Comprehensive Insurance for the Cannabis Industry
From Seed to Sale, We Have You Covered
We Specialize in Coverages that Protect:
Growers
Cannabis cultivators/growers may face various risks, such as crop failure, theft, property damage, and liability claims.
Retailers & Dispensaries
Dispensaries/retailers may need insurance coverage for their physical store, inventory, product liability, and general liability claims, such as slip and fall accidents.
Processors
Cannabis manufacturers/processors may require insurance coverage for their product liability, equipment breakdown, property damage, and general liability claims.
Laboratories
Cannabis laboratories require insurance to protect against liability claims, damaged lab equipment or property, cyber liability and workers' compensation claims.
Wholesale Distributors
Wholesale distributors need insurance to protect their inventory, assets, and operations against potential losses, theft, and liability claims.
Transporters & Non-Storefront Delivery
Protect your vehicles, cargo, and liability against potential accidents, theft, and damage.
Ancillary Businesses
Businesses that support the cannabis industry include equipment manufacturers, branding companies, hydroponic stores and more.
Need Insurance for Your Cannabis Business? Simplify and Save with Liberty.
As a cannabis business owner, you may have found that insurance can be tricky. With lengthy application processes, limited options and few brokers that truly understand the cannabis industry, you can easily find yourself paying high rates for even basic coverages.
At Liberty, we have over 8 years of experience in the cannabis industry, meaning we have the expertise and resources you need to manage the unique risks you face. With access to the nation’s best carriers, we can help you find the best coverage at the best rates.
Highlighted Coverages for the Cannabis Industry:
Workers' Compensation
This insurance covers employees who are injured or become ill while working for the cannabis business.
Property
This coverage provides protection against loss or damage to the business's property, including buildings, equipment, inventory, and supplies.
General Liability
This type of insurance covers third-party claims of bodily injury, property damage, and personal injury arising from the cannabis business's operations.
Directors and Officers (D&O)
This coverage protects the business's directors and officers against legal claims that may arise from their decisions or actions related to the business.
Commercial Auto
Auto insurance can also be important for cannabis businesses that have vehicles used for business purposes, such as transporters or delivery services.
Product Liability
This coverage protects cannabis businesses against claims arising from the use of their products, including claims of illness, injury, or other harm caused by the products.
Employment Practices Liability Insurance (EPLI)
This insurance protects the cannabis business against legal claims arising from allegations of discrimination, harassment, wrongful termination, or other employment-related issues brought by current or former employees.
Cyber Liability
Cannabis businesses may be particularly vulnerable to cyber threats due to the sensitive nature of the data they handle. Cyber insurance, also known as cyber liability insurance, is another important coverage for cannabis businesses to consider.
What Coverage Options are Right for You?
At Liberty, our team of experts can help you find the right coverage at the right price for your business.
How Does Insurance for the Cannabis Industry Work?
Review Your Needs
We cover every detail of your operation to make certain that you’re properly covered. This is the easiest way to avoid gaps in your business coverage.
Obtain Quotes From Our Partner Carriers
We have access to every carrier in the industry, allowing us to market your policy for the best price and level of coverage.
Learn About Policy Options
We’ll help you balance price and coverage while reviewing every quote we’ve received. Because we have existing relationships with commercial carriers, we know how to pinpoint the best policy for you.
Get Covered Right Away
We can close the deal quickly, bind coverage, and make sure that your cannabis business is covered.
With diverse clients come diverse needs.
Working with our team at Liberty, you get the chance to:
- Review insurance coverages you should purchase
- Assess liabilities your business faces
- Look into coverages that may not be required given your business model
- Save money on every policy
- Track claims
- Receive claims support from industry experts
Frequently Asked Questions about Insurance for the Cannabis Industry
What types of insurance do I need for my cannabis business?
The types of insurance coverage needed for a cannabis business can vary depending on the size of the business, the specific risks associated with its operations, and the regulatory requirements in its jurisdiction. Common types of insurance include general liability, product liability, property, workers’ compensation, directors and officers (D&O) liability, cyber liability, and business interruption insurance.
Contact Liberty to discuss the options that are right for you.
Are there insurance brokers that specialize in cannabis insurance?
Yes, Liberty specializes in the cannabis industry. With over 8 years of experience, we have a deep understanding of the industry and the unique risks you face.
Contact Liberty to discuss the options that are right for you.
Will my insurance policy cover me in all states where cannabis is legal?
Insurance policies for cannabis businesses may have restrictions based on the specific regulations in each state. It’s important to review the policy carefully to ensure that it provides coverage in all states where the business operates.
Contact Liberty to learn more.
How much does cannabis insurance cost?
The cost of cannabis insurance can vary widely depending on factors such as the type of coverage needed, the size of the business, the level of risk associated with its operations, and the business’s claims history. Working with an experienced insurance broker can help cannabis businesses find affordable coverage that meets their specific needs.
Contact us at Liberty to discuss your insurance needs and receive a personalized quote. We can help you understand your coverage options and find the right policy for your specific needs.
