Cannabis Insurance

Cannabis, Hemp, & Marijuana Insurance

Cannabis insurance risks are some of the most complex the industry has ever grappled with. The sector grows exponentially and countrywide, as does the demand for insurance options.

The core insurance needs in the marijuana industry are the medical/recreational providers, cultivators, laboratories, investment funds, or landlords. This requires specialized insurance that must be reviewed meticulously. Under many circumstances, the coverage clauses can be unrecognizable. Coverages must be negotiated to avoid a critical gap resulting in financial downfall or bankruptcy.

Landlords leasing to cannabis enterprises also must be cautious. Insurance written by the standard marketplace does not cover leased facilities involved or related to the cannabis space. Standard general liability policies and other commercial insurance exclude coverage in the event of even indirect dealings with marijuana.

Among the target classes Fidens represents:

  • Building Owners
  • Dispensaries, Cultivators
  • Laboratories, Pharmaceutical
  • Cannabis-infused product manufacturing and retail
  • Healthcare providers
  • Investment Firms
  • Tech Companies
  • Secondary businesses models that promote legal marijuana use

Fidens cost-effectively tailors coverage solutions that involve:

  • Buildings and contents
  • Business Interruption that covers Inventory covered at the selling price
  • Commercial Auto
  • Crime & Employee Dishonesty
  • Cyber & Employee Dishonesty
  • Directors & Officers Liability
  • Employment Practices Liability Insurance
  • Employee Benefits Liability
  • General Liability
  • Product Liability Insurance
  • Product Recall Expense
  • Reputation Repair Expenses
  • Workers Compensation
  • Umbrella Liability
  • Other coverages unique to the insureds’ particular local and global exposures