Cannabis Essentials
For Agents Placing Cannabis Risks
Dedicated Cannabis Underwriting | A Rated Program Carrier | Admitted and E&S Options
Built for small to mid-sized licensed cannabis operators.
Backed by an exclusive A-rated program carrier and supported by a dedicated cannabis underwriting team.
- Available Nationwide (excluding FL)
- Admitted and E&S options (state specific)
- New ventures considered
- Michigan attestation forms available
Core Coverage Structure
Liability
- General Liability
- Product Liability (Claims Made)
- Marijuana / Premises Liability
Property
- Buildings
- Crop & Stock
- Goods in Process
- Business Personal Property
- Improvements & Betterments
- Business Income
- Equipment Breakdown
- Property Enhancement Endorsement (20+ coverage extensions)
Commercial Auto
- Hired & Non-Owned Auto
Lessors Risk Only
Available when tenant coverage is placed with Conifer.
Optional Add-On Products
- Cyber Liability
- Surety Bonds
Coverage, carrier, and availability vary by state.
Target Classes
Conifer focuses on defined cannabis classes where underwriting experience and program structure matter.
As legalization expands, agents are seeing more cannabis opportunities — but not every insurance provider understands the operational, regulatory, and product liability exposure tied to these risks.
Our cannabis programs are built specifically for licensed operators across the supply chain, giving you a market that:
- Understands state compliance requirements
- Evaluates security and operational controls
- Addresses product liability exposure
- Supports property and inventory concentration risks
We target the following licensed cannabis operations:
Insuring Cannabis Dispensaries
Dispensaries present a mix of retail liability, product exposure, high-value inventory, and strict regulatory oversight. Placing these risks requires a market built specifically for cannabis operations — not a standard retail form adapted after the fact.
Conifer’s cannabis programs are designed for dispensaries and supported by a dedicated underwriting team that understands compliance, security controls, and operational nuance.
Tailored Coverage For Cannabis Dispensaries
Cannabis dispensaries require coordinated coverage across liability and property lines. Core protections typically include:
General Liability Insurance: Addresses premises exposure, customer injury, and third-party claims arising from daily retail operations.
Product Liability Insurance (Claims Made): Protects against claims tied to cannabis and THC-infused products sold.
Property Insurance: Covers buildings, stock, business personal property, harvested material, and business income resulting from covered loss.
Equipment Breakdown: Protection for critical systems that support day-to-day retail operations.
Dispensaries may be written under Cannabis Essentials for small to mid-sized operators or Cannabis Select for larger and multi-state retail accounts.
Insuring Cannabis Product Manufacturers
Cannabis product manufacturers face complex operational exposure tied to extraction, infusion, packaging, labeling, storage, and regulatory compliance. Product movement, quality control, and inventory concentration require a carrier that understands cannabis production environments.
Conifer’s cannabis programs are designed specifically for manufacturers and supported by a dedicated underwriting team focused on cannabis risk.
Tailored Coverage For Cannabis Product Manufacturers
Manufacturing risks require coordinated liability and property protection. Core coverages typically include:
General Liability Insurance: Addresses premises exposure, vendor requirements, and third-party claims tied to operations.
Product Liability Insurance (Claims Made): Protects against claims arising from manufactured, processed, or infused cannabis products.
Property Insurance: Covers buildings, business personal property, finished stock, harvested material, goods in process, and business income following covered loss.
Equipment Breakdown: Protection for production-critical systems and machinery.
Cannabis product manufacturers may be written under Cannabis Essentials for small to mid-sized operators or Cannabis Select for larger or multi-state operations.
Insuring Cannabis Labs & Safety Compliance
Cannabis testing laboratories operate in a regulated environment where accuracy, documentation, and process control matter. These risks involve professional services exposure, controlled substances handling, specialized equipment, and strict state oversight.
Placing lab risks requires underwriters who understand compliance-driven operations and contractual requirements tied to growers, manufacturers, and retailers. Conifer’s cannabis programs are structured to support testing and safety compliance businesses with dedicated cannabis underwriting.
Coverage Designed for Cannabis Testing Laboratories
Testing and compliance operations require coordinated liability and property protection. Core coverages typically include:
General Liability Insurance: Addresses premises exposure, third-party injury, and operational liability.
