis business.
- Equipment Breakdown
- Stock Spoilage
- Business Property
- Finished Stock, Marijuana Theft and Fire
- In-Transit/Cargo Coverage
- Product Liability Coverage
- Get A Quote Now »
Commercial Auto and Marijuana Delivery
The transport and delivery of medical marijuana stock and related products poses challenges unique to the Cannabis Industry. Don't risk your inventory with inadequate auto coverage. MMD Insurance has designed commercial auto coverages specifically for medical cannabis businesses.
- Limits $15/30 to $1 Million – CSL
- In-Transit/Cargo
- $100-$10,000 Product/Money
- Hired and Non-Owned
- Workers Compensation
- Finished Stock/Marijuana
- Employee Dishonesty
- Get A Quote Now »
State Raids and Legal Defense Insurance
Legal Defense Costs Reimbursement applies to arrest or charges brought against the insured by a Governmental Authority arising from the possession, transportation, cultivation or distribution of medical marijuana or marijuana derivatives and for which the insured pleads not guilty and believes they have a legal right to do so under state and local guidelines. The insurer becomes liable to pay incurred fees no sooner than 60 days after the earliest of the following:
- Insured pleads "not guilty" to all charges
- The charges are dismissed
- Insured is found not guilty of all charges
The maximum limit to liability under the Governmental Action Reimbursement Endorsement is $5,000 per occurrence and $10,000 aggregate.
Medical Marijuana Property and General Liability Insurance
MMD Insurance provides comprehensive insurance coverage options for business operating in the medical cannabis industry. Protect your investments with a business insurance program uniquely designed for your industry and your business needs.
- Cannabis Workers' Compensation
- Equipment Breakdown
- Business Property
- Loss of Income
- Money and Securities
- Employee Dishonesty
- Glass Coverage
- Tenant Improvements
- Computer Equipment
- Get A Quote Now »
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Benefits of Working with an Experienced Cannabis Insurance Agency
There are multiple benefits of working with an experienced cannabis insurance agency. Specialized agencies can help your business ensure that there are no exclusions or hidden items that will prevent a claim from being paid. Moreover, an experienced agent can guide you into the types of coverage that your specific business needs, and help avoid over insuring. The team at Cover Cannabis can answer any questions you may have and help show you why an experienced cannabis agent is the right choice.
Finding business insurance is one of the most important components of running a successful business of any type. However, when your business is cannabis-related and there are a lot of grey areas and red tape to contend with, finding the appropriate insurance for your company is even more pressing.
Thankfully, there are emerging insurance agencies and companies who specialize in cannabis insurance. Turning to such specialized insurance products for your business may seem like an unnecessary burden, but in actuality, you may be saving yourself from headaches and losses in the event of a future claim, as specialized cannabis insurance agents can help ensure your policy has the right coverage for your type of business.
An Experienced Cannabis Insurance Agency Will Understand Your Unique Needs
The Cover Cannabis team knows the cannabis-focused insurance carriers. We'll ensure that you're connected with the carrier that most cost-efficiently meets all of the needs your cannabis businesses, including coverage for your crop, your property, business transportation, and product among others.
And if an incident occurs, we're here for you.
There is no one insurance policy that will cover every cannabis-related business. Some business owners will only have a grow operation, others may have a dispensary and a commercial building. The specialized insurers out there get the fact that up-and-coming cannabis businesses are going to have different needs, and they do their best to build policies and coverage options to suit each one individually.
As cannabis grows as a legal product, more states will require those in the business to carry the proper business insurance coverage. While there may not be as many insurance providers out there who do offer coverage specifically for cannabis, more insurance companies are stepping up to the plate as states
go legal to offer some form of insurance. However, the companies who have taken the initiative to focus solely on the cannabis industry are far more knowledgeable about the industry and capable of offering the right levels of protection.
We Know the Insurance Industry. We Also Know Cannabis.
Cover Cannabis stands out for our breadth of knowledge, and our laser focus. We have industry heft,
as part of a larger insurance agency. But we focus solely on cannabis. We match your company with the dependable insurance solutions you need to protect yourself, your employees, your property and your product.
Whether you have years in the industry or are just diving in, we're committed to supporting your goals and protecting your investment. If you have questions or if you're ready to begin, call us at Cover Cannabis. Our number is (833) 819-5010, and we look forward to discussing your business and its specific needs.