Cannabis coverage that grows and expands with the industry.

74% of Americans now live in a state where recreational or medical marijuana use is legal*, and federally legal hemp products are seeing explosive growth. Cannabis businesses are faced with unique challenges, and dedicated, agile cannabis insurance experts are hard to find.

Trust Amwins Program Underwriters’ cannabis experts to provide industry-specific coverages for property, general liability, products and more. With low minimum premiums, simple application requirements, and efficient turnarounds, we are a one-stop shop insurance solution for your cannabis risks.

*Source: Pew Research Center

Property highlights

Our property coverage is straightforward and streamlined to meet the needs of practical cannabis operators. We are proud to offer simplified inventory and crop coverage, robust coverage for equipment breakdown, and clear, flexible forms. Backed by a reputable “A-" XII rated carrier and “A++” XV reinsurance partner, coverage is available on a monoline basis or packaged with GL and Inland Marine.

Highlights include:

• Up to $15m TIV per location
• No coinsurance on stock or crop
• Three simplified inventory limits – living plants, harvested/in process, and finished stock
• No arbitrary per-plant valuations with separate limits at each stage of growth
• $100k or $250k sublimit for theft of finished stock kept outside safe or vault
• ISO base forms with minimal proprietary endorsements

Eligible accounts

• Consultants
• Cultivation (indoor & outdoor)
• Delivery companies/distribution/transport
• Dispensaries/retail
• Habitational – incidental exposures acceptable
• Hemp/CBD/minor cannabinoids
• Laboratories/testing
• Lessor’s risk
  • Mixed-use acceptable, including non-cannabis tenants and incidental habitational
• Manufacturers (extraction/bakeries/infused products)
• Wholesalers

Coverage

• Property - available monoline or packaged
  • Building and tenants improvements
  • Business personal property
  • Business income/extra expense
  • Cannabis inventory
  • Property enhancement includes employee dishonesty, spoilage, sewer backup, and more
• Equipment breakdown
  • Includes full policy limits for business income as well as building/improvements, equipment & BPP
• General liability
  • Premises liability (occurrence or claims made)
  • Product liability (claims made only)
  • Hired & Non-Owned Auto - incidental exposures only (no delivery)
  • Assault & battery
  • Off-premise coverage extension for trade shows and/or deliveries/distribution
• Inland marine
  • Contractors’ equipment
  • Scheduled property
• Property in transit endorsement
  • Limits up to $50k/$100k available by endorsement to property policy (higher limits available on our separate Cannabis Cargo policy).
  • Coverage not limited to scheduled vehicles/drivers