Request an Equipment Breakdown Quote Call (916) 967-7715
What equipment breakdown coverage protects
Cannabis equipment breakdown insurance is another type of protective cannabis insurance that provides coverage for equipment failure and damage or loss to cannabis stock due to that failure. Coverage applies to events such as power surges, burnout, malfunction, and user error.
When equipment fails, the hassle and expense are difficult enough. Often cannabis stock is lost in the process and things add up quickly. To make matters worse, as long as the equipment is down, you are losing revenue. By having the right protections in place, you can have your business back to full operation as fast as possible.
What’s the difference between breakdown insurance and equipment coverage?
Cannabis Equipment Breakdown Insurance is specifically designed to protect you from a loss in the event of failure and Cannabis Equipment Insurance is coverage for events such as theft, fire, and vandalism.
There are additional, relevant coverages that you may consider such as business income and extra expense to help you reduce the chance of income loss while your equipment is being repaired or replaced.
Who this coverage is for
Indoor and greenhouse growers, extraction labs and manufacturers that depend on HVAC, dehumidification, lighting, refrigeration and electrical systems.
What drives your premium
We don’t publish prices because every quote depends on underwriting. Carriers mainly look at:
- Types and ages of equipment
- Maintenance practices
- Value of stock that could spoil if equipment fails
- How much business income coverage you need
- Claims history, limits and deductibles you choose
Cannabis equipment breakdown insurance FAQ
What does cannabis equipment breakdown insurance cover?
It covers equipment failure from events such as power surges, burnout, malfunction and operator error, and it can cover cannabis stock that is damaged or lost because of that failure.
Who needs equipment breakdown coverage?
Indoor and greenhouse growers, extraction labs and manufacturers that depend on HVAC, dehumidification, lighting, refrigeration and electrical systems. Business income coverage can help with lost income while equipment is repaired.
What affects the cost of equipment breakdown insurance, and how do I get a quote?
We don’t publish prices because every quote depends on underwriting. Carriers mainly look at the types and ages of your equipment, maintenance practices, the value of stock that could spoil if equipment fails, how much business income coverage you need, and your claims history, limits and deductibles. Request a quote or call (916) 967-7715, and a licensed agent will review your operation. The Cannabis Coverage Company has written cannabis insurance since 2009, is part of Lions & Coventry and is licensed in all 50 states, so we can quote licensed operators nationwide.
Why cannabis businesses work with The Cannabis Coverage Company
- Writing cannabis insurance since 2009
- Licensed in all 50 states (CA Lic. #0G22084)
- Part of Lions & Coventry Insurance Services
- One agency for liability, property, auto, workers’ comp, cargo and bonds
We work with cannabis businesses nationwide from our office at 7816 Uplands Way, Ste C, Citrus Heights, CA. Request a quote or call (916) 967-7715.