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Coverage for landlords with cannabis tenants
Many landlords are unaware that insurance companies may be able to deny a claim based on the type of business your tenant is running and most insurance carriers will not provide building coverage if the tenant is running a cannabis operation. It is important for you to have specialized Cannabis Landlord Insurance.
Not all insurance coverages are created equal. Speaking with an insurance agent who specializes in the cannabis industry is an important step to ensure that you are adequately covered.
Whether you are considering leasing to a cannabis operation, or already have tenants, we are more than happy to take the time to review your current contracts and insurance policies to find a solution that fits your specific needs.
Contact The Cannabis Coverage Company and speak with one of our licensed cannabis insurance agents today to learn more!
Available Coverages:
Loss of Income
Building and Ordinance Insurance
Who this coverage is for
Owners of warehouses, retail spaces, greenhouses and land leased to licensed cannabis businesses.
What drives your premium
We don’t publish prices because every quote depends on underwriting. Carriers mainly look at:
- Building construction, age and occupancy
- Your tenants’ operations (cultivation, extraction, retail or distribution)
- Fire protection and security
- Building values and lease insurance requirements
- Claims history, limits and deductibles you choose
Cannabis landlord insurance FAQ
Will my current building policy cover a cannabis tenant?
It may not. Many standard property and liability policies exclude or restrict coverage when a tenant runs a cannabis operation, and an undisclosed cannabis tenant can put a claim at risk. See cannabis property insurance. Tell your agent about the tenant and confirm the policy in writing.
What should my lease require a cannabis tenant to carry?
Leases commonly require the tenant to carry general liability, product liability if they make or sell products, property coverage for their own improvements and contents, and workers' compensation, with the landlord named as additional insured. We can review your lease insurance language.
What affects the cost of cannabis landlord insurance?
We don't publish prices because every quote depends on underwriting. The main factors are the building's value, construction and age, the tenant's license type and operations, security and fire protection, location, claims history and the limits you choose. Request a quote or call (916) 967-7715.
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.