Marijuana Dispensary Insurance

Whether you are a shoe store or electronics outlet, restaurant or cannabis dispensary, no business can truly ever be fully ready to handle some type of disaster or serious problem. Theft, fire, employee injury, and a whole host of other issues could possibly derail the normal functioning of a business. If these issues are serious enough, they could even have the potential to bankrupt a company unless the business has some type of preparation in place. 

From homeowners to business owners, most people understand that insurance is an essential part of life. Sometimes it is possible to have a general, umbrella-type of policy that covers the basics and that is good enough. However, as a medical marijuana dispensary (MMD), your company has very specific requirements and lots of non-general items that should be insured. At OG Cannabis Insurance, we have the experience and expertise in the cannabis industry to know and understand the specialized needs of MMDs. We are happy to customize an insurance plan that gives your dispensary the coverage you need for a very specific industry. From general liability to product liability and everything in between, we have you covered.

Cannabis Dispensary Insurance 

In order to feel as prepared as possible for an unexpected event or emergency situation, cannabis dispensary insurance is the best available option for your MMD. OG Cannabis Insurance will customize your plan so that everything that is integral to your business is covered: the building and all contents, drivers, inventory, and employees. With careful planning and our exceptional customer service, our insurance agents will help you rest assured knowing that your valuable dispensary is safeguarded against anything that may happen in the future. 

Even though cannabis and CBD is a rapidly growing industry, there is a major lack of federal funding and legal support for cannabis-related businesses. It is harder than ever to recover from losses resulting from theft, damage to crops, or employee injury. Many business owners in the cannabis industry have been seriously negatively impacted by and suffered losses from incidents such as warehouse fires and robberies, crop damage, and workplace injuries. Don’t be one of them! 

With cannabis dispensary insurance, you can focus on the daily operation of your business knowing that you are covered in the event of a catastrophe. OG Cannabis Insurance won’t simply sell you a blanket policy that is worth less than nothing. We understand that your industry is not typical or ordinary, so a typical insurance policy simply won’t do. We want to craft an individualized policy for your particular dispensary so that you have peace of mind knowing your dispensary won’t go up in smoke due to a lack of coverage. If you own a dispensary in Arizona, California, Colorado, Maine, Michigan, Nevada, Oregon, or Washington, contact us for a free insurance quote!

Types of Cannabis Dispensary Insurance 

At OG Cannabis Insurance, we have a cannabis dispensary insurance package that covers most of the common areas that need to be insured for MMDs. These fall into three areas: general liability, product liability, and property coverage.

In the general liability section, the policy includes: available $2 million occurrence / $2 million aggregate, limit damage to rented premises, medical limit, and defense outside the policy limits. For general liability, we cover bodily injury/property damage, landlord additional insured endorsement, cost of defense, and duty to defend. 

As far as product liability is concerned, the policy includes: $1 million occurrence / $2 million aggregate limit, medical and recreational, retroactive date (up to 5 years), product recall/product withdrawal, and duty to defend. The covered products include scheduled cannabis, hemp, and CBD products; non-cannabis products, hemp, and CBD products; edibles; and equipment manufacturers.

And finally, the property coverage includes up to $10 million per location, theft with no sublimit, fire, and multiple deductible choices. The items considered property to be covered in this policy can include:

• Dispensary inventory – cannabis crop, edibles, CBD products, & non-cannabis products
• Business personal property
• Building
• Tenants betterments and improvements
• Money and securities
• Outdoor property (fencing, signs)
• Personal effects of others
• Employee dishonesty 

This list, of course, is not comprehensive and can be adjusted and customized to suit your dispensary’s needs. Whatever it is that you may need to have covered, we are happy to discuss your options with you and build a policy that safeguards your business investments.

Cover Your Business’s Losses with Cannabis Insurance 

While it is true that no business owner wants to think about the possibility of losses or damages to their product, property, or other items related to the company, it is a reality that we all must come to terms with. The best way for you to prepare your dispensary for such a possibility is by investing in cannabis dispensary insurance. OG Cannabis Insurance is here to help you decide what your ideal policy looks like and what should be included. 

We have over 18 years of experience in the insurance industry, so we know and understand what is most valuable for your business. Don’t fret about emergency situations! Just make sure your business is ready with proper insurance.

Contact OG Cannabis Insurance Today

At OG Cannabis Insurance, we offer fast insurance quotes for your business that are easy to understand and provide you with an assigned insurance agent to ensure you get the policy you need. We have built up knowledge and carrier relationships that enable us to place coverage for the complicated business of the cannabis industry. You will never find extra fees or have to deal with extra wait time for product branding or risk management services. 

Our number 1 goal is to make sure your company is covered no matter what area of the cannabis industry you are a part of. We know that your industry is complicated and unique with ever-changing rules and regulations. Allow us to help you ensure your business is covered regardless of any emergency situation or unexpected event. Contact us today for more information on all of our insurance options and to talk with a cannabis operations insurance specialist.