For Small and Medium-Sized Cannabis Businesses
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 retail insurance agents 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.
Our Preferred Risk Program ensures that small to medium-sized cannabis businesses have the right-sized protection.
The available coverages of this program include:
General Liability
- $1M/$2M limits for all risks
- $0 Deductible Occurrence Form
- Off-Premises Liability for Consultants, Testing Labs and Delivery/Distribution
- Hired and Non-Owned Auto Liability (non-delivery)
- Employee Benefits Liability
- Additional Insured, Waiver of Subrogation, Primary Non-Contributory
Products
- Retail, dispensary, and cultivation risks
- $100K/$300K limit available for small business
- $1,000 Deductible Claims-made Form
Inland Marine
- Owned Property in Transit (including Cash)
- Bailees Coverages (including Cash)
- Scheduled Property
- Contractor’s Equipment
Property
- Up to $5M TIV
- Traditional Property Coverage (Building, TI&B, BPP, BI/EE)
- Industry Material (Indoor Crop, Harvested Material, Goods in Process, Finished Stock)
- Limited Off-Premises Utility Damage related Business Income up to $10,000
- Tenant Glass and Door Damage Coverage
- Sewer Backup
- Owned Property Off-Premises
- Expanded Property Endorsement: $10k, $25k, $50k or $100k
Lessor’s Risk
- Wide Range of Tenants Permitted
- Some residential exposure allowed
- Some vacancy allowed
- No minimum cannabis occupant requirement
Builder’s Risk
- Up to $2.5M TIV
- Soft costs available up to $25,000
- Renovations on Replacement Cost
- Existing Building on Actual Cash Value
The highlighted features of this exclusive program include:
General Liability
- Square Footage rating available for Cultivation, Processing, Manufacturing, Testing Labs, and Warehouses
- Monoline or Packaged with other coverages
- Available in All States
Products
- Flat rate
- Available when binding a policy containing General Liability
- Available in all Cannabis-Legal States
Inland Marine
- Up to $1M limits available – higher limits may be available for “best in class” operations
- Coverage is available for property in transit or in storage, at or away from the insured’s premises
- Bailees coverages include Stock, Harvested Material and Cash
- Packaged or Mono-line Inland Marine Coverage Available
- Available in All States
Property
- Up to $5M TIV for risks with $1M Tenant Improvements or Building
- Up to $1M TIV for Finished Stock, Harvested Plants, Goods in Process, Indoor Crop Coverage
- Higher limits may be available for “best in class” operations
- Monoline or Packaged with other coverages
- Available in All States
Lessor’s Risk
- Up to $5M TIV
- No General Liability deductible required
- Preferred Package with Property and General Liability
- Available in All States
Builder’s Risk
- Up to $2.5M TIV for Renovations and Ground-up construction
- No General Liability deductible required
- Preferred Package with Property and General Liability
- Available in All States
The target classes and typical risks we focus on for this program are:
- Dispensaries / CBD Retail
- Cultivators
- Processing/ Manufacturing/ Packaging
- Testing Laboratories
- Distribution/ Delivery
- Warehouse/ Storage
- Schools/ Consultants
- Ancillary Businesses
- Landlords/ LROs
The submission requierments of this exclusive program include:
Appointed Agents can visit our forms and applications page to access all required documents and submit completed forms.