Cannasure Insurance Services is the premier, full-service wholesale broker and MGA created exclusively to serve the cannabis and hemp industry. With over 15 years of experience, Cannasure has been a trusted partner of both agents & brokers and our reinsurance team, providing Underwriting expertise, in-depth risk assessments, exceptional customer service and thought leadership. We strive to stay ahead of market trends, ensuring that our clients receive the most comprehensive and cutting-edge insurance solutions available.
The available coverages of this program include:
Property
- Equipment Breakdown Coverage with a $250,000 spoilage sublimit
- Plenty of optional coverages including Expanded Property Enhancements, Property in Transit, Sewer and Drain, Ordinance or Law
- Agreed Value for properly insured buildings
- Our “Campus Blanket” option allows property to move around at multiple building locations
- New common sense wind/hail named storm deductible options
General Liability
- Premises Liability
- Assault and Battery Coverage
- Cyber Liability Sublimit
- Higher Fire Legal limits
Products and Completed Operations
- Retro Date options with proper documentation
- Options include Product Withdrawal Expense Coverage
- “Budtender” Professional Liability coverage
- Meaningful pesticide and fertilizer coverages built in
- Additional Insured – Vendors Form when required by contract
NEW: Excess Property
- Prefer to match underlying limit ($10M xs $10M; $20M xs $20M)
NEW: Excess Liability
- Provides an additional $5M layer of protection
The highlighted features of this exclusive program include:
Program Features:
- Available Nationwide
- Program Carrier is A.M. Best Rated A-VIII
- Flexible underwriting solutions to meet the unique and evolving needs of the cannabis market
Property
- Up to $65M per location property capacity
- Can be written as a package or monoline
- Named Storm Coverage Sublimit available in previously excluded coastal counties
General Liability
- Up to $5M/$5M General Liability
- Standard ISO Occurrence form with no deductible and defense outside the limits
- Numerous Additional Insured forms available with Waiver and PNC as well
- Generous Program flexibility options include policy extensions, short or long term policy periods as the needs arise, as well as monoline
Products and Completed Operations
- Products and Completed Operations up to $5M/$5M
- Standard Claims Made ISO form with $2,500 base deductible and defense within limits
- Deductibles up to $100,000
Excess Liability
- Up to $5M xs $5M Excess Liability
- Applies to premises, products or both
- Requires Cannasure MGA underlying coverages
The target classes and typical risks we focus on for this program are:
- Dispensaries
- Cultivators
- Processors/ Manufacturers
- Ancillary Businesses
- Landlords/ LROs
- Testing Laboratories
The submission requierments of this exclusive program include:
- Cannabis and Hemp Package Application
- Loss Runs
- Lighting Supplemental Application (For cultivation only)
Appointed Agents can visit our forms and applications page to access all required documents and submit completed forms.