Cannabis Select Program
Cannabis Insurance for Large-Scale Operators and MSOs
The Cannabis Select Program provides large-scale operators and MSOs with an extensive selection of robust coverage options and high-limit capacity. The program is available to businesses operating in all legalized states and DC.
Cannabis Select Insurance Program
PROGRAM HIGHLIGHTS
- Exclusive Carrier Market – Houston Specialty Insurance Company, a subsidiary of Skyward Specialty Insurance Group, A.M. Best A-X (Excellent)
- High Property Limits – Up to $25M per location
- Defense Costs Outside the Limits – Providing broader financial protection
- Customizable Theft Coverage – Option to exclude or limit theft exposure
- Named Wind Storm – Tier 1 County Exclusion Only
- Multi-Location Policy – All coverages and states on one policy
LIABILITY
- General Liability (Sq. Footage) – Up to $5M/$5M
- Product Liability (Claims Made) – Up to $5M/$5M
- Product Withdrawal – Up to $1M
- Defense Outside the Limits – $1M (within policy form)
- Personal & Advertising Injury – $1M
- Damage to Premises Rented to You
- Warehouse Legal Liability
- Assault & Battery
PROPERTY
- Property – Up to $25M per location
- Including: Buildings, Finished Stock, Harvested Plant Material, Plant Inventory, Theft, Business Personal Property, In-Transit Coverage, Equipment Breakdown & Business Interruption
- Property Extension Endorsement
- Loss Limits – Up to $25M
ADDITIONAL PRODUCTS*
- Surety Bonds
- Workers Compensation
*Coverage, carrier and availability may vary by state
Ready to have your Cannabis business insured?
Target Classes
The rapidly evolving cannabis industry presents unique opportunities and challenges that require tailored insurance solutions. As legalization expands across various jurisdictions, cannabis businesses—from cultivators and manufacturers to dispensaries and distributors—face complex regulatory landscapes, liability risks, property exposures, and product safety concerns.
Insuring Your Cannabis Transportation
Like any other product manufactured for consumption, transportation is arguably the most vital point within the supply chain process. Just as cannabis production companies rely on teams who specialize in delivering their product when it at its peak lifecycle point, Conifer is uniquely positioned to protect transportation companies with coverages that are designed specifically for cannabis transportation businesses.
Tailored Coverage For Cannabis Dispensaries
There are many different types of insurance for Cannabis Transportation, but some common ones include:
- General Liability Insurance: This covers basic risks like customer injuries, property damage, and lawsuits.
- Product Liability Insurance: This protects you if someone gets sick or injured from your products.
- Property Insurance: This covers your building, crop, inventory, and equipment in case of fire, theft, or other disasters.
Insuring Cannabis Product Manufacturers
As the proliferation of legal avenues to cultivate, process, sell and use cannabis continues to develop across the country, Conifer is ready to help manufacturers stay positioned for success. From hydroponic shoppes and cannabis delivery services to manufacturing businesses and more, having the right coverage in place is critical to safeguarding your cannabis business investment.
Tailored Coverage For Cannabis Product Manufacturers Insurance
There are many different types of insurance for Cannabis Product Manufacturers, but some common ones include:
- General Liability Insurance: This covers basic risks like customer injuries, property damage, and lawsuits.
- Product Liability Insurance: This protects you if someone gets sick or injured from your products.
- Property Insurance: This covers your building, crop, inventory, and equipment in case of fire, theft, or other disasters.
Insuring Cannabis Lab / Safety Compliance
Cannabis testing laboratories carry potential exposures and liabilities that are unique from other businesses that dot the cannabis supply chain. These businesses face a set of strict compliance laws,regulations and increased potential for injuries within their facilities. This makes it vital that cannabis testing labs invest in the proper insurance policies that ensure their employees and assets are protected and to avoid financial losses from activities relating to cannabis testing labor.
Tailored Coverage For Cannabis Lab / Safety Compliance Insurance
There are many different types of insurance for Cannabis Lab / Safety Compliance, but some common ones include:
- General Liability Insurance: This covers basic risks like customer injuries, property damage, and lawsuits.
- Product Liability Insurance: This protects you if someone gets sick or injured from your products.
- Property Insurance: This covers your building, crop, inventory, and equipment in case of fire, theft, or other disasters.
Insuring Cannabis Extraction Companies
Just as businesses in the cannabis extraction industry work within a delicate set of methods, it’s important to have protection in place that is just as specialized. Our customized cannabis insurance coverages provide solutions tailored to fit the unique vulnerable elements of the processes and risks that businesses within the extraction industry operate within.
Tailored Coverage For Cannabis Extraction Companies Insurance
There are many different types of insurance for cannabis extraction, but some common ones include:
- General Liability Insurance: This covers basic risks like customer injuries, property damage, and lawsuits.
- Product Liability Insurance: This protects you if someone gets sick or injured from your products.
- Property Insurance: This covers your building, crop, inventory, and equipment in case of fire, theft, or other disasters.
Insuring Cannabis Microbusiness Companies
Cannabis microbusinesses are unique entities within the cannabis industry, often combining cultivation, processing, and retail operations under a single license. This integrated approach presents distinct challenges and risks, necessitating specialized insurance coverage to safeguard against potential liabilities.
