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.
These insurance policies cover the most common risks of renting to an MRB.
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.
Learn more about general 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.
Learn more about product liability 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.
Learn more about commercial property 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.