Cannabis Cultivator Business Insurance
Why do cultivators need insurance?
Cannabis cultivation comes with a lot of risk. A fire could destroy your equipment, or someone could break into your greenhouse and steal your plants. Business insurance provides a financial safety net against property damage, medical bills, and lawsuits. It also covers risks specific to the cannabis industry, such as adverse reactions to your product.
Find the right coverage
Insureon helps cannabis growers find insurance that matches your unique risks.
Get free expert advice and peace of mind knowing you have the right property and liability coverage for your small business.
What types of insurance do marijuana growers need?
General liability insurance
A general liability policy protects against basic third-party risks, such as an accident that injures a visitor at your greenhouse. Some states require this coverage for cannabis businesses.
Best for:
- Customer bodily injuries
- Damaged customer property
- Libel and other advertising injuries
Learn more about general liability insurance.
Product liability insurance
Product liability coverage provides financial protection against lawsuits related to your products. For example, it will help pay legal costs if a customer sues over an adverse reaction to marijuana.
Best for:
- Allergic reactions to cannabis
- Panic attacks and other adverse effects
- Illnesses caused by mold or pesticides
Learn more about product liability insurance.
Commercial property insurance
Commercial property coverage helps pay for property damage and loss, such as a fire that destroys your marijuana plants, equipment, or greenhouse. Landlords often require business owners to carry this coverage.
Best for:
- Fires
- Storm damage
- Theft and vandalism
Learn more about commercial property insurance.
Commercial auto insurance
This policy covers the legal costs and property damage in accidents involving your cannabis business's vehicle. It also covers vehicle theft and vandalism.
Best for:
- Physical damage and collision coverage
- Injuries caused to another person
- Vehicle repairs due to weather or vandalism
Learn more about commercial auto insurance.
Workers' compensation insurance
Most states require workers' comp for any business that has employees. It also protects sole proprietors from work injury costs that personal health insurance might deny.
Best for:
- Employee medical expenses
- Disability benefits
- Legal cost from lawsuits
Learn more about workers' compensation insurance.
Surety bonds
A bond guarantees your cannabis business will fulfill the terms of its contracts and pay its suppliers. Many states require a surety bond as part of licensing requirements.
Best for:
- Compliance with laws
- Fulfilling license requirements
- Breach of contract
Learn more about surety bonds.
How much does cannabis business insurance cost?
A cannabis hydroponics farm with only a few employees can expect to pay less for commercial insurance than a larger business.
Factors that can affect your insurance costs include:
- Type of business
- Value of your business property, cultivation equipment, and cannabis plants
- Business revenue
- Location
- Number of employees
- Policy limits and deductibles
- Claims history
Verified business insurance reviews
Hear from customers like you who purchased small business insurance.
How do I get cannabis grower insurance?
It's easy to get business insurance for your cannabis farm if you have your company information on hand. Our agent will ask for basic facts about your cultivation business, such as revenue and number of employees.
Insureon's licensed insurance agents work with top-rated U.S. providers to find cannabis insurance coverage that matches your business's risks and budget. You can call our dedicated agent at (312) 973-1946 to get started.