Lessor's Risk Only

Offered by Blitz Insurance

Marijuana Cannabis Distribution Risks Lessor's Risk Only Marijuana Growers

Description

This coverage is tailored to protect property owners who lease space to cannabis dispensaries, cultivators, and more. 

Our coverage options include protection for property damage, liability, and loss of rental income, among other benefits. 

LRO is currently available for cannabis exposures only, including multi-tenant locations that include at least one cannabis tenant.

Specifics include:

  • Coverage for up to 30,000 square feet
  • $5 million total insurable value
  • Business Income/Extra Expense up to 100% of rents, $500k maximum
  • Coverage for Cannabis use and Mixed Cannabis/Other occupancies available
  • Owner-occupants are excluded
  • Coverage is not available for exposures including Bars, Restaurants, Garages, Residential Exposures, Gyms, among others.

At this time we only consider LRO if there is a cannabis exposure present. If there is not, we cannot offer terms. 

Details

Has Pen

Appointment Required

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Carrier Information

AM Specialty

Non-Admitted

Rating A- Excellent VII

Rating By AM Best

Offered By

Blitz Insurance

4 listings in 42 states

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Availability 42 states

Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming

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