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Cultivators
Quick answer: Cannabis cultivator insurance protects a grow from equipment failure, crop spoilage, fire, theft and customer claims. Indoor grows can carry general liability, product liability, property, stock inventory, business income, crop coverage, pesticide/herbicide coverage and workers’ comp. Outdoor crops aren’t covered in the field, but product can be insured once it’s moved to a secure location for drying and processing.
You have invested a lot in your equipment and product and when equipment fails and product spoils you the revenue loss can be detrimental to your business. In addition to replacing/repairing failed equipment, you probably still have a staff that needs to be paid and reestablish your grow. Fire, theft, and vandalism is highly underestimated and many growers are under the impression that it won’t happen to them; however, if it does, there is also personal injury and property damage to consider. For many operations, a single unforeseen event is enough to put them out of business.
As a cultivator, you are working with perishable goods. Sometimes equipment malfunctions, crops spoil and the loss can be difficult to recover from. The cannabis insurance industry has come a long way and coverages are now available to cover you during these “down times” to reduce loss. Product liability is also available to cover you in the event that a customer ingests a product resulting in sickness, accident or crime and decides to hold you responsible.
Although coverage is not yet available for outdoor crops, for outdoor grows, we can insure your product once it is brought into a secure location for drying and processing. One of the advantages of working with us is that our underwriters will allow you to determine the value of your crop and we even offer coverage options for herbicide/pesticide/fungicide applicators.
By having crop and equipment coverage you position yourself to recover from an unfortunate event and outlast your competition.
Contact one of our licensed agents today to learn more about the different options available to you to protect your cannabis crop.
Available Coverages
Indoor
Pesticide/Herbicide
Stock Inventory
Business Personal Property
Tenant Improvement Coverage
Outdoor
Finished Stock
Cannabis cultivator insurance FAQ
Is an outdoor cannabis crop covered while it is still growing?
Coverage is not yet available for outdoor crops in the field. For outdoor grows, we can insure your product once it is brought into a secure location for drying and processing.
What coverages are available for indoor cannabis grows?
Indoor grows can carry general liability, product liability, property insurance, stock inventory, business income, business personal property, crop coverage, equipment coverage, property in transit or cargo coverage, tenant improvement coverage, pesticide and herbicide coverage, and workers’ comp.
Who sets the value of my cannabis crop?
Our underwriters allow you to determine the value of your crop. Coverage options are also available for herbicide, pesticide and fungicide applicators.
What affects the cost of cannabis cultivation insurance?
Pricing depends on your operation. Common factors include whether you grow indoors or outdoors, the value of your crop, equipment and buildings, your security and fire protection, your number of employees, your claims history, and the coverages and limits you choose. For pricing based on your grow, request a quote from The Cannabis Coverage Company.