Risk Overview
This placement involved a vertically integrated cannabis operator controlling cultivation, manufacturing, distribution, and retail operations within a single state. The organization manages the product lifecycle from seed to sale, creating layered operational risk across property, product liability, and retail environments.
The wholesale partner and their agent required coordinated coverage that addressed multi-location aggregation and significant property values under a unified structure.
Exposure Profile
- Indoor grow facilities with high building and equipment values
- Processing and extraction operations
- Branded product manufacturing
- Statewide distribution exposure
- Company-owned dispensaries
- Significant crop and finished stock values
- Equipment breakdown exposure
- Cash handling and security controls
The risk presented high property values and complex operational exposures due to integrated operations.
Coverage Structure
Placed under the Cannabis Select program.
- General Liability: $2M / $2M
- Product Liability: $2M / $2M
- Property: Total Insured Value exceeding $105,000,000
Total Premium: $481,000
Underwriting Approach
We evaluated aggregation across locations and structured property limits to address crop, stock, equipment, and business income exposure. Product liability was aligned with manufacturing exposure and distribution scope.
Financial documentation and operational controls were reviewed early to support timely quote delivery.
Outcome
The insured secured coordinated property and liability coverage across vertically integrated operations under one program structure. The agent preserved the entire account within a single underwriting relationship rather than fragmenting coverage across markets.
This placement demonstrates appetite for large-scale, integrated cannabis operators with complex property and product liability exposure.