Insurance for Cannabis Business Property Owners
Why do cannabis business property owners need insurance?
Property owners who lease to marijuana-related businesses (MRBs) face the same risks as other commercial landlords – and then some. Business insurance protects against medical bills, costly repairs, and legal expenses that could jeopardize your small business.
Find the right coverage
Insureon helps cannabis business property owners 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 cannabis business landlords need?
These insurance policies cover the most common risks of renting to an MRB.
General liability insurance
A general liability policy protects against basic third-party risks, such as a customer who trips and suffers an injury on your property. Some state laws 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
This policy provides financial protection against lawsuits related to cannabis products. For example, it can help pay for legal costs if a customer sues over an adverse reaction.
Best for:
- Allergic reactions to cannabis
- Panic attacks and other adverse effects
- Fires caused by faulty vape batteries
Learn more about product liability insurance.
Commercial property insurance
This policy helps pay for property damage and loss, such as a fire that destroys a building, or a thief who breaks a window to steal medical marijuana.
Best for:
- Fires
- Storm damage
- Theft and vandalism
Learn more about commercial property insurance.
How do I get cannabis business property owner insurance?
It's easy to get insurance as the owner of a cannabis business property if you have your company information on hand. Our agent will ask for basic facts about your company, such as business income and number of employees.
Insureon's licensed insurance agents work with top-rated U.S. providers to find the right insurance coverage for your commercial real estate business, whether you work independently or hire employees. Contact our licensed cannabis insurance specialist to get started.