Professional / Errors & Omissions Exposure (where applicable): Protects against claims tied to testing accuracy, reporting, and compliance services.
Product Liability Insurance (Claims Made): Applies where lab activities create downstream product-related exposure.
Property Insurance: Covers buildings, business personal property, lab equipment, and business income following covered loss.
Equipment Breakdown: Protection for specialized testing and analytical systems critical to daily operations.
Cannabis testing labs may be written under Cannabis Essentials or Cannabis Select depending on structure and scale.
Insuring Cannabis Extraction Companies
Cannabis extraction operations involve concentrated processing methods, specialized equipment, and heightened fire and explosion exposure. Solvent-based and mechanical extraction processes require careful underwriting review of controls, ventilation, storage, and safety protocols.
Placing extraction risks demands a market that understands production methods and regulatory oversight. Conifer’s cannabis programs are structured to support extraction businesses with dedicated cannabis underwriting.
Coverage Designed for Cannabis Extraction
Extraction facilities require coordinated liability and property protection. Core coverages typically include:
General Liability Insurance: Addresses premises exposure and third-party operational claims.
Product Liability Insurance (Claims Made): Protects against claims arising from extracted or concentrated cannabis products.
Property Insurance: Covers buildings, business personal property, finished stock, goods in process, and business income due to covered loss.
Equipment Breakdown: Protection for extraction systems and production-critical machinery.
Cannabis extraction risks may be written under Cannabis Essentials or Cannabis Select depending on operational scale and structure.
Insuring Cannabis Microbusiness Companies
Cannabis microbusinesses operate under a single license that may include cultivation, processing, and retail activity. This vertical structure creates layered exposure across production, product liability, premises operations, and inventory concentration.
Placing these risks requires underwriting that evaluates the full operational footprint — not just one segment of the business. Conifer’s cannabis programs are structured to support integrated cannabis operations with dedicated cannabis underwriting.
Insuring Cannabis Microbusiness
Microbusinesses require coordinated protection across multiple operational segments. Core coverages typically include:
General Liability Insurance: Addresses premises exposure and third-party claims tied to retail and operational activity.
Product Liability Insurance (Claims Made): Protects against claims arising from manufactured or sold cannabis products.
Property Insurance: Covers buildings, business personal property, stock, harvested material, goods in process, and business income due to covered loss.
Equipment Breakdown: Protection for cultivation and processing systems critical to daily operations.
Optional Enhancements: Cyber liability and other endorsements may be available based on operational profile.
Cannabis microbusiness risks may be written under Cannabis Essentials or Cannabis Select depending on size, structure, and complexity.
Insuring Cannabis Transportation Companies
Cannabis transporters move high-value product between cultivators, manufacturers, and dispensaries under strict state regulations. These operations carry cargo exposure, chain-of-custody requirements, employee handling risk, and security controls that demand careful underwriting review.
Placing transportation risks requires a market that understands controlled product movement and compliance oversight. Conifer’s cannabis programs are structured to support licensed cannabis transport companies with dedicated cannabis underwriting.
Coverage Designed for Cannabis Transporters
Cannabis transportation operations require coordinated liability and property protection. Core coverages typically include:
General Liability Insurance: Addresses premises and third-party operational exposure.
Product Liability Insurance (Claims Made): Applies where handling or distribution activity creates downstream product-related claims.
Property Insurance: Covers buildings, business personal property, and business income following covered loss.
In-Transit or Stock Coverage (where applicable): Protection for cannabis product while being transported, subject to underwriting review.
Cannabis transportation risks may be written under Cannabis Essentials or Cannabis Select depending on structure and operational scale.
Insuring Cannabis Processors
Cannabis processors convert harvested plant material into finished goods ready for distribution. Drying, trimming, packaging, labeling, and storage introduce product liability, quality control, and inventory concentration exposure.
Placing processor risks requires underwriting that understands production flow, handling procedures, and regulatory controls. Conifer’s cannabis programs are structured to support licensed cannabis processors with dedicated cannabis underwriting.
Coverage Designed for Cannabis Processors
Processing operations require coordinated liability and property protection. Core coverages typically include:
General Liability Insurance: Addresses premises exposure and third-party operational claims.
