Business insurance provides a financial safety net against theft, fires, and injuries. It also covers risks specific to the cannabis industry, such as adverse reactions to medical marijuana, edibles, and topicals. Some types of insurance, like general liability coverage, may be required by state law.
These insurance policies cover the most common risks of dispensaries.
A general liability policy protects against basic third-party risks, such as a customer who trips and suffers an injury in a dispensary. Some states require this coverage for cannabis businesses.
Product liability coverage provides financial protection against lawsuits related to your products. It will help pay legal costs if a customer sues over an adverse reaction to marijuana or CBD.
Commercial property coverage helps pay for property damage and loss, such as a fire that destroys a dispensary's inventory. Landlords often require business owners to carry this coverage.
It's easy to get marijuana dispensary insurance if you have your company information on hand. Our application will ask for basic facts about your dispensary, such as business income and number of employees. You can buy a policy online and get a certificate of insurance with Insureon in three easy steps:
Insureon partners with top-rated U.S. providers to find cannabis insurance coverage that matches your risks and fulfills state requirements for cannabis businesses. Contact our licensed cannabis insurance specialist to get started.