Cannabis & Hemp Insurance
Specialized Protection for a Specialized Industry
Cannabis and hemp businesses can face insurance risks that extend far beyond those of a traditional business.
From cultivation and manufacturing to distribution and retail, each stage of the operation can create unique exposures involving property, equipment, products, employees, customers and regulatory requirements.
Quality Insurance Group helps cannabis and hemp businesses explore specialized insurance solutions designed around their operations and individual risks.
Cannabis & Hemp Insurance May Include
General Liability
May help protect your business against certain claims involving bodily injury, property damage and other covered liability exposures.
Commercial Property
May help protect buildings, equipment, inventory, furnishings and other insured business property against certain covered losses.
Product Liability
May provide protection against certain claims alleging injury or damage associated with products your business manufactures, distributes or sells.
Crop & Cultivation Coverage
Specialized coverage may be available for certain plants, crops, cultivation equipment and related property, depending on the operation and policy.
Equipment Breakdown
May help protect against certain losses resulting from covered mechanical or electrical breakdowns involving essential business equipment.
Workers’ Compensation
May provide benefits to eligible employees who experience a covered work-related injury or illness while helping protect the business from certain associated costs.
Commercial Auto
Coverage may be available for vehicles owned or operated by the business for certain transportation, delivery or other business purposes.
Cyber Liability
May help protect against certain financial losses associated with data breaches, cyberattacks, privacy incidents and other covered cyber events.
Crime & Theft Coverage
Specialized protection may be available for certain theft, employee dishonesty, money and securities, or other covered crime-related exposures.
Coverage Across the Cannabis & Hemp Industry
Insurance solutions may be available for businesses involved in different areas of the industry, including:
- Cultivators and growers
- Hemp operations
- Manufacturers and processors
- Dispensaries and retailers
- Wholesalers and distributors
- Testing laboratories
- Equipment and service providers
- Property owners leasing to cannabis-related businesses
Coverage availability can vary depending on the nature of the operation, products, location, licensing and other underwriting requirements.
Your Risks Are as Unique as Your Operation
A cultivation facility has very different insurance exposures than a retail dispensary, manufacturer or testing laboratory.
Equipment values, inventory, security, employees, transportation, product handling and property ownership can all affect the insurance protection a business may need.
Quality Insurance Group can help identify potential exposures and explore insurance options designed around your specific operation.
Specialized Industry. Experienced Guidance.
Finding insurance for a cannabis or hemp business can require access to specialized insurance markets and an understanding of the risks associated with the industry.
Quality Insurance Group can help you explore available coverage and build an insurance strategy designed around your business.