What calibrated coverage for cannabis looks like for Cultivation.
Cultivators are a critical part of the cannabis industry, providing products for themselves and other enterprises. Even with their hands working the ground, cultivators must obtain and maintain a license issued by a state where cannabis, CBD, or hemp is legal to grow. In the dirt is where it starts, from seed to sale. Check out our Cannabis Cultivation Insurance.
Risk is One Strain You Don't Need
Calibrated coverage means less stress about your Infrastructure, location, harvest cycles and product.
Cultivators face legal liability arising from others using the product (flower). Even if it’s not your brand, you may face a lawsuit should someone get hurt or sick from the use of your product.
Many farmhands or workers operate heavy machinery. Unfortunately, if an employee gets ill or hurt on the job, the cultivator is typically held responsible for medical costs and lost wages.
Cultivators typically use equipment or machinery that is expensive to replace or repair. And this equipment is generally stored inside secure buildings. Without adequate protection, damage to equipment or buildings could add up to out-of-pocket costs.
Each state and municipality has laws about growing, selling, and distributing cannabis products. Complying with federal, state, and local laws is undoubtedly challenging for cannabis cultivators. Unfortunately, these operational challenges can lead to infractions, often resulting in insurance-related claims.
Risk is One Strain You Don't Need
Calibrated coverage means less stress about your Infrastructure, location, harvest cycles and product.
Cultivators face legal liability arising from others using the product (flower). Even if it’s not your brand, you may face a lawsuit should someone get hurt or sick from the use of your product.
Many farmhands or workers operate heavy machinery. Unfortunately, if an employee gets ill or hurt on the job, the cultivator is typically held responsible for medical costs and lost wages.
Cultivators typically use equipment or machinery that is expensive to replace or repair. And this equipment is generally stored inside secure buildings. Without adequate protection, damage to equipment or buildings could add up to out-of-pocket costs.
Each state and municipality has laws about growing, selling, and distributing cannabis products. Complying with federal, state, and local laws is undoubtedly challenging for cannabis cultivators. Unfortunately, these operational challenges can lead to infractions, often resulting in insurance-related claims.
Testimonials
Core Coverage
General Liability
General liability offers broad protection against some of the most fundamental risks cannabis companies face. Known as “slip-and-fall” or “all-risk” insurance, this policy covers personal or property damage and bodily injury occurring on the business premises.
Product Liability
Cannabis companies offering tangible products or services risk third-party lawsuits claiming bodily injury or property damage. Products liability insurance covers defense fees and settlements, even for ungrounded claims. This coverage is particularly critical in the cannabis space as testing and manufacturing aren’t regulated at the federal level.
Property
This policy is first-party coverage that protects the Total Insurable Value (TIV) of your operation’s property, reimbursing cannabis companies for direct property losses.
Crop
Crop coverage is first-party coverage that protects cannabis companies against the loss of a crop due to peril. For example, this policy would respond if lightning struck your crop and set it on fire, destroying it. These policies are specifically written to cover the entire lifespan of a plant, from seed to finished stock.
General Liability
General liability offers broad protection against some of the most fundamental risks cannabis companies face. Known as “slip-and-fall” or “all-risk” insurance, this policy covers personal or property damage and bodily injury occurring on the business premises.
Product Liability
Cannabis companies offering tangible products or services risk third-party lawsuits claiming bodily injury or property damage. Products liability insurance covers defense fees and settlements, even for ungrounded claims. This coverage is particularly critical in the cannabis space as testing and manufacturing aren’t regulated at the federal level.
Property
This policy is first-party coverage that protects the Total Insurable Value (TIV) of your operation’s property, reimbursing cannabis companies for direct property losses.
Crop
Crop coverage is first-party coverage that protects cannabis companies against the loss of a crop due to peril. For example, this policy would respond if lightning struck your crop and set it on fire, destroying it. These policies are specifically written to cover the entire lifespan of a plant, from seed to finished stock.
Cultivation Specific
Coverage
Use our custom built online portal to get quotes fast. We automate clerical tasks that plague the traditional insurance brokerages, giving us more time to be responsive and alert to your company’s needs.
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Growing operations often have heavy machinery on site, so the risk of workplace injury is high.
Crop Coverage
Use our custom built online portal to get quotes fast. We automate clerical tasks that plague the traditional insurance brokerages, giving us more time to be responsive and alert to your company’s needs.
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Workers Compensation
Growing operations often have heavy machinery on site, so the risk of workplace injury is high.
Types of Cultivations & Extraction Companies
That Need Insurance
- Extractors
- Grow Operations
- Laboratories
- Transporters
- Dispensaries
- Professional Services
- Manufacturers
- Distributors
- Brands
- Technology
- Investors
Extractors
Use our custom built online portal to get quotes fast. We automate clerical tasks that plague the traditional.
Grow Operations
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Laboratories
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Transporters
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Dispensaries
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Professional Services
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Manufacturers
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Distributors
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Brands
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Technology
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Investors
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Read Our Guide
Learn about, common risks in the Cannabis space and how to mitigate them, including licensing, compliance, funding and insurance strategy.
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FAQ's
The cost of insurance for Cannabis Cultivators will depend on several things, including the company’s size and development stage. Other factors include:
- Exposures: risks being insured
- Company practices: views on safety, compliance, and risk management
- Program structure: the amount of deductible and willingness for a company to assume more risk
- Claims history: the type and amount of past claims against the company