Cannabis Industry Program
Offered by Breckenridge Insurance
Cannabis Wholesale Distributors Dispensaries Medical Marijuana Cannabis Grow OperationsDescription
Specific solutions for a complex industry.Â
Now offering product liability in select states. With the ever-changing rules and regulations around cannabis, you need an insurance partner who can help you navigate the risks in this dynamic industry. Breckenridge Insurance can tailor a coverage solution that fits a range of businesses serving this space, including those who sell, grow, manufacture or process products containing greater than 0.3% THC. With an AM Best A+ Rated carrier and the sound approach of experienced underwriting professionals, let us help you access fitting protection for this emerging industry. For cannabis dispensary-related quotes, click here.
Classes:
- Retailers/dispensaries with or without on-premises consumption
- Cultivators/growers
- Processors/manufacturers
- Wholesalers/distributors
- Medicinal
- Recreational
- Cannabis paraphernalia and related products
- Excluded Classes:Â
- Temporary events
- Testing labs (considered for professional liability)
- Social clubs
Coverages:
- Maximum limits of $5M/$5M/$5M
- Maximum per location general aggregate limit of $5M
- Minimum premium of $5,000
- Minimum deductible of $2,500
- Coverage for electronic vapes
- Budtender Professional Liability
- Hired non-owned auto coverage available
- Full CGL
- Claims-made
- Property and Inland Marine
- Workers’ Comp coverage available in certain states
- Product Liability available in the following states – AZ, AK, OR, WA, CO, OK, NV, NM, MD AR, AK, MO, PA, MI & MT
- Cannabis Property Coverage – Provides coverage for cannabis stock, including a valuation clause for plants based on the different development stages of a plant. We allow for limited growing operations as part of the dispensary, subject to state regulations and license requirements
- Cannabis Liability Coverage – Proprietary coverage form addressing cannabis liability exposures, exclusions, warranties etc. Coverage follows the occurrence limit of the policy
- Products Completed Operations can be Occurrence or Claims-made
Features:
- AM Best A+ Rated carrier
- Industry knowledge
- Responsive team
- Reliable claims handling
Submission Criteria:
- Completed application
- Loss runs 2 years
- For added coverage options, additional forms may apply
- Startups are eligible with certain considerations
Program is available in all states where legal.
Listing Contact
Breckenridge Insurance
Offered By
Downloadable Files
Availability 50 states + DC
Covered
Not Covered
