Medical and Recreational Marijuana Insurance in Colorado

February 2, 2016

By Rick Cline
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Are you a cultivator, dispensary, laboratory, extraction facility or any other Cannabis related industry?  If so, you may have noticed it is very difficult to find insurance. Here at All Access Insurance and Cannabis Insurance Solutions, we have developed programs that specifically insure the Cannabis market.  I am excited to announce our newest wholesaler Western Pacific Insurance and their Marijuana Insurance Program.  Below are some Key Program Details.

  1.  PRODUCT LIABILITY
  2. PREMESIS LIABILITY
  3. PROPERTY
  4. CROP INSURANCE
  5. RECALL INSURANCE
  6. PROFESSIONAL LIABILITY
  7. EQUIPMENT BREAKDOWN
  8. LOSS OF BUSINESS INCOME
  9. COMMERCIAL AUTO
  10. TRANSPORTATION OF FINISHED PRODUCT AND CASH
  11. TAX BONDS

These coverage's are allowing our agency the ability to encompass all phases of insurance needs for your marijuana business.  Western Pacific and Hudson Insurance have developed these key coverages in an attempt to gain market share in the Cannabis Arena.  Here are the highlights Western Pacific Insurance and Virtus Underwriting Group have teamed up with one of our binding facilities to now offer premises liability and property coverage for medical and recreational marijuana dispensaries and growing facilities. Medical marijuana is legalized or effectively decriminalized in 23 states and the District of Columbia. Some of the Western states include Arizona, California, Colorado, Montana, Nevada, New Mexico, Oregon and Washington

  • A" Rated carrier with A.M. Best
  • Coverage is only available in states that have legalized the sale of recreational or medical marijuana and growing facilities.
  • General Liability and Property coverage available.
  • $1,000 GL MP per classification and $1,000 Property MP applies.
  • $1,000 MP claims made products coverage. Occurrence basis available.
  • Premises/Ongoing Operations Liability will be provided on an occurrence basis at maximum limits of 1M occurrence/2M aggregate.
  • The total allowable limit for business income coverage may not exceed 50% of the total insured value.
  • Theft Sublimit of $25K for non-perishable/$5K for perishable BPP.

Loss prevention programs are also implemented with our products.  We can show you how to grow your business knowing that you have the confidence and security of a brokerage and insurance company for the little "unknowns" Call us today for a quote or visit www.cannabisinsurancesolutions.com Rick Cline