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Cannabis Insurance

The Cannabis Regulatory Agency (CRA) established many rules and regulations around the cannabis industry including requirements for liability insurance for cannabis businesses including provisioning centers, growers, processors...etc.

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Cannabis Insurance Packages

Cranbrook Agency offers multiple insurance packages to fit your cannabis business insurance needs and requirements. 

Below are the different packages we currently offer.

1  —

Transportation Liability

  • Auto

    • PrivatePassenger,Fleets,Light/HeavyTrucks, Trailers, Mobile Equipment

    • Liability (up to $2M/$2M) & Physical Damage Coverage

    • Hired & Non-Owned Auto (Including Cash)

  • Motor Truck Cargo

    • $500,000 per conveyance limit, per vehicle, for cash, securities and cargo

    • ISO Forms

    • Premium typically fall in the range of $5,000 to $7,500

2  —

Management Liability

  • Private Company D&O and EPL

  • Custom forms designed specifically for the

  • Cannabis, CBD & hemp industries

  • Coverage for Sides A, B & C

  • All classes with assets sizes up to $500M

  • Stand alone D&.O or combined with EPL

  • Up to $5M limits

3 —

Product Liability

Property/Crop

  • ISO Property Forms

  • Up to $25M Property Limits Per Location (Combined Property & Crop TIV)

  • Property Endorsements - Including Transit/Cargo

  • Warehouseman's Legal Liability (ccc)- $1M Limit
     

General Liability

  • Occurrence Form

  • Up to $2M / $2M Occurrence/Aggregate

  • Wavier, Primary and Non-Contributory

    Endorsements
     

Excess Liability

  • Occurrence Form (Following Form GL only)

  • Up to $4M limits

What is Cannabis Insurance?

Similar to other insurance services, Cannabis Insurance protects cannabis businesses from liabilities involving their establishments, workers, transportation, and products.

Target Cannabis Business Classes

  • Cultivators

  • Processors/Harvesters

  • Manufacturers

  • WholesaleDistributors

  • Transporters

  • Dispensaries/Provisioning Centers

  • Retailers

  • Laboratories

  • Ancilary Businesses

  • Non-Storefront Delivery

  • Lessor’s Risk(LRO)/Building

  • Owner

© 2023 by Cranbrook Agency.

Created by Isepio

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