Cannabis

Protect your cannabis business with comprehensive insurance coverage to navigate legal complexities, product liabilities, and security vulnerabilities effectively.

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Industry Insight

As a relatively new market with heightened regulations and a lack of historical data available to insurers for risk assessment, the cannabis industry often faces the challenge of limited insurance options, which puts its businesses at financial risk when emergencies arise.

Cannabis

Limited Insurance Options

Since this industry is relatively new and has a public stigma surrounding it, insurance coverage for cannabis growers is relatively limited, putting them at higher risk of suffering loss from crop damage, theft, and product liability.

High Insurance Premiums

Insurance premiums can be significantly higher for cannabis producers and manufacturers compared to other industries due to the perceived risk associated with the industry.

Lack of Historical Data

As the cannabis industry is relatively new, there is limited historical data available to insurers to assess risk and determine appropriate coverage and premiums.

Changes in Regulations

The highly regulated nature of the cannabis industry in Canada can make it more challenging for producers and manufacturers to obtain insurance coverage, as insurers may require compliance with specific regulations before providing coverage.

Count on us to provide you with holistic insurance coverage to protect your business.

Be in The Know, Protect Your Future.

We understand that there’s not a one-size-fits-all approach when it comes to insurance. That’s why we value constant communication with our clients, understanding their needs in-depth and looking outside the box for innovative solutions to their distinctive insurance risks. 

Talk to us today to start a simplified insurance experience to protect your business.