Looking for the best Cannabis Insurance?
Smart Risk Insurance has you covered. We have been working in this space since the medical cannabis pilot program was signed into law August 1st of 2013, so we understand the business. We have built relationships with multiple insurance companies, giving us the ability to create custom coverage, often at great savings to our clients.
A comprehensive list of cannabis insurance solutions:
· General Liability
· Product Liability
· Business Personal Property
· Business Income & Extra Expense
· Crop Coverage
· Finished Stock Coverage
· Building Property
· Excess Liability
· Product Withdrawal/Recall
· Workers Compensation
· Professional Liability
· Commercial Auto
· Hired & Non-owned Auto Liability
· Directors & Officers
· Employment Practices Liability Insurance
· Surety Bonds
As you can see, we offer a wide range of coverages for the marijuana industry. Which of these we recommend for your business depends largely on the type of cannabis business you operate. To find out, simply give us a call or request a quote.
We make the process of finding the right insurance for your cannabis business simple, efficient, and cost effective. In fact, we do all of the work for you.
Who to trust?
Because the industry is relatively new, and with cannabis still federally classified as a category 1 substance, at least for the time being, many of the major insurers haven’t been eager to get involved with the cannabis industry. This has created a market to where we have actually seen cannabis business owners paying for policies that have a federal schedule one exclusion. Not with us, we have partnered with “admitted” insurance carriers. That means our partner companies are thoroughly vetted and backed by the Insurance Guarantee Fund.
We hope you feel comfortable with us and choose Smart Risk Insurance, we would be honored. But if you go with someone else, please choose wisely. Look for partners who are committed to the success of our industry and your business. Work with people that belong to cannabis trade organizations, which demonstrate a commitment to the overall good of the industry. We belong to the National Cannabis Industry Association or NCIA and we are proud to be listed in several industry magazines.
How much does Cannabis Insurance Cost?
The cost of cannabis insurance can vary based on a number of different variables. The location of the business, the revenue, and other operational factors. Part of what we do when we help our clients is dig a bit deeper into the business processes so we know exactly what type of coverage you need (and don’t need).
Insuring an Emerging Market
The growth of the cannabis industry over the past 5 years has been incredible, and we see that trend continuing as more and more states adopt some form or legalization. This kind of growth is the draw to emerging markets, and the reason it is important to work with a professional who can quickly identify and analyze new risks, recommending appropriate levels of coverage. Various types of Cannabis businesses we are helping.
- Ancillary Cannabis Businesses
- Cannabis Infused Product Manufacturers
- Marijuana Dispensaries
- Marijuana Events
- Marijuana Growers
- Marijuana Landlords
- Medical Marijuana Physicians
- Hemp Insurance and Cannabidiol (CBD Insurance)
What to do next?
To get the cannabis insurance process started, head over to our quotes page where you can give us some information on your business and we will start the process from there.