Insurance for Cannabis Nurseries

Relatively new to the market are Cannabis Nurseries, which grow and sell marijuana for medical and recreational use in states where it has been legalized. Over the last several years, many states have taken steps to legalize the sale of marijuana, as it has been proven to be useful in treating a variety of illnesses. Given the nature of the products sold, these nurseries come with a special set of risks and liabilities, from theft and burglary, to employee dishonesty and more. It's important to insure the owners and operators of these nurseries adequately to safeguard against loss and liability. 

cannabis plant

Coverage Recommendations

As more and more states legalize the use of marijuana both recreationally, and medically, Cannabis Nurseries are becoming a big business. There are a variety of risks and challenges the growers face when cultivating these crops including theft, vandalism, equipment issues, fire, storms and more. It's important that agents help their clients manage these risks and exposures with proper coverage - which can be difficult to manage between all of the different policies offered by different insurance carriers. Some primary coverages clients should consider carrying include:

  • General Liability - includes premises liability, for protection against claims made if someone is injured on the property. Some carriers include assault and battery coverage.
  • Products Liability - protects against damage to crops and plants, finished products, and more.
  • Property - coverage for buildings, equipment, greenhouses, business income, stock, and other expenses in the event they are damaged.
  • Worker's Compensation - coverage for injuries to employees.
  • Commercial Auto - for liability and property damage to vehicles used by the nursery to transport product or employees in transit.
  • Cargo - coverage for product stock while in transit to another location.