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Why Cannabis Businesses Need Property Insurance

The cannabis industry faces unique challenges when it comes to protecting property. From federal and state compliance hurdles to high-risk operations, property insurance is essential for:

  • Safeguarding buildings and equipment from damage or theft.
  • Protecting high-value inventory like crops, products, and packaging.
  • Covering losses from business interruptions due to disasters or accidents.
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Comprehensive Property Coverage for Every Cannabis Business

Our policies are designed to address the unique risks of cannabis operations, including

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Building and Contents Protection

  • Covers damage from fire, storms, vandalism, and theft.
  • Includes coverage for greenhouses, warehouses, and retail spaces.
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Crop Insurance

  • Safeguards your plants against losses from fire, theft, or extreme weather.
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Equipment and Machinery Coverage

  • Protects essential tools like HVAC systems, cultivation equipment, and packaging machinery.
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Business Interruption Insurance

  • Reimburses lost income and ongoing expenses during downtime caused by covered events.
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Crime Coverage

  • Includes protection against employee dishonesty, internal theft, and burglary.
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Transit Coverage (Inland Marine)

  • Protects cannabis products in transit, ensuring coverage beyond your property boundaries.

Why Choose Us?

We specialize in providing cannabis businesses with the most comprehensive property insurance solutions available. Here's why clients trust us:

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    Expertise in Cannabis Risks

    We understand the unique challenges of the industry, from cultivation to retail.

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    Access to Top Carriers

    We partner with leading insurers to offer competitive rates and broad coverage.

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    Tailored Policies

    Whether you’re a dispensary, manufacturer, or distributor, we customize policies to fit your needs.

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    Compliance Support

    Navigate federal and state regulations with confidence.

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How Premiums Are Calculated

Property insurance premiums for cannabis businesses depend on:

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Property Type and Usage

Retail, cultivation, manufacturing, or distribution.

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Valuation of Assets

Properly assess the value of your building, equipment, and inventory.

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Location Risks

Geographic factors like fire, flood, and crime rates

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Safety Measures

Installing fire sprinklers, alarms, and vaults can reduce premiums.

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Industries We Serve

We provide property insurance for all sectors of the cannabis industry, including:

  • Dispensaries
  • Laboratories
  • Cultivation Facilities
  • Distribution and Transportation Companies
  • Manufacturers and Processors
  • Cannabis Property Owners and Landlords

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Additional Insurance Options

Strengthen your risk management plan with these complementary policies:

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General Liability Insurance

Covers damage from fire, storms, vandalism, and theft.

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Product Liability Insurance

Protects against claims related to cannabis products.

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Workers’ Compensation Insurance

Provides for employee injuries and illnesses.

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Surety Bonds

Ensures compliance with licensing and contractual obligations.

Ready to Protect Your Cannabis Business?

Don’t let unexpected events derail your operation. Secure the property insurance you need to protect your investments and grow with confidence.

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