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 »
News by State
Business Insurance for Medical Marijuana Services
Statewide Insurance Services, Inc., Medical Marijuana Specialty Insurance Division specializes in finding insurance for businesses in the Medical Cannabis Industry. Statewide works with national “A” rated insurance carriers to develop programs specifically designed to meet the needs of the industry.
From dispensaries, collectives and delivery operations, to cultivators and other service providers, Statewide works to represent the specific interests of businesses involved in this ever-evolving industry, from the perspective of the industry. Statewide is here to serve the needs of the industry and community. To best accomplish this, Statewide needs the input of those involved in the industry.
As needs, legislation and laws change, we will continue to offer more and improved coverages, but only with the assistance of businesses in the industry. In close cooperation with national “A” rated carriers and a range of medical cannabis organizations, Statewide has developed a superior array of programs specifically suited to the MMD industry. Involvement in MMD specialty programs requires evidence of a particular interest and commitment to the industry, Statewide has established this commitment.
As an insurance broker specializing in the Medical Cannabis market, we address prevalent concerns of privacy while providing businesses with the best coverage available through carriers familiar with your specific needs.
Statewide currently offers coverages for the following:
Medical Marijuana Collectives, Cooperatives and Dispensaries
Business Insurance Coverage:
- General Liability
- Workers' Compensation
- Equipment Breakdown
- Business Property
- Loss of Income
- Money and Securities
- Employee Dishonesty
- Glass Coverage
- Better and Improvements Building Coverage
- Computer Equipment
Finished Stock/Marijuana:
- Fire/Theft/Vandalism
- Transportation and Transit
Medical Cannabis Delivery Services
- Business Auto Coverage:
- 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
Statewide Insurance Services is committed to the success of the medical cannabis industry! We have the expertise and desire to offer the best insurance products currently available to suit the needs of the cannabis community.
We do, however, need to know what businesses require to better represent the interests of the community, from the perspective of the community.
If we see a need, we can fill it, but we need business owners, collective operators and others to help us do this. Your input and insight is invaluable.
As the head of our MMD specialty unit, Mike Aberle personally monitor the proprietary concerns of each account. He strives to continually enhance the program offerings, to improve coverages and to offer better pricing.
If, at any time, new needs or questions arise regarding medical marijuana business insurance coverage, do not hesitate to contact Mike Aberle and Statewide Insurance Services.