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
One Stop Medical Marijuana Insurance Solution
MMD Insurance Services, the first insurance provider to offer comprehensive coverage for agencies catering to Cannabis and Hemp Industries, continues with list of cannabis industry firsts.
<strong>Sacramento, CA (October 18, 2010)—</strong>Medical Marijuana Dispensary (MMD) Insurance Services continues to break new ground in the medical cannabis industry with the first-ever comprehensive insurance package available to the medical marijuana industry. Businesses operating in the medical cannabis industry can now get comprehensive insurance quotes from a single source, for insurance coverages including: general liability, property, worker’s compensation, commercial auto, hired and non-owned auto, outdoor and indoor crop cultivation operations, special events and product liability. Single-line and package quotes, in most cases, are available to businesses in less than one hour.
MMD Insurance Services is the first general agency to specialize in the Cannabis and Hemp insurance industry and the first to provide single-source comprehensive coverage. “Insurance agencies no longer have to send multiple applications to multiple carriers to provide complete package quotes for cannabis clients,” says Mike Aberle, National Director, MMD Insurance Services. As an “all-in-one” solution, MMD has streamlined the quoting process “with the latest technology and proper underwriting,” states Aberle, allowing MMD Insurance to provide comprehensive package quotes quickly and efficiently for most lines of coverage. “We’ve realized that time is of the essence for many of these dispensaries, collectives and cultivators,” Aberle says. “We’re proud to work with industry leaders to provide these coverage options.”
“MMD Insurance takes a different approach,” offers Aberle. “We strive to not only provide the best coverages, but to work with the industry to educate our appointed agencies on the cannabis industry.” MMD has worked very closely with advocates and industry leaders to develop innovative insurance programs and coverages designed to meet the changing needs of the burgeoning cannabis industry.
<strong>About MMD, Medical Marijuana Insurance Services</strong>
MMD (Medical Marijuana Dispensary) Insurance Services develops specific insurance programs for medical marijuana dispensaries, collectives and cooperatives across the nation. As the first general agency to offer comprehensive insurance solutions to the medical cannabis industry, MMD provides a complete line of insurance solutions for Medical Cannabis Industry-related businesses in all states permitting the use of Medical Marijuana, with filings in all 50 states.
For more information about National Medical Marijuana Insurance Coverage or for a quote on insurance for Delivery Services, Crop Loss, Property & Liability and other coverages, contact the MMD Insurance Services, National Director, Mike Aberle, via email at maberle@statewideins.com, or by phone at 888-844-6222 ext. 4808. Insurance applications and additional information is also available online at www.mmdinsurance.com.