Cannasure is a Leader with Extensive Insurance Products

Cannasure Insurance Services has specialized in cannabis business insurance since 2010.   Gain direct access to Cannasure’s variety of cannabis insurance products.  They have been a leader in the industry by offering a wide variety of products that many other underwriting groups have been unable to access.

Cannabis Commercial Property Insurance:

• Business Income: + Actual Loss Sustained + Monthly limitation options 1/6, 1/4, 1/3.   Income to your business after a property loss.  Provides valuable income to your cannabis business after a property loss.  Example of monthly limitation.  If net profit, plus operating and payroll expense is $1,200,000 per year, then 1/6 is $600,000 or $100,000 per month.
• Equipment Breakdown Coverage.  Specific insurance for equipment  experiencing a covered loss.
• Living Plant Material, Goods in Process and Completed Stock Options:  Coverage for the growing cannabis plant, cannabis products during their processing stage, and cannabis stock such as flower, bud, joints, edibles, concentrates, etc….
• Options include Expanded Property, Transit, Sewer and Drain, Ordinance or Law.
• Pesticide/Fertilizer coverages built into form
• Up to $55M per location property capacity.  Means Cannasure has the ability to insure locations with substantial amount of business property such as buildings, equipment, etc….
• Standard ISO based forms and Special Cause of Loss for Building, BPP, TI&B.  This means Cannasure is using standardized insurance policy forms.
• Can be written as a package or monoline.

Cannabis General Liability Insurance

• Premises Liability
• Assault and Battery Coverage (Buyback)
• “Nose” Coverage Available.
• Additional Rating Basis Options.
• Up to $6M/$6M General Liability.
• Standard ISO Occurrence form with no deductible and defense outside limits.
• Numerous Additional Insured forms available with Waiver and PNC.
• Can be written as a package or monoline.

Products and Completed Operations  or  Cannabis Product Liability Insurance

• Product Recall
• Retro Date options with proper documentation
• Meaningful pesticide and fertilizer coverages built in
• Options include $250,000 Product Withdrawal Expense Coverage and a $50,000 Professional Liability Sublimit
• Additional Insured – Vendors Form when required by contract
• Products and Completed Operations up to $5M/$5M
• Standard Claims Made ISO form with $2,500 base deductible and defense within
• Deductibles up to $100,000

Cannabis Excess Property Insurance 

• Prefer to match underlying limit ($10M xs $10M; $20M xs $20M)
• Excess Property up to $20M Per Location
• Will sit over any “A” rated Property carrier