Product Liability Insurance (Claims Made): Protects against claims arising from processed, packaged, or labeled cannabis products.
Property Insurance: Covers buildings, business personal property, finished stock, goods in process, harvested material, and business income due to covered loss.
Equipment Breakdown: Protection for processing systems and production-critical machinery.
Cannabis processor risks may be written under Cannabis Essentials or Cannabis Select depending on size, structure, and operational complexity.
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
Frequently Asked Questions for Cannabis/CBD Insurance
Conifer’s cannabis insurance program is underwritten by a carrier with an A.M. Best Rating of A (Excellent). This rating reflects the carrier’s strong financial stability and ability to meet ongoing insurance obligations, providing clients with confidence in the reliability of their coverage.
In Michigan, Conifer’s cannabis insurance program operates on an admitted basis, meaning it is licensed and regulated by the state’s insurance department. In other states, the program functions as an Excess & Surplus (E&S) lines insurer, offering flexibility to cover unique or higher-risk exposures not typically handled by admitted carriers.
Note: The program is not currently available in Florida.
Business Owners:
To obtain a signed and notarized attestation J or 2-D form, contact your insurance agent. They will coordinate with a member of our underwriting team to fulfill your request.
Agents/Brokers:
Please reach out to a member of our underwriting team. These forms must be signed by a carrier representative.
Currently, Conifer Insurance Services offers coverage exclusively for cannabis plants cultivated indoors. This focus is due to the increased risks associated with outdoor cultivation, such as weather-related damage, pests, and theft. Indoor cultivation allows for controlled environments, reducing these risks and enabling more precise insurance assessments.
Yes, Conifer provides LRO coverage, which protects property owners leasing space to cannabis businesses. However, this coverage is contingent upon Conifer also insuring the licensed tenant operating within the leased premises. This integrated approach ensures comprehensive protection for both property owners and tenants.
Work closely with an experienced insurance agent or broker who understands the cannabis industry. Discuss your specific operations, location, and potential risks to tailor a policy that provides comprehensive coverage for your business’s unique needs. If you need help finding an experienced insurance agent or broker, please contact us!
Cannabis businesses face distinct risks not typically covered by standard insurance policies. These include regulatory compliance challenges, product liability concerns, crop damage, theft, and business interruption. Specialized insurance addresses these unique exposures, safeguarding the business against industry-specific risks.
All entities within the cannabis supply chain require specialized insurance coverage. This includes cultivators, processors, manufacturers, dispensaries, testing laboratories, transporters, and ancillary service providers. Each faces unique risks necessitating tailored insurance solutions to protect their operations and assets.
To remain informed about industry developments:
- Join industry associations, such as the Michigan Cannabis Industry Association, which provide resources and updates.
- Attend industry conferences, seminars, and webinars to gain insights into emerging trends and regulatory changes.
- Subscribe to reputable industry publications and newsletters.
- Engage with professional networks and forums dedicated to cannabis business discussions.
Staying informed enables proactive adaptation to changes, ensuring compliance and strategic positioning within the market.
Insurance is crucial for cannabis businesses to mitigate financial losses arising from various risks, including property damage and liability claims. Given the complex legal landscape and evolving regulations, having appropriate insurance coverage ensures business continuity and financial stability in the face of unforeseen events.
Cannabis businesses can obtain various liability coverages, including:
- General Liability: Protects against claims for bodily injury or property damage.
- Product Liability: Covers legal costs and damages related to issues with cannabis products, such as contamination or labeling errors.
- Professional Liability: Offers protection for businesses providing consultation, advice, or services within the cannabis sector.
- Cyber Liability: Addresses risks related to data breaches, particularly for businesses that handle customer information.
Yes, Conifer Insurance Services provides coverage options for businesses operating in multiple states. Our team understands the complexities of varying state laws and regulations and can tailor policies to ensure compliance and adequate protection across different jurisdictions.
Yes, crop coverage is available for indoor-grown cannabis plants. This protection includes risks such as fire. However, outdoor crops are currently excluded from coverage.
Yes, edibles and other cannabis-infused products are eligible for coverage under Conifer’s cannabis insurance program. Coverage options include product liability insurance, which protects against claims related to these products, such as adverse reactions or labeling disputes.