Located in Colorado, the state of the great green rush, we provide insurance coverage for both the cannabis and hemp business markets. Just as the regulations for this industry are ever evolving and changing so does the insurance marketplace. As carriers pull out of the market and new carriers enter so do policy forms and endorsements. Do you really understand what you are and are not actually covered for? Let us help you understand your cannabis industry policy and determine the right coverage for you.
While marijuana businesses need the same basic coverage as any other business that sells a product or service, they also face a unique set of risks brought on by the nature of their product. In response to this, policies are being developed to address exposures that are not covered by standard policies. We can insure most aspects of your marijuana industry business including:
- Medical & Recreational Dispensaries
- Cultivation Facilities
- Infused Products Mfg.
- Ancillary Businesses – Hydroponic Stores, Testing Labs, Smoke Devices Manufacturers
- CBD Product Manufactures
- Hemp Foods and Hemp Product Manufacturing
Coverages include General Liability including Product Liability, Commercial Property and Indoor Crop Coverage, Finished Stock, *Stock While in Transit, Commercial Auto, Workers Compensation, Directors & Officers and many more.
Although regulation for most states have not mandated insurance coverage it is important for a business to protect the public as well as themselves from unforeseen financial damages.
At Specialty Insurance Partners we understand that there is a need for more markets, competitive pricing, and coverage for both the marijuana and hemp industries. As cannabis industry experts, we work diligently with various companies to educate them about the marijuana industry in hopes of developing new insurance programs.