Insurance for Cannabis Related Businesses
Insurance for marijuana retailers, growers, and processors
You may think of your cannabis related business as something so unique that insurance and other mundane business management concerns have limited applicability. That may have been true when cannabis growers and 'retailers' operated in the shadows of illegality but those days are gone. Any legitimate business needs a business plan and a legitimate business plan should include insurance protection.
As with any business insurance program insurance isn't a one size fits all proposition. Business insurance programs should be tailored for:
- Marijuana Growers
- Marijuana Processors
- Marijuana Retail Operations
- Lessor's Risk (renting property to cannabis related businesses)
Most any cannabis business will need to consider these types of insurance:
- General liability insurance
- Property insurance
- Business property insurance
- Product liability insurance
- Business income insurance
Other insurance needs and products will vary depending on the type of business operation but could include:
- Commercial auto insurance
- Equipment breakdown insurance
- Cargo/transit insurance
- Tenant improvements insurance
- Excess liability insurance
We are well versed in all of the thirty three legalized State requirements including Washington's I503 and we have the knowledge and insurance market access to put the right program together for your cannabis related business. Contact us for a consultation and proposal today!