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Why property managers of cannabis sites need specialized coverage
As a property manager, you may oversee cannabis businesses which presents a number of unique risks compared to other types of businesses. In the event that a mishap occurs, it is extremely important that proper coverages specific to the cannabis industry are in place. We can craft a Cannabis Property Manager Insurance that you can rely on.
Contracts with property owners vary and in some cases, you may be held responsible for any incidents that occur related to the building, or tenants you manage. It is also important to know that you may be liable if you fail to disclose that you are renting to a cannabis operation, which may lead to a significant loss if an accident were to occur.
Whether you are considering leasing to a cannabis business, or currently are, we are more than happy to review your contracts and current policies to ensure you have the right protections in place. Because we work with a variety of reputable carriers, we can compare coverage options and find a policy that fits your needs!
Contact The Cannabis Coverage Company today and speak with one of our licensed cannabis insurance agents today to learn more!
Available Coverages:
Who this coverage is for
Property management companies that oversee buildings leased to cannabis cultivators, manufacturers, dispensaries or distributors.
What drives your premium
We don’t publish prices because every quote depends on underwriting. Carriers mainly look at:
- Number and type of properties you manage
- Your tenants’ operations (cultivation, extraction, retail or distribution)
- Terms of your management contracts
- Professional services you provide to owners
- Claims history, limits and deductibles you choose
Cannabis property manager insurance FAQ
Am I covered if I manage a building with a cannabis tenant?
Not automatically. Your management agreement may make you responsible for some incidents at the property, and many standard policies exclude or restrict cannabis exposures. Review your professional and general liability coverage before you take on a cannabis property.
What coverage do cannabis property managers usually carry?
Most carry general liability, professional liability for management decisions, and workers' compensation for employees. The property owner's policy should cover the building, and the management agreement should spell out who insures what.
What affects the cost of property manager insurance?
We don't publish prices because every quote depends on underwriting. The main factors are the number and type of properties you manage, tenant operations, revenue, staff, 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.