Cannasure Insurance Services is the premier, full-service wholesale broker and MGA created exclusively to serve the cannabis and hemp industry. For over 10 years, Cannasure has been at the forefront of the industry providing Agents and Brokers with unparalleled depth of knowledge, comprehensive risk assessments and leading-edge product offerings. Cannasure provides unmatched protection to cannabis and hemp businesses helping them thrive.
The available coverages of this program include:
Property
- Business Income: + Actual Loss Sustained + Monthly limitation options 1/6, 1/4, 1/3
- Equipment Breakdown Coverage
- Living Plant Material, Goods in Process and Completed Stock Options
- Options include Expanded Property, Transit, Sewer and Drain, Ordinance or Law
- Pesticide/Fertilizer coverages built into form
General Liability
- Premises Liability
- Assault and Battery Coverage (Buyback)
- “Nose” Coverage Available
- Additional Rating Basis Options
Products and Completed Operations
- Product Recall
- Retro Date options with proper documentation
- Meaningful pesticide and fertilizer coverages built in
- Options include $250,000 Product Withdrawal Expense Coverage and a $50,000 Professional Liability Sublimit
- Additional Insured – Vendors Form when required by contract
NEW: Excess Property
- Prefer to match underlying limit ($10M xs $10M; $20M xs $20M)
The highlighted features of this exclusive program include:
Program Features:
- Available Nationwide
- Program Carrier is A.M. Best Rated A- VIII
Property
- Up to $55M per location property capacity
- Standard ISO based forms and Special Cause of Loss for Building, BPP, TI&B
- Can be written as a package or monoline
General LiabilityÂ
- Up to $6M/$6M General Liability
- Standard ISO Occurrence form with no deductible and defense outside limits
- Numerous Additional Insured forms available with Waiver and PNC as well
- Can be written as a package or monoline
Products and Completed Operations
- Products and Completed Operations up to $5M/$5M
- Standard Claims Made ISO form with $2,500 base deductible and defense within
- Deductibles up to $100,000
Excess Property
- Excess Property up to $20M Per Location
- Will sit over any “A” rated Property carrier
- Prefer to match underlying limit ($10M xs $10M; $20M xs $20M)
The target classes and typical risks we focus on for this program are:
- Dispensaries
- Cultivators
- Processors/ Manufacturers
- Ancillary Businesses
- Landlords/ LROs
- Testing Laboratories
The submission requierments of this exclusive program include:
- Cannabis and Hemp Package Application
- Loss Runs
- Lighting Supplemental Application (For cultivation only)
Appointed Agents can visit our forms and applications page to access all required documents and submit completed forms.