Wholesale Insurance for Cannabis
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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.

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

$17,300

LICENSED RETAIL CANNABIS DISPENSARY

Areas Of Specialty

Dispensary & Retail Stores
  • Recreational Dispensary
  • Medical Cannabis Dispensary
  • Online or Brick & Mortar Sales
  • Smoking Accessories
Cultivation & Grow Operations
  • Standard Cultivators
  • Standard Processors
  • Micro Growers
  • Outdoor Growers
  • Licensed Personal Growers
  • Designated Growers
Building Owners & Cannabis Tenants
  • Building Owners with Cannabis Operations including Production, Growing, and Retail
  • Leased Facilities with Cannabis Operations including Production, Growing, and Retail
Product Manufacturing
  • Oils/Tinctures
  • Supplements/Capsules
  • Food Products/Edibles
  • Topical/Cosmetics
  • Accessories & Products including Vapes
Property
  • 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
Product Recall
  • 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

Featured Expert

Your Local Team

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Vice President
Director, Commercial Insurance
Works at Toronto Office Map
Associate Director, Commercial Insurance
Atlantic Division
Works at St. John’s Office Map
Director, Construction
Works at Toronto Office Map
Product Specialist, Personal Accident
Works at Toronto Office Map

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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