Request an Equipment Insurance Quote Call (916) 967-7715
What cannabis equipment insurance covers
Cannabis Equipment Insurance is an additional protective cannabis insurance coverage added to your property policy to recover from equipment damage or loss due to fire, theft, and vandalism of or within the facility.
Equipment coverage is different than Equipment Breakdown Insurance.
It’s no secret that the equipment you own and operate is expensive. When it comes to equipment, most cannabis operation owners are already aware that at some point, the equipment will probably break down. What is often not considered is the likelihood of damage, or loss of equipment due to “outside factors” such as fire, theft or vandalism of the facility. An Equipment Coverage policy can pay for replacement or repairs of that expensive equipment. Let’s not forget about time. When equipment is down revenue is lost. When you’re dealing with facility and equipment repairs or replacement that can take up a lot of time. This can be especially bad if you have to figure out where to get the money to get up and running again. Whether you are a cultivator, manufacturer, processor, or other operation that uses specialized equipment, a cannabis equipment insurance policy that is tailored to your needs is a great way to ensure your investment is covered.
Who this coverage is for
Growers, processors, manufacturers and labs with lighting, HVAC, extraction, packaging or testing equipment.
What drives your premium
We don’t publish prices because every quote depends on underwriting. Carriers mainly look at:
- Types and values of equipment
- Whether equipment stays on site or moves between locations
- Security and fire protection
- Claims history, limits and deductibles you choose
Cannabis equipment insurance FAQ
What does cannabis equipment insurance cover?
It is added to your property coverage to pay for repair or replacement of equipment damaged or lost to fire, theft or vandalism at or within your facility.
How is equipment coverage different from equipment breakdown insurance?
Equipment coverage responds to outside events such as fire, theft and vandalism. Equipment breakdown insurance responds to mechanical or electrical failure, such as a power surge or burnout. Growers and processors often review both.
What affects the cost of cannabis equipment 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 values of your equipment, whether it stays on site or moves between locations, security and fire protection, 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.