Understanding Cannabis Microbusiness Insurance
Cannabis microbusiness insurance is a tailored suite of policies designed to address the specific needs of small-scale, vertically integrated cannabis operations. These businesses face unique exposures due to their multifaceted roles, making comprehensive insurance coverage essential.
Key Insurance Coverages for Cannabis Microbusinesses
General Liability Insurance: Protects against common risks such as customer injuries, property damage, and lawsuits arising from daily operations.
Product Liability Insurance: Covers claims related to adverse effects from cannabis products, including illnesses or injuries alleged to result from product consumption.
Property Insurance: Safeguards physical assets, including buildings, equipment, and inventory, against perils like fire, theft, or natural disasters.
Crop Insurance: Specifically designed for cannabis cultivators, this coverage protects against losses due to a numbered of named perils.
Workers’ Compensation Insurance: Mandatory in most states for businesses with employees, it covers medical expenses and lost wages for workers injured on the job.
Cyber Liability Insurance: Addresses risks associated with data breaches or cyberattacks, which can be particularly pertinent given the sensitive customer information handled by cannabis businesses.
Why Specialized Insurance is Crucial
The cannabis industry operates under a complex regulatory framework, with each state imposing specific insurance requirements. For instance, in Michigan, cannabis retailers and microbusinesses licensed on or after October 11, 2021, must obtain and submit proof of marijuana liability insurance to the Cannabis Regulatory Agency within 60 days of licensure and at renewal. (Michigan.gov)
Additionally, the inherent risks associated with cannabis products, such as potential health effects and the high value of inventory, make specialized insurance indispensable. Traditional insurance policies often exclude cannabis-related operations, necessitating coverage from providers experienced in the cannabis sector.
Choosing the Right Insurance Provider
When selecting an insurance provider for your cannabis microbusiness, consider the following:
- Industry Expertise: Work with insurers who have a deep understanding of the cannabis industry and its unique risks.
- Comprehensive Coverage: Ensure the policy addresses all aspects of your operations, from cultivation to retail.
- Regulatory Compliance: Verify that the insurance meets all state-specific requirements for cannabis businesses.
- Financial Stability: Choose insurers with strong financial ratings to ensure they can cover potential claims.
Operating a cannabis microbusiness involves navigating a landscape filled with unique risks and regulatory requirements. Securing specialized insurance coverage is not only a legal obligation in many jurisdictions but also a prudent strategy to protect your business from unforeseen events. By partnering with an experienced insurance provider, you can ensure comprehensive protection, allowing you to focus on growing your business with confidence.
Insuring Cannabis Extraction Companies
Just as businesses in the cannabis extraction industry work within a delicate set of methods, it’s important to have protection in place that is just as specialized. Our customized cannabis insurance coverages provide solutions tailored to fit the unique vulnerable elements of the processes and risks that businesses within the extraction industry operate within.
Tailored Coverage For Cannabis Extraction Companies Insurance
There are many different types of insurance for cannabis extraction, but some common ones include:
- General Liability Insurance: This covers basic risks like customer injuries, property damage, and lawsuits.
- Product Liability Insurance: This protects you if someone gets sick or injured from your products.
- Property Insurance: This covers your building, crop, inventory, and equipment in case of fire, theft, or other disasters.
Insuring Cannabis Processors
Cannabis processing businesses are essential parts within the cannabis supply chain. Once the plan is dried, these professionals handle cannabis plants, turning fully harvested goods into a product that is ready for delivery. Just as this stage of the process takes a knack to reach an apex of quality, it deserves insurance coverages that are uniquely suited for protection.
Tailored Coverage For Cannabis Processors Insurance
There are many different types of insurance for Cannabis Processors, but some common ones include:
- General Liability Insurance: This covers basic risks like customer injuries, property damage, and lawsuits.
- Product Liability Insurance: This protects you if someone gets sick or injured from your products.
- Property Insurance: This covers your building, crop, inventory, and equipment in case of fire, theft, or other disasters.
Submissions & Downloads
SUBMISSION REQUIREMENTS
- Cannabis Application, Acords or Competitor Applications
- Loss Runs
Completed applications and loss runs can be sent to CommercialLines@ConiferInsurance.com
MARKETING
Association Partners
The MICIA is the leading voice for Michigan’s legal cannabis businesses. The MICIA advocates for responsible and successful medical and adult use cannabis industry by promoting sensible laws and regulations and industry best practices among members.
Frequently Asked Questions for Cannabis Select Insurance
Our Cannabis Select Program is designed to provide specialized insurance coverage for large and multi-state cannabis businesses, including cultivators, manufacturers, retailers, and other plant touching licensees.
Our program is available in states with a legal recreational or medicinal market.
Yes, our policies can include theft coverage, subject to underwriting guidelines and security requirements.
Yes, we provide business interruption insurance as part of our property coverage, which can help protect revenue in the event of a covered loss.
Agency partners can submit applications via email to CannabisSelect@ConiferInsurance.com.
Contact us at Marketing@ConiferInsurance.com or request a meeting through our website to discuss how we can support your cannabis clients.
Ready to Help
Conifer Insurance partners with independent agents to provide specialized coverage for niche markets, offering personalized support and underwriting expertise. If you’re interested in becoming an agent or need a customized insurance quote, Conifer makes the process simple and efficient—delivering tailored solutions to fit your unique needs.