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Securing marijuana business insurance for your cannabis operation shouldn’t be an arduous task. There are many hurdles and concerns with getting your business set up and dealing with the complexities of insurance can be overwhelming if you’re not familiar with the insurance ecosystem. Researching and comparing cannabis insurance options are limited to just a few insurance carriers. Why so few? … Read More

The cost of marijuana business insurance is one of the more common questions I get from canna businesses. It seems like a very simple question to answer however due to the marketplace being so new and each business having unique characteristics it’s impossible to provide ballpark estimates. Insurance for canna businesses are issued as 2 separate insurance policies, one policy … Read More

Despite the fact that insurance coverage is available for marijuana related businesses as is the case with most commercial insurance policies all marijuana business insurance policies contain both liability and property exclusions. Even though insurance is designed to cover a broad range of losses, exclusions exist because part of the insurance arrangement requires that businesses take a responsibility to prevent claims as … Read More

With any Marijuana Business Insurance program, or any commercial insurance program for that matter, a lesson can be learned from the unfortunate fire of Seattle’s first legal marijuana farm, Sea of Green Farms. The lesson to be learned is always apply the ‘Golden Rules of Risk Management’ which are: Don’t risk more than you can afford to lose. This is … Read More