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
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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.
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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
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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
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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
Medical Marijuana Insurance Specialist Offers Pot Raid Coverage
MMD Insurance Services safeguards cannabis business operations by insuring facilities for losses from interference of state and local authorities.
Sacramento, CA (February 4, 2011)—Medical cannabis dispensaries, collectives, cooperatives, cultivators and caregivers can breathe a little easier now, provided they’re operating within state guidelines.
MMD Insurance Specialists now offers raid coverage for medical marijuana operations. “We believe this to be the first ever policy endorsement in history to cover government action, anywhere in the world.” Medical marijuana raid coverage is designed to protect legally operating medical cannabis businesses. The coverage provides relief to cannabis operations raided by state or local law enforcement agencies provided the operations have adhered to all specified state and local cannabis-related guidelines and are found innocent of all raid-related charges.
“We believe that business owners might require some financial assistance after a raid to get their operations up and running again,” states Aberle. “This coverage is designed to do just that.”
Available in all states currently permitting the use of Medical Marijuana, the Medical Cannabis Raid Coverage program does not cover property seizures conducted by federal enforcement agencies like the DEA.
About MMD, Medical Marijuana Insurance Specialists
MMD provides complete insurance solutions for agencies in all states permitting the use of Medical Marijuana, with filings in all 50 states. More information about insurance coverages or for fast, free quotes, contact MMD Insurance Specialists National Director, Mike Aberle, via email at maberle@mmdinsurance.com, or by phone at (877) 821-6064. Insurance applications and appointment information is available online at www.mmdinsurance.com.