Click here or call (248) 681-2100 to request a commercial Cannabis Insurance Quote
Operating regulated dispensaries and nurseries for cannabis presents a special set of challenges, risks, and liabilities. Your clients need to be conscious of a range of potential risks from theft, and employee dishonesty to equipment and building damages. Ensuring your clients have the appropriate insurance policy will safeguard them from these threats and unfortunate consequences.
Cannabis Coverage through Burns & Wilcox can help your clients manage the unique risks associated with operating regulated dispensaries and nurseries. The coverage also helps manage risks for building owners and leased facilities. As a leading provider of wholesale insurance, the experienced professionals at Burns & Wilcox can deliver insurance solutions that meet the unique needs of your clients. For more information on Cannabis Coverage, contact the Burns & Wilcox office nearest you.
Coverage is available only for risks located in the District of Columbia and states where cannabis is medically or recreationally legal.
Coverage Details and Features
General Liability
Premises liability (excluding products)
Occurrence form
Assault & Battery Coverage available
Products Liability
Claims made form
Coverage for dispensaries, grow operations, products manufacturers, and others
Available including premises GL, or as standalone products liability only
No restrictions for extracts based on THC concentration intended consumption method or extraction method
Excess Liability
Supported or unsupported
Underlying carriers must be A-rated or better
Commercial Property Insurance
Monoline or packaged with premises GL
Coverage for buildings (incl. greenhouses), equipment, tenant’s improvements, stock, business income, and extra expenses
Equipment breakdown available
Property extension available for broadened coverage
All operations including cannabis extraction using propane or butane
Stock Throughput
$10,000 minimum premium
Coverage for all types of stock in various phases of production, including finished stock, growing plants, equipment, and components
Broad coverage form on All Perils basis including while in transit
Workers Compensation Insurance
Available for dispensaries, grow operations, manufacturing, delivery, and others$5,000 minimum premium
All non-monopolistic states available
Commercial Auto Insurance
Liability & physical damage coverage for operations that transport cannabis products between business locations
Cargo
Property coverage for stock in transit
Available for dispensary/grow facility owners or third party transportation services
Standalone or packaged with on-premises stock coverage