Cannabis

Cannabis

Unique Risk Management Solutions for this Growing Industry

Medical and recreational marijuana sales are expected to reach over $30 billion in the U.S. and Canada by 2023. The market’s rapidly changing landscape presents unique risk management considerations for those involved in the cultivation, production, dispensing and sale of cannabis and cannabis-derived products.

Cannabis Coverage through Burns & Wilcox can help your clients manage the unique risks associated with operating regulated dispensaries and growers. The coverage also helps manage risks for building owners and leased facilities.

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Cannabis Insurance Market Overview

The U.S. cannabis market is rapidly expanding with more states legalizing recreational use and an array of new products being produced every year. Rhode Island became the 19th state to Read More

Cannabis Webinar

Cannabis Insurance

PRESENTED BY Leena Malik
Jul 19, 2022

Recent Cannabis Wins

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$320,000

EXCESS PROPERTY FOR CANNABIS PRODUCER

$221,000

LARGE CANNABIS PRODUCER PRODUCT RECALL

$166,000

VAPE MANUFACTURER AND DISTRIBUTOR

$70,000

LICENSED CANNABIS PRODUCER CGL

Areas Of Specialty

  • Recreational Dispensary
  • Medical Cannabis Dispensary
  • Online or Brick & Mortar Sales
  • Smoking Accessories
  • Standard Cultivators
  • Standard Processors
  • Micro Growers
  • Outdoor Growers
  • Licensed Personal Growers
  • Designated Growers
  • Building Owners with Cannabis Operations including Production, Growing, and Retail
  • Leased Facilities with Cannabis Operations including Production, Growing, and Retail
  • Oils/Tinctures
  • Supplements/Capsules
  • Food Products/Edibles
  • Topical/Cosmetics
  • Accessories & Products including Vapes
  • Monoline or Packaged with Premises GL
  • Buildings, Equipment, Tenant’s Improvements, Stock, Business Income and Extra Expenses
  • All Types of Stock in Various Phases of Production, including Finished Stock, Growing Plants,
  • Equipment and Components
  • Equipment Breakdown
  • Property Extension Available
  • Outdoor Growing Crops
  • Safety and Government Triggered Contamination
  • Protection for the Company’s Balance Sheet and Supply Chain Relationships
  • Contractual Obligations passed down by Regulators and Customers
  • Specific for Cannabis Industry
  • Recall Costs, Replacement Costs, Rehabilitation Expenses, Business Interruption, Extortion and Consultant Costs and Pre-Recall Expenses

Available Products

  • General Liability
  • Premises Liability (Excluding Products)
  • Products Liability
  • Property
  • Product Recall
  • Cyber & Digital Liability
  • Transit
  • Equipment Breakdown
  • Excess Liability
  • Excess Property
  • Parametric Crop Insurance

Product Documents

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Your Local Team

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Underwriter, Commercial Insurance
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Senior Underwriter, Commercial Insurance
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The main reason I work with Burns & Wilcox without exception is the level of expertise from the top all the way throughout the organization. It is truly unparalleled in the industry.

-Cindy G., Client, Niagara Falls, Ontario